Pension Scheme 2025 Many important changes have been made recently about this. The Government of India has improved schemes like Employees’ Pension Scheme (EPS) and Unified Pension Scheme (UPS), which aims to provide better pension benefits to government and private sector employees. Under these changes, employees are likely to get more financial security to live a better life after retirement. In this article, we will discuss these pension schemes in detail and try to find out whether pension can be received even at the age of 50.
What is new in Pension Scheme 2025?
The government has made some significant changes in EPS-95 and UPS. Under these changes, the EPS-95 proposes to increase the minimum amount of pension to ₹ 7,500, which is much more than the current ₹ 1,000. In addition, Unified Pension Scheme (UPS) has been introduced, which provides a structured pension scheme for central government employees. Under UPS, employees will get 50% pension of the average basic salary of the last 12 months of their service.
Description of schemes under Pension Scheme 2025
EPS-95: Under this scheme, employees get pension on their salary and service basis. Recently, the minimum amount of pension has been proposed to up to ₹ 7,500, which will make the living of pensioners easier. Under this, employees require a minimum service of 10 years and get full pension at the age of 58, although less pension can be received at 50 years.
Unified Pension Scheme (UPS): UPS is for central government employees. In this scheme, employees get 50% pension of their last 12 months average basic salary. The UPS has a minimum service of 10 years and pension is available after 60 years.
Benefits of Pension Scheme
Benefits of EPS-95,
- Minimum pension ₹ 7,500: The minimum amount of pension under this scheme can be ₹ 7,500.
- Pension Payment: Pension can be obtained from any bank branch, which facilitates pensioners.
- Family pension: After the death of the pensioner, his family also gets 60% pension.
Benefits of UPS,
- 50% pension of the average basic salary of the last 12 months of service.
- Family pension: On the death of a pensioner, the family gets 60% pension.
- Lump Sama Payment: A lump equal payment is also available on retirement, which is based on their final salary.
Can you get pension at the age of 50?
Currently, under the Pension Scheme, the entire amount of pension in EPS-95 is available at 58 years of age, but at the age of 50 you can get less pension. This low pension is less than the amount that is found at the age of 58 years. Pension in UPS is available after 60 years, so it is not possible to get pension at the age of 50. However, there are some other options such as disability benefits, which you can get even at the age of 50.
Eligibility Criteria for Pension Scheme
EPS-95 For
- 10 years minimum service Is necessary.
- 58 years old But you get complete pension, while less pension can be received at the age of 50 years.
- Pension is also available in case of disability.
Ups For
- 10 years minimum service Is necessary.
- Pension is available after 60 years.
- 25 years service After voluntary retirement, pension can also be received.
Future of pension scheme
In the coming time, there is a possibility of further improvement in pension schemes. The use of techniques like Aadhaar-Based Payment System can make the pension payment process even more convenient. In addition, Unified Pension Scheme (UPS) can be adopted by more states, which will benefit more employees.
Kanklujan
Pension Scheme 2025 Under, both EPS-95 and Unified Pension Scheme (UPS) schemes provide better pension benefits to government employees after retirement. However, it is not possible to get pension at the age of 50, but some options are available as low pension or disability benefits. Through these schemes, employees get a strong financial security, so that they can live their lives comfortably after retiring.
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