Current Affairs National

Centre’s Contribution To NPS Hiked To 14% of Basic Salary

Category : National

 In a bid to make retirement income scheme more attractive for central government employees, the government has agreed to chip in a higher 14% of the basic salaryof an individual as its contribution to the National Pension System (NPS). The move would benefit over 36 lakh central government employees. Currently, the minimum employee contribution in NPS is 10% of basic pay and an equal contribution is made by the government.
Source- The Hindu Business Line


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