Contributory Pension Scheme: State Government’s contribution increased from 10 to 14 percent

Chief Minister Bhupesh Baghel has taken a big decision in the interest of the employees of the state. Now the contribution of the state government will be increased from 10 percent to 14 percent under the Contributory Pension Scheme for the employees of the state. The contribution of the employees will remain as before 10 percent. About 3 lakh employees of the state will be benefited by this decision of Chief Minister Bhupesh Baghel. This decision of the Chief Minister is definitely giving relief and happiness for the benefit of serving government servants including their families. It is noteworthy that on the occasion of 73rd Republic Day, Chief Minister Shri Bhupesh Baghel has announced an increase of 40 percent in the contribution of the State Government under the Contributory Pension Scheme in the interest of the employees of Chhattisgarh State. Its objective is to increase the amount of pension money that the employees will receive on retirement by making the scheme more beneficial. Under the scheme, now the contribution of the state government will be 14 percent instead of 10 percent of the basic salary and dearness allowance of the employees. With this decision, the annual additional expenditure burden of about Rs 520 crore will be incurred on the state government. The State Administrative Service Association and various employee organizations have welcomed the announcement of increasing the contribution of the State Government from 10 percent to 14 percent for the employees of the Contributory Pension Scheme appointed after the year 2004. These organizations have thanked the Chief Minister and said that this decision is the result of inclusive, visionary and sensitive thinking. This decision of the Chief Minister will boost the morale of the government servants. Like this:Like Loading… Continue Reading