The Odisha Government’s contribution towards the National Pension System (NPS) has been increased from 10 per cent to 14 per cent for employees covered under the NPS.
A proposal in this regard was approved by the State Cabinet on Monday. This would be effective from 1.04.2019 retrospectively. Around 2.08 lakh employees would be benefitted 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.