ArthNow Logo
ArthNow
•5 min read•
✦Reported by Business Standard

UPS contributions: Centre clarifies rules for probation, suspension & leave

UPS contributions: Centre clarifies rules for probation, suspension & leave
Source: Business Standard

Executive Brief • Key Highlights

Fast factual intelligence distilled for busy investors, executives, and answer bots:

  • ✓The Department of Pension and Pensioners' Welfare issued memorandums on October 27 clarifying Unified Pension Scheme rules.
  • ✓Central government employees must make pension contributions during probation.
  • ✓However, staff can choose whether to contribute while under suspension.

Story at a Glance

Category
BUSINESS
Reported By
Business Standard
Reading Speed
5 Minute(s)
Market Focus
India Economy

The latest instructions also cover delayed deposits, restoration of investment units and who processes retirement benefits for employees on deputation.

Central government employees covered by the Unified Pension Scheme (UPS) cannot skip pension contributions during probation. However, they can choose whether to contribute while under suspension. Those absent from duty without pay or leave salary will not have to make contributions, and the government will not contribute on their behalf for that period.

The Department of Pension and Pensioners' Welfare (DoPPW) has issued a series of office memorandums (OMs) dated October 27, clarifying how contributions should be handled in these situations. The instructions cover probation, suspension, absence from duty, delayed deposits and employees retiring while on deputation.

🔒
Premium Content

Unlock the Full Story with ArthNow Premium

To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.

✓ Full Unabridged Reports✓ Executive Audio Briefs✓ 100% Ad-Free Reading
Verified Publication Source

Business Standard

Read the full, original unfiltered story directly on the publisher's portal.

Visit Original Article