Rules, Rights & Rites -159
I usually post all important items related to official rulings, union news, and other general matters on my YouTube channels: Yourskayveeyes (English) and Anbudan Kayveeyes (Tamil).
However, due to the recent spate of orders and the high volume of information being received, I have not been able to convert every item into a video. Therefore, I am introducing these new slots to post current matters and updates that have not yet been published on YouTube. This ensures you stay informed on every detail, even if a video hasn't been made yet …………….Kayveeyes
Parliament Reply on Pension Schemes
• The reply to the Unstarred Question No. 2308 in the Lok Sabha on December 15, 2025, from the Ministry of Finance regarding the implementation of the Old Pension Scheme (OPS)
• The Government has no proposal under consideration for the restoration of the Old Pension Scheme (OPS) for Central Government employees who are currently covered under the National Pension System (NPS) or the Unified Pension Scheme (UPS).
• The State Governments of Rajasthan, Chhattisgarh, Jharkhand, Punjab, and Himachal Pradesh have informed the Pension Fund Regulatory and Development Authority (PFRDA) of their decision to restart the OPS for their respective state employees.
• There is no provision under the PFRDA Act, 2013, or its related regulations to refund and deposit the accumulated corpus (Government and Employees' contributions plus accruals) of the National Pension System (NPS) subscribers back to the State Governments.
• The UPS is a fund-based Pension System that depends on the regular and timely accumulation and investment of contributions from both the employee and employer to ensure payouts.
• There is no provision for returning the contribution deducted from the employees' salary during their service once the payout commences.
• However, a UPS subscriber or their legally wedded spouse has an option to withdraw an amount not exceeding 60% of the individual or benchmark corpus available in the PRAN (Permanent Retirement Account Number). This withdrawal is subject to a proportionate reduction in the assured payout payable to the subscriber.
• Upon retirement, a subscriber under the UPS is eligible for the following assured benefits:
• 50% of the average basic pay drawn over the last 12 months prior to superannuation for a minimum qualifying service of 25 years. This payout is proportionate for lesser service periods, down to a minimum of 10 years.
• 60% of the payout admissible to the employee immediately before their demise, payable to the legally wedded spouse.
• ₹10,000 per month on superannuation after a minimum of 10 years of qualifying service.
• Dearness Relief (DR) is provided on the assured payout, assured family payout, and assured minimum payout. DR will be based on the All India Consumer Price Index for Industrial Workers (AICPI-IW).
• A payment at the rate of 1/10th of monthly emoluments (basic pay + DA) for every completed six months of service, in addition to gratuity. This lump sum payment will not reduce the quantum of the assured payout.
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