{"id":1279557,"date":"2024-03-03T05:29:13","date_gmt":"2024-03-02T23:59:13","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1279557"},"modified":"2024-03-03T05:36:01","modified_gmt":"2024-03-03T00:06:01","slug":"50-of-last-salary-will-be-pension-da-for-all-govt-employees-in-maharashtra-under-new-nps-rules","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/50-of-last-salary-will-be-pension-da-for-all-govt-employees-in-maharashtra-under-new-nps-rules\/","title":{"rendered":"50% Of Last Salary Will Be Pension, DA For All Govt Employees In Maharashtra Under New NPS Rules"},"content":{"rendered":"\n

The Maharashtra government has announced the adoption of a revised National Pension Scheme<\/a> (NPS) that enhances retirement payouts for state employees who joined service from November 2005 onward.<\/p>\n\n\n\n

\"50%<\/figure>\n\n\n\n

Chief Minister Eknath Shinde stated in the Legislature on Friday that under the new pension system, employees can elect to receive 50% of their final salary as pension upon retirement.<\/p>\n\n\n\n

60% Payout as Family Pension After Death<\/h2>\n\n\n\n

Both the pension amount and family pension will also include dearness allowance adjustments for inflation.<\/p>\n\n\n\n

In the event of death of a retiree, their family would receive 60% of the employee’s pension as family pension, again accounting for dearness allowance.<\/p>\n\n\n\n

So a retiree receiving \u20b930,000 monthly in pension would enable their family to obtain \u20b918,000 per month subsequently.<\/p>\n\n\n\n

Applicable to 8 Lakh State Government Employees<\/h2>\n\n\n\n

The upgraded pension scheme will apply to over 8 lakh of Maharashtra’s 13.45 lakh government employees who joined service from November 1, 2005 onwards.<\/p>\n\n\n\n

The National Pension Scheme (NPS) has been in effect in the state since April 2015. But the revised parameters aim to provide enhanced financial security for pensioners.<\/p>\n\n\n\n

A government committee was established in March 2023 to evaluate improving the existing NPS in comparison to the older pension system.<\/p>\n\n\n\n

50% Payout Alleviates Retirement Concerns<\/h2>\n\n\n\n

The committee put forward the recommendation of 50% last salary pension to alleviate government staffers’ apprehensions about retirement finances under the NPS.<\/p>\n\n\n\n

Employees will now voluntarily be able to choose coverage under the new progressive pension system.<\/p>\n\n\n\n

