• Feedback
  • RSS Feed
  • Sitemap
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Odisha

Odisha To Implement Unified Pension Scheme For State Govt Employees

OMMCOM NEWS by OMMCOM NEWS
February 8, 2025
in Odisha

Bhubaneswar: The Odisha government has decided to implement the Unified Pension Scheme (UPS) for the state government employees. The state Cabinet on Friday decided to implement this system for those employees who are considered eligible for pension under the NPS system.

The salient features of the Unified Pension Scheme (UPS) are:

  • Assured Pension: For a minimum qualifying period of 25 years, a pension of 50% of the average basic pay or basic pay earned in the 12 months preceding retirement will be available. Pension will be available pro rata for the period of service starting from a minimum period of 10 years up to 25 years.
  • Assured Family Pension: A family pension of 60% of the pension that the employee was drawing before death will be available.
  • Assured Minimum Pension: A monthly pension of Rs. 10,000 will be available after retirement after completing a minimum period of 10 years of service.
  • Inflation-adjusted pension: On top of guaranteed pension, guaranteed family pension and guaranteed minimum pension, dearness relief will be available for industrial workers in the case of service employees based on the Consumer Price Index.
  • Lump sum after retirement in addition to gratuity: One-tenth of the monthly salary drawn on the date of retirement will be available as a lump sum for every complete six months of service. The amount of guaranteed pension will not be reduced due to this amount.

Employees under NPS can decide to opt for UPS or remain affiliated with NPS.

In UPS, there will be a guaranteed family pension benefit in case of death of a government employee after retirement, which was not available in NPS.

Tags: Odisha Government
ShareTweetSendSharePinShareSend
Previous Post

Team India Arrive In Cuttack Ahead Of 2nd ODI Against England

Next Post

Anna Hazare Blames Kejriwal’s ‘Greed For Money’ For AAP’s Setback In Delhi Polls

Related Posts

Higher Education Minister Suryabanshi Suraj
Odisha

SC Upholds UGC View On Odisha University Appointments; Minister Promises Swift Reforms

May 8, 2025
Odisha Crime Branch
Odisha

Bhubaneswar Doctor Duped Of Rs 6 Cr In Investment Fraud; Third Accused Arrested

May 8, 2025
Odisha Crime Branch
Odisha

Odisha Crime Branch Nabs Key Accused In Rs 2.36 Cr Online Stock Fraud Case

May 8, 2025
Odisha

Two Flights Cancelled At Bhubaneswar Airport Due To Security & Technical Reasons

May 8, 2025
Hot And Humid, Thunderstorms
Odisha

IMD Issues Yellow Warning For Hot & Humid Conditions, Thunderstorms In Odisha

May 8, 2025
Hot-Weather
Odisha

IMD Issues Heatwave Alert; Hot And Humid Conditions Expected Till May 14

May 8, 2025
Next Post

Anna Hazare Blames Kejriwal’s ‘Greed For Money’ For AAP's Setback In Delhi Polls

Odisha Approves Antyodaya Gruha Yojana: 2.25L Affordable Houses By 2028

Odisha Approves Rs 4,124 Crore For Construction Of Stadiums In Every Block

Khimji
TPCODL
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.