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Govt contribution to NPS to rise to 14%

Govt contribution to NPS to rise to 14%
Minimum employee contribution will remain at 10% as govt's contribution to National Pension Scheme (NPS) will increase to 14% of basic salary.Presently, the government and employees contribute 10 per cent of basic salary each to NPS. The Cabinet also allowed govt employees to commute 60% of the fund accumulated at the time of retirement, up from 40%.


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