Date: 2025-09-16Category: Not ApplicableState: Union GovernmentCountry: India
PFRDA Extends One-time option for Central Government employees (who Joined services between 01.04.2025 and 31.08.2025) to opt for Unified Pension Scheme (UPS)
**Summary:**
The Ministry of Finance, through the Pension Fund Regulatory and Development Authority (PFRDA), is extending a one-time option for certain Central Government employees to switch from the National Pension System (NPS) to the Unified Pension Scheme (UPS). This option is available to employees who joined government service between April 1, 2025, and August 31, 2025, and who initially opted for NPS. This extension aligns with Notification No. F. No. FX132024 PR dated January 24, 2025, which initially notified the UPS. Eligible employees must exercise this option on or before September 30, 2025, which is the established deadline for other eligible categories under the UPS. The purpose of this initiative is to provide these employees with an informed choice regarding their post-retirement financial security, noting that employees can revert to NPS at a later date even if they opt into UPS now. The deadline for all eligible employees and past retirees under NPS to opt for UPS remains September 30, 2025. This information was released by PIB Delhi on September 16, 2025. Release ID: 2167325
Key Entities Referenced
Ministry of Finance: The ministry responsible for the notification regarding the Unified Pension Scheme (UPS).
Pension Fund Regulatory and Development Authority (PFRDA): The regulatory body whose notification extends the option for Central Government employees to opt for the Unified Pension Scheme (UPS).
Unified Pension Scheme (UPS): A pension scheme for Central Government employees, offering an alternative to the National Pension System (NPS).
Central Government: The employer of the employees who are eligible for the Unified Pension Scheme (UPS).
National Pension System (NPS): A pension scheme that Central Government employees can migrate from to the Unified Pension Scheme (UPS).
Delhi: Location where the press release regarding the UPS extension was posted.
Ministry of Finance
PFRDA Extends One-time option for Central
Government employees (who Joined services
between 01.04.2025 and 31.08.2025) to opt for
Unified Pension Scheme (UPS)
Posted On: 16 SEP 2025 7:42PM by PIB Delhi
The Unified Pension Scheme (UPS) for eligible Central Government employees was notified by the Ministry
of Finance, Government of India, vide Notification No. F. No. FX-1/3/2024 PR dated 24.01.2025.
In light of the recent clarifications and developments in the scheme, the Central Government has now decided
to extend a one-time option to Central Government employees who joined services on or after 01.04.2025 and
up to 31.08.2025, and who have opted for National Pension System, to migrate to the Unified Pension
Scheme.
This option may be exercised on or before 30.09.2025, in alignment with the cut-off date already prescribed
for other eligible categories under UPS.
This initiative aims to provide informed choice to Central Government employees in planning their post-
retirement financial security. By opting for UPS, the employees retain their choice for switch to NPS at a later
date.
Note: The last date for eligible employees and past retirees under NPS to opt for UPS is September
30, 2025.
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NB/AD
(Release ID: 2167325)