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NPS To OPS: Govt Contribution of NPS Raised to 14% of Basic Salary

December 7, 2018 by wpadmin Leave a Comment

NPS To OPS: Govt Contribution of NPS Raised to 14% of Basic Pay

NPS To OPS: Major Change in NPS – Govt Contribution Raised to 14%

New Pension Scheme to Old Pension Scheme: As per the media news, the Union Cabinet approved on Thrusday (6.12.2018) to raise the contribution to National Pension Scheme (NPS) to 14 per cent.

Major Changes has been initiated by the Central Government in the existing National Pension Scheme applicable for the employees joined on or after 1.1.2004 in Central Government Services.

The minimum contribution is now 10% of basic pay. The Government contribution may be raised to 14% of basic pay.

At present, the monthly contribution amount would be 10% of the salary and dearness allowance (DA) to be paid by the employee and matched by Government.

The Cabinet Committee also approved to increase the commutation percentage from 40% to 60%.

Click To More News About NPS to OPS

Related posts:

  1. Government of Karnataka – Partial withdrawal of NPS amount by the NPS employee
  2. NPS to OPS: Old Pension Scheme will be restored by AAP Govt. in National Capital
  3. SCRAP NPS and RESTORE OPS – Confederation
  4. An Overview of New Contributory Pension System (NPS) – Confederation
  5. NPS To OPS : Govt of TamilNadu Issued Orders Based on Expert Committee to Review NPS
  6. NPS To OPS: Review of National Pension System in Kerala – Orders issued
  7. Reintroduction Of Old Pension Scheme
  8. NPS To OPS: AP Govt Issued Orders – Review and Examine Demand For OPS
  9. NPS to OPS: Resolution Adopted By Legislative Assembly of NCT of Delhi
  10. NPS to OPS: Nationwide 2 Days Strike on 8th and 9th Jan 2019

Filed Under: NPS, OPS Tagged With: New Pension Scheme, NPS, NPS to OPS, Old Pension Scheme, Pensioners Issue

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