The Ministry of Finance has extended the cut-off date for exercising the option under the Unified Pension Scheme (UPS) by three months, i.e., up to September 30, 2025. This extension applies to eligible existing employees, past retirees, and the legally wedded spouses of deceased past retirees. The UPS was notified by the Ministry of Finance, Government of India, on January 24, 2025, vide Notification No. F. No. FX-1/3/2024-PR. The Pension Fund Regulatory and Development Authority (PFRDA) notified the PFRDA (Operationalisation of the Unified Pension Scheme under NPS) Regulations, 2025 on March 19, 2025. Originally, these individuals were given a three-month period up to June 30, 2025, to exercise their option under the scheme. The extension was granted in response to requests from various stakeholders. This information was posted on June 23, 2025, at 5:55 PM by PIB Delhi (Release ID: 2138960).
Key Entities Referenced
Unified Pension Scheme (UPS): Pension scheme for eligible Central Government employees; the subject of the cut-off date extension.
Pension Fund Regulatory and Development Authority (PFRDA): The regulator who notified the operationalisation of the UPS.
Ministry of Finance: The ministry that notified the UPS initially.
PFRDA (Operationalisation of the Unified Pension Scheme under NPS) Regulations, 2025: Regulations governing the operationalisation of the UPS.
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 of Finance, Government of India, vide Notification No. F. No. FX-1/3/2024-PR dated 24th
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 19th March 2025.
As per the regulations, eligible existing employees, past retirees, and the legally wedded spouses of
deceased past retirees were given a period of three months i.e., upto 30th 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 months i.e., upto 30th 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)
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