In this proposal, the Finance Department has included Administrative Police Service Cadre and other officers who came in the service of the State after 2005, including the Administrative Officer Employees who came in service after 2004. This will be the first time that the officer employees will get the facility of choice filling.
Let us tell you that according to the rules till now, the government used to calculate the money deposited by the employees, but now a new facility is being given to the employees joining NPS. Talking about the figures, so far 16000 crores of employees have been deposited in the National Pension System.
Now employees can change the use of this amount according to their benefit. Under the new facility, the officer employees will choose their amount from among the other five options including SBI, LIC, UTI, HDFC, ICICI. The facility will be given to deposit that amount according to the choice filing of the employees.
Under the National Pension System, 10 percent of the salary of the employees is deducted every month in the form of NPS. Whereas in this 14% amount is mixed by the state government. In such a situation, government officials-employees deposit Rs 10000 every month from their salary as NPS, while 14000 are deposited by the government.
A minimum of 8000 is deducted in the salary of the employees. With this, now NPS officers will have to decide under the new facility where they want to invest their deducted amount.
