Panchkula, June 19 -- The Haryana government has amended the Unified Pension Scheme (UPS) to provide eligible government employees a one-time, irrevocable option to switch to the Haryana New Pension Scheme (NPS), according to a notification issued by the Finance Department today.
The amendment introduces a new provision allowing employees who have opted for the Unified Pension Scheme to migrate to the Haryana New Pension Scheme through a one-time option.
As per the amended rules, the option to switch from UPS to NPS can be exercised only once and must be submitted at least one year before the employee's date of superannuation. Employees who do not exercise this option within the stipulated period will continue to remain covered under the ...