Unified Pension Scheme in Maharashtra: The Union Cabinet on Saturday approved the new pension scheme Unified Pension Scheme. After this, now the states are also coming forward to adopt this pension scheme. On Sunday, the Maharashtra Cabinet also approved this pension scheme. This scheme provides for 50% assured pension to government employees. Also, this scheme includes assured family pension, assured minimum pension, indexation with inflation and additional payment in addition to gratuity. 23 lakh central government employees will benefit from this scheme. If the employees of state governments also join it, then about 90 lakh employees will get the benefit of this scheme.

 

How much pension will be available in UPS?

 

In the Unified Pension Scheme, the pension amount will be 50 percent of the average basic pay of 12 months before retirement. The service eligibility for this pension will be 25 years. Employees who will serve for 25 years will get the benefit of this assured pension. At the same time, if the service is less than 25 years and more than 10 years, then those employees will get pension in proportion to the service.

 

UPS employees will also get these benefits

 

In the Unified Pension Scheme, 60 percent of the pension that any employee had before his death will be given to the wife/husband of the deceased employee.

 

For those whose service period is less, there is a provision of an assured minimum pension of Rs 10,000 per month in the Unified Pension Scheme.

 

Inflation has been taken care of in the Unified Pension Scheme. On the pattern of dearness allowance, inflation indexation will be applied on assured pension, assured family pension and assured minimum pension.

 

In the Unified Pension Scheme, there is a provision of lump sum payment in addition to gratuity on retirement. For every 6 months of service, 1/10th of the monthly salary (pay + DA) will be given on the date of retirement.