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152,000 Steel PSU Employees to Now Enjoy Pension Scheme

July 25, 2018

152,000 Steel PSU Employees to Now Enjoy Pension Scheme

Employees of Central Public Sector Enterprises (CPSE) now have something to rejoice. The government has announced a pension scheme for public sector steel companies like RINL and SAIL which will benefit nearly 96,000 working employees and 56,000 retired employees.

The steel ministry announced that it’s given a nod to the proposal made by various CPSEs as per which a pension scheme will be in effect from January 1, 2007, for executives, and January 1, 2012, for non-executives. 

The scheme is expected to cost the exchequer circa Rs. 5.4 billion.

Photo credit: Sudipto_Sarkar on Visualhunt.com /CC BY-NC-ND

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