Old Pension Scheme: For your information, the government has now launched the Unified Pension Scheme in place of the Old Pension Scheme. Under this, all government employees will receive a government pension after retirement. If you’re interested in learning more about the Unified Pension Scheme and how you’ll receive it, we’ll provide you with detailed information today.
What is the Old Pension Scheme?
For your information, before 2004, the government implemented the Old Pension Scheme, under which you were given 50% of your salary as pension. There were no deductions, and for your information, you were given a fixed amount every month, with no changes.
What is the Unified Pension Scheme?
The government has launched the Unified Pension Scheme in place of the Old Pension Scheme. Under this scheme, if you serve for 25 years, you’ll receive 50% of your monthly pension. Furthermore, those who serve for more than 25 years are exempt from this scheme. They will be paid a pension in a proportionate ratio. Under this, a 10% dearness allowance will be deposited, and the remaining amount will be deposited from the government’s treasury and transferred to your bank account each month as pension.
A minimum pension of ₹10,000 will be provided.
For your information, the government has stated that under the Unified Pension Scheme, you will receive a minimum pension of ₹10,000 each month. This amount will remain unchanged, regardless of market fluctuations. The government will provide a minimum monthly pension of ₹10,000 to protect you from inflation.
A form must be filled out to receive a pension.
For your information, if you wish to receive a government pension, you must fill out a form in the prescribed format. Only then will you be disbursed the pension amount. For more information, you can visit the official portal of the Unified Pension Scheme, where you will find detailed information.
