Odisha government announces rise in National Pension System from 10% to 14%

Bhubaneswar : Odisha government approves rise in the National Pension System from 10% to 14% with effect from April 1, 2019 , the decision was taken at the cabinet meeting today.

Besides, Employees, covered under NPS, are also allowed to exercise an option to receive family pension in the event of in-service death under OCS Pension Rule, 1992, as per the notice.

Further, 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, it added.