As we know, with the Govt. of India notifying the new pension regime - UPS, the Central Govt. employees covered under NPS would be given a one time, irrevocable option to opt for enrollment in to the UPS scheme.
While many of the Central Government employees are confused given the long service tenure most of them are left with, it would be worth if we could carry out a figures based comparative analysis for the same.
- Key documents
Before we proceed further, some important official web resources are listed as under:
| Document description |
Offlicial Web resource |
|---|---|
| PFRDA Gazette notification dated 25-01-2025(Introduction of UPS) |
eGazette link |
| PFRDA Gazette notification dated 19-03-2025 (Detailed regulations of UPS) |
eGazette link |
| OPS vs NPS vs UPS-Key differences, benefits and drawbacks |
CRA- Protean's link |
- The Comparative Analysis : UPS vs NPS
Now, coming to the analysis, we have developed a MS excel based application for the said comparison, that comprises of two methods :
- Method -1 : It is suitable for those who have joined in the last few years, preferably within the tenure of 7th CPC.
- Method -2 : It is suitable for all Central Govt. beneficiaries who are NPS beneficiaries. (This method is still under development)
- Download the Excel utility : <<Download Link>>
N.B.: This is a developing story.