The move comes after intense pressure from government employee unions over retirement benefits and long-term financial security.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Maharashtra government has announced the adoption of a revised National Pension Scheme (NPS) that enhances retirement payouts for state employees who joined service from November 2005 onward. Chief Minister Eknath Shinde stated in the Legislature on Friday that under the new pension system, employees can elect to receive 50% of their final salary as […]<\/p>\n","protected":false},"author":30,"featured_media":1279570,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[4812,4813],"class_list":["post-1279557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-nps","tag-pensioners"],"acf":[],"yoast_head":"\n50% Of Last Salary Will Be Pension, DA For All Govt Employees In Maharashtra Under New NPS Rules - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/50-of-last-salary-will-be-pension-da-for-all-govt-employees-in-maharashtra-under-new-nps-rules\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"50% Of Last Salary Will Be Pension, DA For All Govt Employees In Maharashtra Under New NPS Rules - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"The Maharashtra government has announced the adoption of a revised National Pension Scheme (NPS) that enhances retirement payouts for state employees who joined service from November 2005 onward. Chief Minister Eknath Shinde stated in the Legislature on Friday that under the new pension system, employees can elect to receive 50% of their final salary as […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/50-of-last-salary-will-be-pension-da-for-all-govt-employees-in-maharashtra-under-new-nps-rules\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-02T23:59:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-03T00:06:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/03\/dd-1-1-1280x720-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohul Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohul Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/50-of-last-salary-will-be-pension-da-for-all-govt-employees-in-maharashtra-under-new-nps-rules\/\",\"url\":\"https:\/\/trak.in\/stories\/50-of-last-salary-will-be-pension-da-for-all-govt-employees-in-maharashtra-under-new-nps-rules\/\",\"name\":\"50% Of Last Salary Will Be Pension, DA For All Govt Employees In Maharashtra Under New NPS Rules - Trak.in - Indian Business of Tech, Mobile & Startups\",\"isPartOf\":{\"@id\":\"https:\/\/trak.in\/stories\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/trak.in\/stories\/50-of-last-salary-will-be-pension-da-for-all-govt-employees-in-maharashtra-under-new-nps-rules\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/trak.in\/stories\/50-of-last-salary-will-be-pension-da-for-all-govt-employees-in-maharashtra-under-new-nps-rules\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/03\/dd-1-1-1280x720-1.jpeg\",\"datePublished\":\"2024-03-02T23:59:13+00:00\",\"dateModified\":\"2024-03-03T00:06:01+00:00\",\"author\":{\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/5092a7d2906e3f3c819643435477c2a7\"},\"breadcrumb\":{\"@id\":\"https:\/\/trak.in\/stories\/50-of-last-salary-will-be-pension-da-for-all-govt-employees-in-maharashtra-under-new-nps-rules\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/trak.in\/stories\/50-of-last-salary-will-be-pension-da-for-all-govt-employees-in-maharashtra-under-new-nps-rules\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/50-of-last-salary-will-be-pension-da-for-all-govt-employees-in-maharashtra-under-new-nps-rules\/#primaryimage\",\"url\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/03\/dd-1-1-1280x720-1.jpeg\",\"contentUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/03\/dd-1-1-1280x720-1.jpeg\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/trak.in\/stories\/50-of-last-salary-will-be-pension-da-for-all-govt-employees-in-maharashtra-under-new-nps-rules\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/trak.in\/stories\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"50% Of Last Salary Will Be Pension, DA For All Govt Employees In Maharashtra Under New NPS Rules\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/trak.in\/stories\/#website\",\"url\":\"https:\/\/trak.in\/stories\/\",\"name\":\"Trak.in - Indian Business of Tech, Mobile & Startups\",\"description\":\"Trak.in is a popular Indian Business, Technology, Mobile & Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups & Social Media Space\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/trak.in\/stories\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/5092a7d2906e3f3c819643435477c2a7\",\"name\":\"Mohul Ghosh\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/66c129d83dd3f325a3b550eb1aa16891173ddfc4686361424206cd9a01311c89?