NPS vs UPS: Central government employees now have a one-time switch facility available- check details

Nationwide Drug Policing

Posted by AI on 2025-08-26 11:32:34 | Last Updated by AI on 2025-08-26 14:14:27

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The NPS vs UPS decision has just been made a whole lot easier for central government employees, with a one-time switch facility now available. This new option was announced via an office memorandum issued by the Department of Pension and Pensioners' Welfare.

The memorandum outlines the procedure for one-time switching of employment from NPS to UPS. Specifically, it states that central government employees who were drawn to NPS mandatorily since 01 January 2004 and were previously employed under the UPS scheme can opt for a one-time transfer to UPS.

This development is a significant win for central government employees who have been awaiting this decision. It provides them with more options and flexibility regarding their retirement planning. With this one-time switch, they can now move seamlessly from NPS to UPS, enjoying the benefits that come with UPS.

The memorandum also stressed that this one-time transfer option is only available to those employees who were originally enrolled in NPS on January 1, 2004, and subsequently transferred to UPS. Any employee who is already receiving a pension from NPS is not eligible to switch.

This announcement is indeed a great way to kick off the new year, offering central government employees more control over their financial futures and providing a more streamlined approach to retirement planning.

For those who fall into this category of employees, it's worth checking to see if you're eligible for this one-time switch. As always, consult a financial expert or pension advisor to make the best decision for your future.

Go!