Union Minister Jitendra Singh briefs about Pension scheme options

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According to media sources, A delegation of the All-India National Public Sector Employees Federation today called on Union Minister for Personnel, Public Grievances and Pensions Dr Jitendra Singh in New Delhi. During the meeting, they discussed issues related to different Pension Scheme options. Dr Singh briefed the delegation on the advantages of both the National Pension System (NPS) and the Unified Pension Scheme (UPS). He urged them to carefully assess and make an informed choice regarding their pension schemes. Dr Singh reiterated that the government’s priority is the welfare of employees, and these recent reforms were designed to provide a more secure, transparent, and beneficial pension system.
Dr Jitendra Singh emphasized the importance of technology in streamlining pension services, particularly highlighting the use of Facial Recognition Technology in delivering Jeevan Praman- Digital Life Certificates. This cutting-edge solution has greatly eased the process for pensioners, allowing them to submit their life certificates digitally with ease and security. The Union Minister also guided the Federation on the way forward, emphasizing the importance of continuous dialogue between the government and employees’ unions to ensure that the needs and concerns of pensioners and employees are addressed comprehensively.
During the meeting, the Employees Federation representatives conveyed their appreciation to Dr Singh for the recent amendments in the National Pension System (NPS), which include key enhancements such as the increase in government contribution from 10 per cent to 14 per cent. The Federation also expressed gratitude for the introduction of the Unified Pension Scheme (UPS), which aims to streamline pension schemes for better management and greater benefits for employees across various sectors. It further commended the Department of Pensions and Pensioners Welfare (DoPPW) for its proactive approach and significant initiatives that have substantially improved the pension system.

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