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Government revises bank pension plan

The government has announced changes to the pension scheme of public sector banks. For family members of employees, the ceiling on family pension has been lifted and, for current employees, the banks’ contribution to the scheme has been increased by four percentage points to 14% from earlier 10%.

The government has announced changes to the pension scheme of public sector banks. For family members of employees, the ceiling on family pension has been lifted and, for current employees, the banks’ contribution to the scheme has been increased by four percentage points to 14% from earlier 10%. from Times of India https://ift.tt/3BdajGZ
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