National Pension System: Odisha Govt Increases Monthly Contribution To 14 Pc For Employees

This Cabinet decision will ensure parity between the Central Government and State government employees. Odisha government will contribute Rs 280 crore more towards the NPS every year.

National Pension System

The Odisha government on Monday announced an increase in the government’s contribution for its employees towards the National Pension System (NPS).

As per the decision, the State government’s contribution towards the NPS has been increased to 14 percent from the existing 10 per cent. Chief Secretary Suresh Mohapatra said the hike will be effective retrospectively from 01.04.2019.