Question
A n eligible employee can exercis e the option for UPS
, as per the PFRDA ( Operationalisation of the Unified Pension Scheme under NPS) Regulations, 2025, up to the extended date of ________Solution
- The Regulation 3 (2) ( i ) of PFRDA ( Operationalisation of the Unified Pension Scheme under NPS) Regulations, 2025, dated 19 th March, 2025, provided that the exercise of option in respect of an eligible employee to be covered under Unified Pension Scheme (UPS) was to be taken within 3 months from 1 st April, 2025. This timeline was extended b y the Central Government, by three months to 30 th September 2025 for following: Β
- E xisting Central Government employees in service as of April 01, 2025, covered under NPS Β
- past retirees, and the legally wedded spouses of deceased past retirees Β
The average time until the cash flows on the bond is received:
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