Bhubaneswar: The Odisha Government’s contribution towards the National Pension System (NPS) has been increased from 10% to 14% in respect of employees covered under the NPS.
A proposal in this regard was approved by the Odisha Cabinet in its meeting, today.
This will be effective from 01.04.2019, retrospectively. Around 2.08 lakhs employees will be benefited from this decision.
Employees covered under the NPS are also allowed to exercise an option to receive family pension in the event of in-service death under OCS Pension Rule, 1992.
The above benefits are also applicable to eligible employees of Aided Educational Institutions, Group-B contractual employees appointed vide Odisha Group ‘B’ posts (Contractual Appointment) Rules, 2013 and Group ‘C’ and ‘D’ contractual employees appointed vide Odisha Group ‘C’ and ‘D’ posts (contractual appointment) Rules, 2013.