Unified pension: This scheme is much better then previous one more benefits, Railway Federation

Unified pension scheme: The central government of India  has approved a  new pension for the central government employee. The name is Unified Pension Scheme, the Central employees will get abundance benefit. After the implementation of this schame.  The Union Minister Ashwini Vaishnav, said that state governments can also implement this scheme in their respective  states. This central sail that this schame will come effect after April 1, 2025. Hence because to the decision regarding UPS in the cabinet meeting. Different government employee union officials have welcomed this decision of the central government. All India Railway Men's Federation General Secretary Shiv Gopal Mishra said this decision is in the interest of the employees. As by the sources the all India Railway Men's Federation General Secretary Shiv Gopal Mishra, regarding this a meeting was held with the Prime Minister on Saturday. In the meeting, the cabinet has accepted the demands of the employees related to the Unified Pension Scheme. In this, half of the salary received during retirement will be given as pension. After working for 10 years, minimum pension of Rs. 10,000 will be given. On the death of an employee, about 60 percent of the pension will be given to his dependent.

We are proud of the hard work of all government employees who contribute significantly to national progress. The Unified Pension Scheme ensures dignity and financial security for government employees, aligning with our commitment to their well-being and a secure future.…

— Narendra Modi (@narendramodi) August 24, 2024

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After 2004 this will first pension upgrade meeting held.

Mishra also said that this scheme a  big decision in the interest of the central government  employees Our demands were taken care  into consideration by the Prime Minister. whenever there is a need, the government will be present with its employees. It is in the interest of the employees. This pension scheme is even better than the old pension scheme. In the meanwhile one of Forum of MCD Engineer Association President Naresh Sharma says that this is a very good news in the interest of the employees. He said that this scheme is even better than the old pension scheme.

How the new scheme is better than the previous understand this in below pointers.

• The proportionality ratio between 20 and 25 years will be the same amount in pension. After completing 25 years, 50 percent of the basic salary will be given as pension.
• Earlier minimum service period for voluntary retirement was 20 years. But, now the government has reduced it to 10 years. Those who take voluntary retirement after 10 years will also be given a minimum pension of Rs 10,000.

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Who will get benefited by the Unified Pension Scheme?

• who work for at least 10 years will be entitled to this pension.
• If someone leaves job after 10 years of service, he will get Rs 10,000 as pension.

• who work for 25 years will get 50 percent of the basic salary received in the last 12 months before retirement as pension.
• After the death of the employee, 60% of his pension amount will given to the family.
• The benefit of inflation indexation will also be available.
• Employees will not contribute. The central government will bear 18.5% of the employee's basic salary on its own.
• For every six months of service, one-tenth of the monthly salary will added and paid on the retirement time