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Cabinet approves Unified Pension Scheme

Published By : Admin | August 24, 2024 | 20:48 IST

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved the Unified Pension Scheme (UPS).

The salient features of the UPS are:

  1. Assured pension: 50% of the average basic pay drawn over the last 12 months prior to superannuation for a minimum qualifying service of 25 years. This pay is to be proportionate for lesser service period upto a minimum of 10 years of service.
  2. Assured family pension: @60% of pension of the employee immediately before her/his demise.
  3. Assured minimum pension: @10,000 per month on superannuation after minimum 10 years of service.
  4. Inflation indexation: on assured pension, on assured family pension and assured minimum pension

Dearness Relief based on All India Consumer Price Index for Industrial Workers (AICPI-IW) as in case of service employees

  1. lump sum payment at superannuation in addition to gratuity

1/10th of monthly emoluments (pay + DA) as on the date of superannuation for every completed six months of service this payment will not reduce the quantum of assured pension

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Prime Minister shares Sanskrit Subhashitam highlighting the values of compassion and contentment
August 24, 2026

The Prime Minister, Shri Narendra Modi, said that compassion brings self-respect and contentment brings true happiness. He noted that this spirit further strengthens the bonds of cooperation and harmony in society.

The Prime Minister shared a Sanskrit Subhashitam-

“कारुण्येनात्मनो मानं तृष्णां च परितोषतः।

उत्थानेन जयेत्तन्द्रीं वितर्कं निश्चयाज्जयेत्॥”

The Subhashitam conveys that self-respect is achieved by showing kindness or compassion to others. Greed is overcome by being satisfied at one's fortune in life. One must conquer laziness, dubious reasoning and indecisiveness by exertion and entrepreneurship.

The Prime Minister wrote on X;

“करुणा से आत्म-सम्मान और संतोष से सच्ची खुशी मिलती है। इसी भाव से समाज में सहयोग और सद्भाव की डोर और सशक्त होती है।

कारुण्येनात्मनो मानं तृष्णां च परितोषतः।

उत्थानेन जयेत्तन्द्रीं वितर्कं निश्चयाज्जयेत्॥”