<h1>Finance Ministry Unveils Unified Pension Scheme for Central Govt Employees with Assured Benefits Starting April 2025.</h1> The Finance Ministry has introduced the Unified Pension Scheme (UPS) for Central Government employees, offering an assured pension of 50% of the average basic pay over the last 12 months before retirement. This scheme is available to employees under the National Pension System (NPS) who opt for it, excluding those dismissed or who resign. The UPS requires a minimum of 25 years of service for full benefits, with a minimum guaranteed payout of Rs 10,000 per month for those with at least ten years of service. The scheme, effective April 1, 2025, increases the government's contribution from 14% to 18.5%, while employees contribute 10%.