Tuesday, August 28, 2018

Tripura to join NPS

The state Govt. employees of Tripura will be covered under National Pension System. Govt. has taken a decision in this effect and issued notification.
Click here for the notification
The state Govt. employees joining on or after 1st July 2018 will be mandatorily under the New Pension System, similar to the Central Govt. employees and different state employees.
10% of Basic pay and D.A will be deducted from employees salary and Govt. will pay matching contribution.
Employees joining on or after 01.07.2018 will have no GPF and will be outside the ambit of Old pension system. With this except West Bengal, all other state employees are now under NPS and it will definitely shed the burden of state exchequer to a great extent.
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