Bhubaneswar : Odisha Cabinet today decided to enhance the monthly government contribution towards National Pension System (NPS) from 10 percent to 14 percent.
Briefing newspersons after the cabinet meeting Chief Secretary S C Mohapatra said the government contribution was enhanced in respect of employees covered under NPS which will be made effective from April 1,2019 and around 3.08 lakh employees will be benefited in the decision.
Employees covered under NPS are also allowed to exercise an option to receive family pension in the event of death in service under OCS pension rule 1992.
The benefits are also applicable to eligible employees of aided Educational institutions, Contractual Group B , Group C and Group D employees.
The cabinet took as many as 17 decisions pertaining to the departments of Finance, Food Supplies and Consumer Welfare, General Administration and public grievance, home, Labour, ESI, Panchayatiraj , and Drinking water and Parliamentary affairs.
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