Question
The Unified Pension Scheme (UPS) has been based on the
recommendations of which of the following committee?Solution
Due to p ersistent demands for reverting back to Old Pension Scheme (OPS) , the government established a committee in 2023 led by T V Somanathan . The recommendations of the committee have led to the introduction of the new Unified Pension Scheme (UPS) which was approved by the government to be effective from April 01, 2025.
- The scheme will be effective from 1st April, 2025 with central government employees shifting to UPS from the current National Pension System (NPS).
- State governments will also have the option to adopt the Unified Pension Scheme. Choice, once exercised, will be final.
- Provisions of UPS will also apply to past retirees of NPS (who have already superannuated).
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