Old Pension Scheme vs New Pension Scheme vs Unified Pension Scheme

	OLD PENSION SCHEME	NEW PENSION SCHEME	UNIFIED PENSION SCHEME
Pension	50% of last month's salary DA after completing 10 years of service	40% is invested in stock market and small dividend from it is given as pension But it has no DA	Completing 25 years of service will be paid 50% of the average basic salary of the last 12 months in pension 20 years service means 40% pension 10 years ETTESELO 20% OUVÉTTEPIO
Taking money	Withdraw money from PF as per requirement Final can be taken monthly	Service may take 60% of total amount 3 times.	Employee's share is 10% Government share is 10% and Individual Pension Fund- will be maintained by Govt Remaining 8.5% U will be maintained as Corpus Fund Pension Fund Employee 1 can withdraw up to 60% But the pension will decrease accordingly
Monthly withdrawals	Nothing Government gives share as pension	10% Basic Pay DA Government Share 14% DA	10% Basic Pay + DA Government share is 18.5% DA
Family Pension	Spouse has After him to (unmarried/widowed/divorced daughter Disabled son also gets pension	Only spouse gets pension and heirs have no pension 40% of the annuity amount is available to the nominee on death of the spouse	60% of the pension amount will be paid to the spouse along with DA No pension for heirs. Nominees will not get any annuity amount after death of spouse
Revision of Pension	Pension will be hiked with every pay commission	No	No
Commutation	There is a facility to pay 40% of the total pension to the government and receive it in advance DA is available for total pension even after commutation After 15 years 40% of commutation pension will come back	No.	No
Voluntary Rest (VR)	Those service VR can be given last month Basic Pay-6050% interest DA will be provided	if he has more than 2.5 lakhs in his account with PFRDA 80% will be invested in stock market for pension and remaining 20% will be given as lump sum	VR can be given after 25 years of service But the pension starts only after the completion of 60 years
Lumpsum Amount	100% PF money with interest and during rest will be provided	60% of employee's sevings in PERDA account will be paid during retirement	Total service will be calculated at the rate of 1/10U of basic pay for six months service plus DA IS months pay DA for 25 years service 2 months pay +DA for 10 years service)