Maharashtra Government Revises National Pension Scheme for Employees with Opt-In Option
National Pension Scheme: Maharashtra makes revised NPS opt-in for employees — Check deadline, minimum pay, other details
Mint
Image: Mint
The Maharashtra government has revised its National Pension Scheme (NPS), making it optional for current employees. Eligible employees can opt-in by December 31, 2026, to receive a pension based on their last drawn salary, with a minimum payout of ₹7,500 per month for those with at least 10 years of service.
- 01Maharashtra's revised NPS is optional for government employees, with a deadline of December 31, 2026.
- 02Employees with 20+ years of service will receive 50% of their last drawn salary as pension.
- 03Minimum pension payout is set at ₹7,500 per month for those retiring after 10 years of service.
- 04Family pension will be provided at 60% of the admissible pension.
- 05Employees who resign or have less than 10 years of service are not eligible for the revised benefits.
Advertisement
In-Article Ad
The Maharashtra government has announced a revised National Pension Scheme (NPS) that allows current employees to opt-in by December 31, 2026. This change permits employees to choose the new scheme, which aligns with the Central government's Unified Pension Scheme (UPS). Under the revised NPS, employees retiring after 20 years of service will receive a pension equal to 50% of their last drawn salary, plus dearness allowance. For those with 10 to 20 years of service, the pension will be proportionate to their service length. The minimum pension payout has been set at ₹7,500 (approximately $90 USD) per month for retirees with at least 10 years of service. Additionally, family pensions will be provided at 60% of the admissible pension. Employees who resign or have less than 10 years of service will not qualify for the revised scheme. A detailed procedure for disbursement under the new scheme will be released by the finance department.
Advertisement
In-Article Ad
This revised NPS provides a more flexible pension option for Maharashtra's government employees, potentially enhancing financial security for retirees.
Advertisement
In-Article Ad
Reader Poll
Do you think the revised NPS will benefit government employees in Maharashtra?
Connecting to poll...
More about Maharashtra government
Maharashtra Government Cracks Down on Illegal Farm Trade and Harmful Chemicals
The Indian Express • May 9, 2026
Maharashtra Pilot Test Reveals 15% of Auto Drivers Struggle with Marathi Language
The Indian Express • May 9, 2026
Bombay High Court Calls for Expert Review of 1971 Slum Law to Achieve Slum-Free Mumbai
The Indian Express • May 8, 2026
Read the original article
Visit the source for the complete story.