UPS Extension Notification

 

UPS Extension Notification

• 📌 Subject: Extension of the deadline for opting into the Unified Pension Scheme (UPS)

• 📅 Effective Date: UPS implemented from April 1, 2025

• 👥 Eligible Groups:

  • Existing employees

  • Past retirees

  • Legally wedded spouses of deceased past retirees

• ⏳ Previous Deadlines:

  • Initial deadline: June 30, 2025

  • First extension: September 30, 2025

• 🔄 New Changes Under UPS:

  • Switch option

  • Benefits on resignation/compulsory retirement

  • Tax exemptions

• ✅ New Deadline:

  • Further extended to November 30, 2025

• 🔧 Action Required:

  • PFRDA to update CRA systems, regulations, and issue circulars

• 📞 Contact:

  • Director Surjith Karthikeyan

  • Tel: 23748772