The Indian Railway's new Unified Pension Scheme (UPS) is set to be implemented from April 2025, affecting 23 lakh central government employees, including 70,778 on the Central Railway. This scheme offers a guaranteed pension of 50% of the average basic salary of the last 12 months of service, a guaranteed family...
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pension of 60% of the pension upon the employee's death, a minimum guaranteed pension of INR 10,000 per month after 10 years of service, and a lump sum payment upon retirement. The scheme also includes inflation-linked adjustments to pensions. Notably, previous employees under the old pension scheme can also opt for the UPS, and the government will be providing additional contributions to fund the scheme.