The Pension Fund Regulatory and Development Authority (PFRDA) has introduced the Unified Pension Scheme (UPS) to provide additional benefits to subscribers who retired under the National Pension System (NPS) on or before March 31, 2025, and their legally wedded spouses. These benefits are available in addition to the benefits availed or accrued to such employees under NPS including annuity.
Unified Pension Scheme: NPS retirees to get lumpsum, monthly top-up under new Unified Pension Scheme
