A new pension program is set to provide advantages for employees of the central government. The Union Cabinet, under the leadership of Prime Minister Narendra Modi, approved a new pension policy on Saturday that will benefit approximately 2.3 million central government employees. This policy introduces a framework that guarantees a monthly payout equivalent to 50% of the basic pay, addressing the concerns of federal staff unions that have advocated for assured retirement benefits. In April 2023, Modi established a committee chaired by the then Finance Secretary, TV Somanathan, to revise the existing pension system, known as the New Pension Scheme (NPS). This initiative was prompted by widespread dissatisfaction, which escalated into a political issue, leading some opposition-led states to revert to the older, financially burdensome Old Pension Scheme (OPS). The newly introduced system, termed the Unified Pension Scheme (UPS), will provide 50% of the average basic pay earned by a fed