Which is better NPS or OPS for government employees?

OPS guarantees 50% of last basic pay as pension (indexed to DA), fully funded by the government. NPS is market-linked — better in a bull market but carries risk. The government's Unified Pension Scheme (UPS) is a middle ground promising 50% of average basic pay.

Will OPS be reinstated for central government employees?

Several state governments (Rajasthan, Himachal Pradesh, Punjab, Chhattisgarh) have announced OPS reversion. The central government launched the Unified Pension Scheme (UPS) effective April 2025 as an assured pension alternative.

What is EPS pension in India?

EPS (Employees' Pension Scheme) provides pension to organized sector employees. Formula: Monthly Pension = (Pensionable Salary × Pensionable Service) / 70. Maximum pensionable salary is currently capped at ₹15,000.

NPS vs OPS / EPS ComparatorFY 2026-27

Detailed comparison of National Pension System (NPS) against Old Pension Scheme (OPS) for government employees, with EPS pension calculation.

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Quick Summary: NPS vs OPS / EPS Comparator

The NPS vs OPS Comparator helps government employees evaluate the shift from market-linked pensions to assured benefits. Under the new Unified Pension Scheme (UPS) effective from April 2025, employees are promised 50% of their last 12 months' average basic pay as pension, combining the security of OPS with the funding structure of NPS in FY 2026-27.

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Last verified May 2026

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