Contributory Pension Scheme: State Government’s contribution elevated from 10 to 14 %

Chief Minister Bhupesh Baghel has taken a giant determination within the curiosity of the workers of the state. Now the contribution of the state authorities can be elevated from 10 % to 14 % beneath the Contributory Pension Scheme for the workers of the state. The contribution of the workers will stay as earlier than 10 %. About 3 lakh staff of the state can be benefited by this determination of Chief Minister Bhupesh Baghel. This determination of the Chief Minister is unquestionably giving aid and happiness for the advantage of serving authorities servants together with their households.

It is noteworthy that on the event of 73rd Republic Day, Chief Minister Shri Bhupesh Baghel has introduced a rise of 40 % within the contribution of the State Government beneath the Contributory Pension Scheme within the curiosity of the workers of Chhattisgarh State. Its goal is to extend the quantity of pension cash that the workers will obtain on retirement by making the scheme extra helpful. Under the scheme, now the contribution of the state authorities can be 14 % as a substitute of 10 % of the essential wage and dearness allowance of the workers. With this determination, the annual extra expenditure burden of about Rs 520 crore can be incurred on the state authorities.

The State Administrative Service Association and numerous worker organizations have welcomed the announcement of accelerating the contribution of the State Government from 10 % to 14 % for the workers of the Contributory Pension Scheme appointed after the yr 2004. These organizations have thanked the Chief Minister and stated that this determination is the results of inclusive, visionary and delicate considering. This determination of the Chief Minister will increase the morale of the federal government servants.

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