**Summary:**
The Ministry of Finance has extended the cutoff date for exercising the option under the Unified Pension Scheme (UPS) by three months, from June 30, 2025, to September 30, 2025. This extension applies to eligible existing employees, past retirees, and legally wedded spouses of deceased past retirees. The extension was granted in response to representations received from various stakeholders requesting additional time to exercise their option under the scheme, which was initially notified on January 24, 2025, and operationalized on March 19, 2025.
Key Entities Referenced
Unified Pension Scheme UPS: A pension scheme for eligible Central Government employees.
Ministry of Finance: The ministry that notified the Unified Pension Scheme UPS and extended the cutoff date.
Central Government: The government for whose employees the Unified Pension Scheme UPS is intended.
Pension Fund Regulatory and Development Authority PFRDA: The authority that notified the PFRDA Operationalisation of the Unified Pension Scheme under NPS Regulations, 2025.
PFRDA Operationalisation of the Unified Pension Scheme under NPS Regulations, 2025: Regulations operationalising the Unified Pension Scheme under the National Pension System.
Ministry of Finance
Extension of cut-off date for Exercising Option under
Unified Pension Scheme (UPS) by three months i.e
upto 30 September 2025
Posted On: 23 JUN 2025 5:55PM by PIB Delhi
The Unified Pension Scheme (UPS) for eligible Central Government employees was notified by the Ministry
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of Finance, Government of India, vide Notification No. F. No. FX-1/3/2024-PR dated 24 January 2025.
To operationalise this framework, the Pension Fund Regulatory and Development Authority (PFRDA)
notified the PFRDA (Operationalisation of the Unified Pension Scheme under NPS) Regulations, 2025 on
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19 March 2025.
As per the regulations, eligible existing employees, past retirees, and the legally wedded spouses of deceased
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past retirees were given a period of three months i.e., upto 30 June 2025 to exercise their option under the
scheme.
In view of the representations received from various stakeholders requesting an extension of the cut-off date,
the Government of India has decided to extend the cut-off date for exercising the option for UPS by three
th
months i.e., upto 30 September 2025 for eligible existing employees, past retirees, and the legally wedded
spouses of deceased past retirees.
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NB/AD
(Release ID: 2138960)