option to choose between the National Pension System (NPS) and the Unified Pension Scheme (UPS).
This chance is available to employees who joined service between 1 April 2025 and 31 August 2025.
These employees are currently enrolled in NPS but can switch to UPS if they want. The last date to make this change is 30 September 2025.
Deadline and Flexibility
According to the Finance Ministry, employees can exercise this option until 30 September 2025. The aim is to ensure better financial security after retirement.
An added benefit is flexibility—if someone chooses UPS now, they can shift back to NPS in the future.
This way, employees have the freedom to pick the pension plan that best suits their needs.
What is the UPS Scheme?
UPS is a fund-based pension system where both the employee and the central government contribute every month. After retirement, the employee receives a monthly pension.
Guaranteed minimum pension of ₹10,000 per month (if the employee has completed at least 10 years of service).
Pension amount is linked to the last salary drawn.
UPS vs. NPS: Key Differences
NPS: Market-based, investments go into assets like stocks and bonds. Returns depend on market performance.
UPS: Pension is guaranteed, with a fixed minimum of ₹10,000.
In NPS, the pension is based on the total retirement corpus. In UPS, you are assured of a minimum pension amount.
How to Shift from NPS to UPS Online?
The government has set up a simple online process on the eNPS portal:
Visit the eNPS portal.
Select NPS to UPS Migration option.
Enter your PRAN number and date of birth.
Complete OTP verification.
Read and accept the declaration, then e-Sign it.
Enter Aadhaar/VID OTP and verify.
Once successful, you will receive an Acknowledgement Number and can download the confirmation form.