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/66c129d83dd3f325a3b550eb1aa16891173ddfc4686361424206cd9a01311c89?s=96&d=mm&r=g\",\"caption\":\"Mohul Ghosh\"},\"url\":\"https:\/\/trak.in\/stories\/author\/mohul-ghosh\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"50% Of Last Salary Will Be Pension, DA For All Govt Employees In Maharashtra Under New NPS Rules - Trak.in - Indian Business of Tech, Mobile & Startups","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/trak.in\/stories\/50-of-last-salary-will-be-pension-da-for-all-govt-employees-in-maharashtra-under-new-nps-rules\/","og_locale":"en_US","og_type":"article","og_title":"50% Of Last Salary Will Be Pension, DA For All Govt Employees In Maharashtra Under New NPS Rules - Trak.in - Indian Business of Tech, Mobile & Startups","og_description":"The Maharashtra government has announced the adoption of a revised National Pension Scheme (NPS) that enhances retirement payouts for state employees who joined service from November 2005 onward. Chief Minister Eknath Shinde stated in the Legislature on Friday that under the new pension system, employees can elect to receive 50% of their final salary as […]","og_url":"https:\/\/trak.in\/stories\/50-of-last-salary-will-be-pension-da-for-all-govt-employees-in-maharashtra-under-new-nps-rules\/","og_site_name":"Trak.in - Indian Business of Tech, Mobile & Startups","article_published_time":"2024-03-02T23:59:13+00:00","article_modified_time":"2024-03-03T00:06:01+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/03\/dd-1-1-1280x720-1.jpeg","type":"image\/jpeg"}],"author":"Mohul Ghosh","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Mohul Ghosh","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/trak.in\/stories\/50-of-last-salary-will-be-pension-da-for-all-govt-employees-in-maharashtra-under-new-nps-rules\/","url":"https:\/\/trak.in\/stories\/50-of-last-salary-will-be-pension-da-for-all-govt-employees-in-maharashtra-under-new-nps-rules\/","name":"50% Of Last Salary Will Be Pension, DA For All Govt Employees In Maharashtra Under New NPS Rules - Trak.in - Indian Business of Tech, Mobile & Startups","isPartOf":{"@id":"https:\/\/trak.in\/stories\/#website"},"primaryImageOfPage":{"@id":"https:\/\/trak.in\/stories\/50-of-last-salary-will-be-pension-da-for-all-govt-employees-in-maharashtra-under-new-nps-rules\/#primaryimage"},"image":{"@id":"https:\/\/trak.in\/stories\/50-of-last-salary-will-be-pension-da-for-all-govt-employees-in-maharashtra-under-new-nps-rules\/#primaryimage"},"thumbnailUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/03\/dd-1-1-1280x720-1.jpeg","datePublished":"2024-03-02T23:59:13+00:00","dateModified":"2024-03-03T00:06:01+00:00","author":{"@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/5092a7d2906e3f3c819643435477c2a7"},"breadcrumb":{"@id":"https:\/\/trak.in\/stories\/50-of-last-salary-will-be-pension-da-for-all-govt-employees-in-maharashtra-under-new-nps-rules\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/trak.in\/stories\/50-of-last-salary-will-be-pension-da-for-all-govt-employees-in-maharashtra-under-new-nps-rules\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/50-of-last-salary-will-be-pension-da-for-all-govt-employees-in-maharashtra-under-new-nps-rules\/#primaryimage","url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/03\/dd-1-1-1280x720-1.jpeg","contentUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/03\/dd-1-1-1280x720-1.jpeg","width":1280,"height":720},{"@type":"BreadcrumbList","@id":"https:\/\/trak.in\/stories\/50-of-last-salary-will-be-pension-da-for-all-govt-employees-in-maharashtra-under-new-nps-rules\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/trak.in\/stories\/"},{"@type":"ListItem","position":2,"name":"50% Of Last Salary Will Be Pension, DA For All Govt Employees In Maharashtra Under New NPS Rules"}]},{"@type":"WebSite","@id":"https:\/\/trak.in\/stories\/#website","url":"https:\/\/trak.in\/stories\/","name":"Trak.in - Indian Business of Tech, Mobile & Startups","description":"Trak.in is a popular Indian Business, Technology, Mobile & Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups & Social Media Space","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/trak.in\/stories\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/5092a7d2906e3f3c819643435477c2a7","name":"Mohul Ghosh","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/66c129d83dd3f325a3b550eb1aa16891173ddfc4686361424206cd9a01311c89?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/66c129d83dd3f325a3b550eb1aa16891173ddfc4686361424206cd9a01311c89?s=96&d=mm&r=g","caption":"Mohul Ghosh"},"url":"https:\/\/trak.in\/stories\/author\/mohul-ghosh\/"}]}},"jetpack_featured_media_url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/03\/dd-1-1-1280x720-1.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1279557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/comments?post=1279557"}],"version-history":[{"count":2,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1279557\/revisions"}],"predecessor-version":[{"id":1279572,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1279557\/revisions\/1279572"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media\/1279570"}],"wp:attachment":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media?parent=1279557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/categories?post=1279557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/tags?post=1279557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}