Government approves increase of Bank Employees Family Pension to 30% of last salary drawn
- Central Government has approved the Indian Banks’ Association’s (IBA) proposal to increase the family pension to 30% of the last salary drawn.
- After this, the family pension would go up to as much as Rs 30,000 to Rs 35,000 per family of bank employees.
- The Government has also approved the proposal to increase employers’ contribution under the NPS to 14% from the existing 10%.
Points to remember:
- The government has increased the family pension of bank employees to ____ of the last salary drawn?
Source: PIB