Retirement Scheme Comparison: GPS, UPS, NPS

Disclaimer: This calculator is based on the information available today. If the government makes any changes in this UPS/GPS/NPS scheme in the future, it will change. Also, this calculator is only a guide, it is not perfect. So, you should study it yourself and then take the final decision.

This UPS, GPS, and NPS Pension Comparison Calculator Uses Following Rules

1. UPS Pension Scheme Calculation

Required Contribution Years for full benefits: 25 years
Minimum Guaranteed Pension: ₹10,000
Formula for UPS Pension:
- If contribution years ≥ 25: Pension = (Avg Salary / 2) * (1) * (Personal Corpus / Benchmark Corpus)
- If 10 ≤ contribution years < 25: Pension = max((Avg Salary / 2) * (Contribution Years * 12 / (25 * 12)) * (Personal Corpus / Benchmark Corpus), 10,000)
- If contribution years < 10: Pension = max(2% × Last Salary × Contribution Years, 10,000)

2. GPS (Guaranteed Pension Scheme) Calculation

Required Contribution Years for full benefits: 20 years
Minimum Guaranteed Pension: ₹7,500
Formula for GPS Pension:
- If contribution years ≥ 20: Pension = (Avg Salary / 2) * (1) * (Personal Corpus / Benchmark Corpus)
- If 10 ≤ contribution years < 20: Pension = max((Avg Salary / 2) * (Contribution Years * 12 / (20 * 12)) * (Personal Corpus / Benchmark Corpus), 7,500)
- If contribution years < 10: Pension = max(2.5% × Last Salary × Contribution Years, 7,500)

3. Benchmark Corpus Calculation

Formula: Benchmark Corpus = Avg Contribution × Total Service Years × 12

4. Gratuity Calculation under NPS

Retirement Gratuity:

1/4th of the last drawn emoluments (Basic Pay + DA) for each completed 6-month period of qualifying service.
Maximum gratuity payable: 16.5 times the emoluments, subject to a ceiling of ₹10 lakhs.

Death Gratuity:

If a government servant dies while in service, death gratuity is paid to the family.
Gratuity depends on the length of qualifying service.
Maximum amount payable: ₹10 lakh.

5.Key Points.

1: If your DCPS amount transfered late by 2 or 3 years in Nps less them from Contribution Years.

2: If you input your current total corpos of Nps in below calculation form field no 2 ,kindly input remainig service of Contribution of Nps in field no.3 in below calculation form.

3: If you input your Initially (at the joining time of Nps) total corpos of Nps in below calculation form field no 2 ,kindly input total contribution years from end to Retirement of Nps in field no.3 in below calculation form.

4:Ups and Gps pention depend on last year average Salary of employee.

5:Benchmark corpos condition applied both in Ups also in Gps but currently Benchmark corpos in Gps exits or not, no confirmation.By this condition if employees corpos reduced then bechmark corpos, than thier pention also will be reduced respectively.

6:Gratuity exits or not in Ups not cleared but assumed it will be available.

Retirement Scheme Comparison Calculator

Compare GPS (Maharashtra), UPS (Central Gov), and NPS (National Pension System)

1)Total Service Years

2)Initially(at joining Nps) or Current Nps (or Dcps if not transferd in Nps) Corpos:

3)Total Contribution Years (For Nps after Joining Nps) or Total Remaining Contribution Years for Nps:

4)Expected Market Return (8% per year compound.You can change it.Subject to market risk.) (for NPS)

5)Last 12-Month Avg. Basic (Like 100000₹.Assumed)

6)DA Rate (% May be changed at the time of retirement.You can also change it as your own assumed.)

7)Total Contribution Years:(For Ups/Gps,include all years including in the period of dcps/nps)

8)Employee & Employer Contribution (Avg. Monthly Over Service Assumed, Like 20000₹)

9)UPS Withdraw Amount ₹ (if employee withdrew any amount before or on retirement upto 60% of self corpos)

Scheme / Benefit	Amount (₹)
Corpos
Personal Corpus(Ups/Gps)
Bechmark Corpos
UPS
UPS Monthly Pension:(Depend on Last Year Average Basic)
UPS Gratuity (Net Cash)
UPS Lumpsum Amount (Net Cash)
UPS Pension Without Withdrawal
UPS Pension With Withdrawal(If employee withdraw any amount upto 60% of self corpos during service or on retirement)
UPS Pension Reduction Due to Withdrawal
Family Pention:	Yes.(In case of the pensioner’s death, 60% of the pension amount immediately before the retiree’s demise will be given to her/his family. )
GPS
GPS Monthly Pension:(Depend on Last Year Average Basic)
Family Pention:	Yes
NPS
NPS Monthly Pension
NPS Personal Corpos 100%
NPS 60% Withdrawable Amount
Family Pention:	Yes.(If death before retirement,nominee will get self contibution with interes+family pention 50% of last salary for 10 years after this 30% of last salary.)
NPS Retirement Gratuity
NPS Death Gratuity