Month One: Introduction of the Unified Pension Scheme (UPS) The UPS is a new pension scheme rolled out for central government employees from April 1, 2025, providing eligible employees with a fixed pension equal to 50 percent of their average basic salary. The scheme is governed by the Pension Fund Regulatory and Development Authority (PFRDA), and the regulations for its operationalization were announced on March 19, 2025. The regulations come into effect from April 1, 2025, and are applicable to existing employees, new recruits, and former employees who have already superannuated or retired. Month Two: Understanding the Eligibility Criteria To be eligible for the UPS, a central government employee must have a minimum service tenure of 25 years.
This includes existing employees in service as of April 1, 2025, new recruits, and former employees who superannuated or retired on or before March 31, 2025. The option to participate in UPS must be exercised by the employee within six months from the date of superannuation or retirement.
In case of death of a subscriber who has superannuated or retired under Fundamental Rules 56(j) on or before March 31, 2025, his or her legally wedded spouse is eligible for UPS. Month Three: Evolution Process of UPS and Rights Issue of Fusion Finance Warburg Pincus, a leading global investment firm, has been reported to lead the rights issue of Fusion Finance, an India-based non-banking financial company, despite offloading stake in other portfolio companies. The rights issue, valued at INR 800 crores, aims to augment Fusion Finance’s capital adequacy and strengthen its balance sheet. This move comes amid a downturn in India’s microfinance sector and repayment issues faced by microfinance institutions (MFIs). Month Four: IFC’s Report on Cambodia’s Financial Sector The International Finance Corporation (IFC) reported that Cambodia’s financial sector, despite experiencing significant challenges, has remained resilient, continuing to serve as a key pillar of economic stability. However, the industry is grappling with rising non-performing loans (NPLs) and a slowdown of loan growth, which have impacted the sector’s profitability.
IFC projects that loan growth will slow to single-digit figures in 2024 and 2025, with deposit growth maintaining a rate of 18. 1 percent in 2024. Month Five: Khmer Times Breaking News on Telegram Khmer Times provides a service where subscribers can get breaking news direct into their Telegram, offering the latest updates on Cambodia’s financial sector trends and global finance news. In March 2025 alone, significant global events such as the unveiling of the Unified Pension Scheme for central government employees and the report on U. S.
employers’ leap in hiring and wages reflect the evolving economic landscape, which Khmer Times provides insights into through its regular reports.
