Government can give 50 percent pension to government employees in their salary

Expectations from the budget: Finance Minister Nirmala Sitharaman will present the first full budget of the third term of the Modi government on July 23. Government employees have high expectations from this budget. According to the report, the Modi government can give a big gift to government employees through the budget (Budget 2024).

There will be a big reform in NPS!

According to the report, the government is going to make a big reform in NPS. The government can announce a fixed pension in the budget. According to reports, the government can give 50 percent of the last salary as pension to the government employees who subscribe to NPS. If such an announcement is made, then government employees will get a big relief. Let us tell you, a large section of government employees is constantly demanding reforms in the old pension or NPS.

NPS may be available in 25 to 30 years

Till now, government employees appointed after 2004 have to subscribe to NPS. In such a situation, if a government employee contributes to NPS for 25 to 30 years, then he can get high returns. Let us tell you, currently in NPS, government employees contribute 10 percent of their basic salary and 14 percent of the basic salary is contributed by the government.

What is NPS scheme? (NPS scheme details)

NPS is a government scheme. Under this scheme, employees have to make regular contributions. At the time of maturity, employees will be able to withdraw 60% of the entire fund. At the same time, 40% of the amount will have to be purchased as a pension fund. Due to which employees will continue to get regular pension.

OPS has an old demand

The demand for old pension among government employees is quite old. In the old pension scheme, government employees get pension as decided by the government. Along with this, DA and DR can also be received from the government.