Neogene followed by Quaternary
The Neogene ( NEE-ə-jeen, informally Upper Tertiary or Late Tertiary) is a geologic period and system that spans 20.45 million years from the end of the Paleogene Period 23.03 million years ago (Mya) to the beginning of the present Quaternary Period 2.58 Mya. The Neogene is sub-divided into two epochs, the earlier Miocene and the later Pliocene. Some geologists assert that the Neogene cannot be clearly delineated from the modern geological period, the Quaternary. The term "Neogene" was coined in 1853 by the Austrian palaeontologist Moritz Hörnes (1815–1868).During this period, mammals and birds continued to evolve into modern forms, while other groups of life remained relatively unchanged. The first humans (Homo habilis) appeared in Africa near the end of the period. Some continental movements took place, the most significant event being the connection of North and South America at the Isthmus of Panama, late in the Pliocene. This cut off the warm ocean currents from the Pacific to the Atlantic Ocean, leaving only the Gulf Stream to transfer heat to the Arctic Ocean. The global climate cooled considerably throughout the Neogene, culminating in a series of continental glaciations in the Quaternary Period that follows.Disagreements
The Neogene traditionally ended at the end of the Pliocene Epoch, just before the older definition of the beginning of the Quaternary Period; many time scales show this division.
However, there was a movement amongst geologists (particularly marine geologists) to also include ongoing geological time (Quaternary) in the Neogene, while others (particularly terrestrial geologists) insist the Quaternary to be a separate period of distinctly different record. The somewhat confusing terminology and disagreement amongst geologists on where to draw what hierarchical boundaries is due to the comparatively fine divisibility of time units as time approaches the present, and due to geological preservation that causes the youngest sedimentary geological record to be preserved over a much larger area and to reflect many more environments than the older geological record. By dividing the Cenozoic Era into three (arguably two) periods (Paleogene, Neogene, Quaternary) instead of seven epochs, the periods are more closely comparable to the duration of periods in the Mesozoic and Paleozoic Eras.
The International Commission on Stratigraphy (ICS) once proposed that the Quaternary be considered a sub-era (sub-erathem) of the Neogene, with a beginning date of 2.58 Ma, namely the start of the Gelasian Stage.  In the 2004 proposal of the ICS, the Neogene would have consisted of the Miocene and  Pliocene Epochs. The International Union for Quaternary Research (INQUA) counterproposed that the Neogene and the Pliocene end at 2.58 Ma, that the Gelasian be transferred to the Pleistocene, and the Quaternary be recognized as the third period in the Cenozoic, citing  key changes in Earth's climate, oceans, and biota that occurred 2.58 Ma and its correspondence to the Gauss-Matuyama magnetostratigraphic boundary. In 2006 ICS and INQUA reached a compromise that made Quaternary a sub-era, subdividing Cenozoic into the old classical Tertiary and Quaternary, a compromise that was rejected by International Union of Geological Sciences because it split both Neogene and Pliocene in two.Following formal discussions at the 2008 International Geological Congress in Oslo, Norway, the ICS decided in May 2009 to make the Quaternary the youngest period of the Cenozoic Era with its base at 2.58 Mya and including the Gelasian Age, which was formerly considered part of the Neogene Period and Pliocene Epoch. Thus the Neogene Period ends bounding the succeeding Quaternary Period at 2.58 Mya.