The newly introduced Unified Pension Scheme (UPS), provides a one- time option for existing National Pension System (NPS) members to transition to UPS. It has been clarified that employees opting for UPS will now have the choice to avail benefits either under the UPS itself or under the Central Civil Services (Pension) Rules, 2021 (OPS), or the Central Civil Services (Extraordinary Pension) Rules, 2023, in scenarios of death during service or discharge due to invalidation or disablement. Employees are required to exercise this option in Form 1 at the time of joining or as soon as possible for existing employees, and they can revise their choice multiple times before retirement.
