New pension guidelines for central govt employees released: Check new NPS contribution rules

Oct. 12, 2024 - Hindustan Times

The centre has released new guidelines for contributions to the National Pension System (NPS), according to a Financial Express report. The centre has released new guidelines for contributions to the National Pension System (NPS)((Representational Image/Pixabay))The guidelines were released in an Office Memorandum from the Department of Pension and Pensioners’ Welfare, which comes under the Ministry of Personnel, Public Grievances and Pensions, dated October 07, 2024.

Also Read: Ola Electric's BOSS 72-hour Rush sale: Check last date and discountsWhat are the mentioned NPS contribution guidelines? The guidelines reiterate existing provisions, which includes the 10% of monthly salary contribution requirement to the NPS. In cases where there are delays in crediting contributions, affected employees will receive their contribution with interest as well.

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