According to the notification issued by the General Administration Department, this holiday will be applicable in all government offices, which means that government offices in Delhi will remain closed on this day.

The notification states that this holiday has been declared on the occasion of Ambedkar Jayanti on Monday, 14 April on the instructions of Lieutenant Governor VK Saxena. Information about this order has also been sent to the Chief Minister of Delhi, Speaker of the Legislative Assembly, ministers, Municipal Corporation and other related departments so that this order can be fully followed.

Dr. Ambedkar’s birth anniversary is considered a symbol of social justice and equality. Baba Saheb played an important role in the creation of the Indian Constitution and his ideas still inspire society. This day will be celebrated with reverence and respect, and this holiday is a way to honor his achievements.

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UPS for central government employees from April 1, 2025. This scheme will work as an alternative to the existing National Pension System (NPS) and aims to provide better financial security to the employees after retirement.

What is Unified Pension Scheme?

The Unified Pension Scheme is a new structure designed to provide more stable and reliable pension benefits than the National Pension System (NPS). Under this scheme, employees will get a pension of 50% of their last salary.

NPS VS New UPS

NPS- NPS is market based, which means the pension amount depends on market conditions. Employee’s contribution is 10%, and government’s contribution is 14%.

UPS- Unlike NPS, UPS is not market based and guarantees a pension of 50% of the last salary. The government’s contribution has increased to 18.5%, while the employee’s contribution will remain the same. Please note that at least 10 years of service is required to get pension through UPS.

Who is eligible for Unified Pension Scheme?

The Unified Pension Scheme is currently available to all central government employees under NPS and are willing to switch to the new scheme.

Why was this decision taken?

In April 2023, a panel headed by Finance Secretary TV Somanathan recommended restructuring of the NPS. This led to the creation of the Unified Pension Scheme, aimed at providing greater financial security to government employees.

When will the Unified Pension Scheme become effective?

The Unified Pension Scheme will be effective from April 1, 2025. According to Cabinet Secretary TV Somanathan, UPS will be more beneficial for employees in 99% of cases, although some exceptional cases may remain under NPS. Let us tell you that this decision of the government will benefit about 23 lakh government employees and 12 lakh pensioners. The Unified Pension Scheme is expected to reduce their financial worries during retirement, improve their overall lifestyle.

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