New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Question

    The Unified Pension Scheme (UPS) has been based on the

    recommendations of which of the following committee?
    A Dr. S A Dave Committee Correct Answer Incorrect Answer
    B Mr. T. V. Somanathan Committee Correct Answer Incorrect Answer
    C Mr. Janki Ballabh Committee Correct Answer Incorrect Answer
    D Mr. L.S. Kaushik Committee Correct Answer Incorrect Answer
    E Mr. Anand Bordia Committee Correct Answer Incorrect Answer

    Solution

    Due to p ersistent demands for  reverting back to Old Pension Scheme (OPS) , the government established a committee in 2023 led by  T V Somanathan . The recommendations of the committee have led to the introduction of the new  Unified Pension Scheme (UPS) which was approved by the government to be effective from April 01, 2025.    

    • The scheme will be effective from 1st  April, 2025 with central government employees shifting to UPS from the current National Pension System (NPS).  
    • State governments will also have the option to adopt the Unified Pension Scheme. Choice, once exercised, will be final.  
    • Provisions of UPS will also apply to past retirees of NPS (who have already superannuated).  
     

    Practice Next

    Relevant for Exams: