Probation Employees Will Also Benefit From NPS As It Expands To Include More Workers | Paisa Live

On October 7, 2024, the Pension and Pensioners Department under the Ministry of Public Grievances and Pensions shared an office memorandum detailing changes to the rules regarding employee contributions to the National Pension System (NPS). According to media reports, the guidelines reiterate some existing provisions, emphasizing that employees are required to contribute 10% of their monthly salary towards the NPS. This update aims to clarify the contributions for employees, particularly focusing on ensuring compliance and understanding of the pension scheme. The adjustments reflect the government's ongoing commitment to enhancing the pension framework and supporting employees in their retirement planning. By reinforcing these contributions, the ministry seeks to secure a more stable financial future for public sector employees.