Discussion about the Pension Scheme 2025 is in full swing in recent times. The Government of India has recently made significant changes in schemes like Employees’ Pension Scheme (EPS) and Unified Pension Scheme (UPS). The main objective of these changes is to provide better pension benefits to government and private sector employees. In this article, we will discuss these schemes in detail and try to find out if it is possible to get pension even at the age of 50.
Under the Pension Scheme 2025, the EPS-95 proposes to increase the minimum amount of pension to ₹ 7,500, which is much more than the current ₹ 1,000. In addition, Unified Pension Scheme (UPS) has also been introduced, which provides a structured pension scheme to central government employees. Under this scheme, employees will get 50% pension of the average basic salary of the last 12 months of their service.
Pension Scheme 2025 overview
| Name of the scheme | Description |
| EPS-95 | The scheme provides regular pension to employees after retirement. The minimum pension amount can be ₹ 7,500. |
| Unified Pension Scheme (UPS) | This scheme is for central government employees, which gives them 50% pension of the last 12 months of service. |
| Eligibility criteria | EPS-95 required at least 10 years of service, while the minimum pension with 10 years of service for UPS is ₹ 10,000. |
| Pension payment | Pension under EPS-95 can be obtained from any bank branch, while UPS will also have the same facility. |
| Minimum pension amount | ₹ 7,500 in EPS-95 and ₹ 10,000 per month in UPS. |
| Family pension | In UPS, the family gets 60% pension on the death of a pensioner. |
| Benefit | Both schemes provide financial security after retirement. |
Main aspects of pension schemes
EPS-95 Pension Scheme
The EPS-95 pension scheme is operated by Employees’ Provident Fund Organization (EPFO). Under this scheme, employees get pension on the basis of their service and salary. Recently, the scheme has been proposed to increase the minimum amount of pension to ₹ 7,500, which is much more than ₹ 1,000. This change has been made to make livelihood easier for pensioners.
Unified Pension Scheme (UPS)
Unified Pension Scheme (UPS) has been launched for central government employees, which provides them a structured pension scheme. Under this scheme, employees will get 50% pension of the average basic salary of the last 12 months of their service. This plan is for employees who are included in the National Pension System (NPS) and gives them the option to switch to UPS.
Benefits of pension schemes
Benefits of EPS-95
- Minimum pension amount: The minimum amount of pension in EPS-95 can be ₹ 7,500, which is much more than the current ₹ 1,000.
- Pension Payment: Pension can be obtained from any bank branch, which facilitates pensioners.
- Family benefits: The family also gets financial assistance on the death of the pensioner.
Benefits of UPS
- Unsecured pension: In UPS, employees get 50% pension of the average basic salary of the last 12 months of their service.
- Family pension: On the death of a pensioner, the family gets 60% pension.
- Lump Sama Payment: A lump equal payment is also available on retirement, which is based on their final salary.
Eligibility criteria for pension schemes
Eligibility for EPS-95
- Period of service: Service of at least 10 years is required.
- Pensionable age: Full pension is available at the age of 58, while less pension can be obtained at 50 years.
- Disability Benefits: Pension is also available in the event of severe disability.
Eligibility for UPS
- Period of service: Service of at least 10 years is required.
- Pensionable Age: Pension is received after retirement.
- Voluntary Retirement: After 25 years of service, pension is also received on voluntary retirement.
Future of pension schemes
In the future, there is a possibility of further improvement in pension schemes. The pension payment process can be even more convenient by including techniques such as Aadhaar-Based Payment System. In addition, Unified Pension Scheme can be adopted by more states, which will benefit more employees.
Can you get pension at the age of 50?
Currently, in EPS-95, the entire pension amount is available at the age of 58, but less pension can be found at the age of 50. It is a low pension amount and less than full pension. In UPS also pension is also found after retirement, which is usually at the age of 60 years. Therefore, it is not possible to get full pension at the age of 50, but low pension or other options can be availed.
conclusion
Under the Pension Scheme 2025, both EPS-95 and Unified Pension Scheme (UPS) are designed to provide better pension benefits to employees. Through these schemes, government and private sector employees will get financial security after retirement. However, it is not possible to get full pension at the age of 50, but low pension or other options can be availed.
Disclaimer: This article is for general information and does not give personal advice about any specific pension scheme. For detailed information about the pension scheme 2025, it would be appropriate to contact the concerned government website or authority.
