What is UPS: UPS was approved by the Centre on Saturday. Under this, employees will have to contribute 10 percent just like NPS. Whereas, the government will contribute 18.5 percent. Under this, an employee who works for 25 years will be given a guaranteed 50 percent pension.

UPS in Maharashtra: After getting approval for the Unified Pension Scheme (UPS) from the central government, Maharashtra has implemented it. With this, Maharashtra has become the first state to offer UPS to government employees. The Modi government had announced the Unified Pension Scheme during the Union Cabinet meeting on Saturday. Along with implementing UPS, the Maharashtra government has also given the option to switch from NPS to UPS. This decision has been taken in Maharashtra a few months before the assembly elections in the state.

Employees appointed after 2004 will benefit

Let us tell you that after the approval of UPS by the Center, the central employee organizations were demanding its implementation from the state governments. Under UPS, employees will be given 50% of the average basic salary of the last 12 months as a pension. There is also a facility for inflation adjustment in this. This decision has been taken to fulfill the demand of such government employees who were appointed in the year 2004 and after.

23 lakh central employees

can benefit from the new pension scheme of the central government. If all the states implement this scheme, then more than 90 lakh employees will benefit from it. Employee leaders have demanded the states implement the new pension scheme. They said that political parties should not do politics on this issue. Although employees considered the old pension scheme to be the best, they are also happy with the new scheme.

90% of the rules of the old pension scheme have been included

Shiv Gopal Mishra, Secretary (Staff Side) of the National Council of All India Railwaymen Federation and JCM, said that we should work wisely. We should see what we can get and what the government can give. 90% of the rules of the old pension scheme have been included in the new pension scheme, so we are happy. The government is working on a lump sum amount, which the employees will get at the time of leaving the job. Mishra said that in this situation, nothing can be better than the new pension scheme.

He said that state government employees and their organizations are also fighting to make good rules for those who have joined the job since January 2004. Therefore, they will also demand from the state governments to implement this scheme quickly. Cabinet Secretary TV Somanathan, who led the panel reviewing NPS, said that the UPS template of the Center can be replicated by the states. He had said that more than 99% of the employees covered under NPS will benefit from shifting to UPS.