Section 1 of The Unified Pension Scheme: Short Title and Commencement
Short Title and Commencement Unified Pension Scheme
(1) These regulations may be called the Pension Fund Regulatory and Development
Authority (Operationalisation of Unified Pension Scheme under National Pension System) Regulations, 2025.
(2) The objective of these regulations is to lay down the framework to operationalise the UPS notified by the Central
Government in the Ministry of Finance vide notification number F. No. FX-1/3/2024-PR, dated the 24th January 2025,
and to define the obligations, roles and responsibilities of intermediaries and such Central Government offices as are
involved with implementation thereof, and for matters connected therewith or incidental thereto.
(3) These regulations shall come into effect from 1st April 2025.