JAMMU: Meeting the demand of its employees working under National Pension System (NPS) the government on Thursday issued orders for enhancement of its monthly contribution to 14% from the month of April, 2020, an official spokesperson said.
And S.O to this effect was issued by the Department of Finance today mentioning, “the Government shall make fourteen percent (14%) of matching contribution w.e.f. 01.04.2020”.
The move is going to benefit thousands of employees appointed by the government after 2010 who are being governed under this system.
Pertinent to mention here that the government was making a monthly contribution equivalent to 10% of Basic pay and Dearness allowance of each employee which has now been increased to 14% w.e.f April, 2020 taking its employees at par with those employed by central government.
The employees were demanding the same and the government has fulfilled it retrospectively from April, 2020 which is going to benefit substantially thousands of employees working under the National Pension System here.

KR Desk