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Central govt employees may get 50% of their last drawn salary as pension under NPS: Report

Central govt employees may get 50% of their last drawn salary as pension under NPS: Report

Jul 11, 2024, at 06:09 am

New Delhi: As the Finance Ministry prepares to present the full fiscal year budget for 2024-25, the National Democratic Alliance (NDA) government is considering offering central government employees a pension equivalent to 50% of their last drawn salary under the National Pension System (NPS), according to a report by the Times of India.

India's Pension Narrative: PERDA is mulling to roll out assured return scheme

India's Pension Narrative: PERDA is mulling to roll out assured return scheme

Sep 12, 2022, at 07:35 pm

The pensions narrative in India seems to be acquiring a new dimension, at least partially, thanks to an assured return variant that the government is expected to introduce in the days ahead.