On Wednesday, Finance Minister Nirmala Sitharaman made an important announcement regarding the family pension of public sector bank (PSB) employees. Under this, the amount of pension received by the family after the death of the bank employee has been increased. Let us understand that according to which the pension amount will be given to the family.
What has happened Announcement: Actually, the monthly family pension for the family of the deceased employees of the bank has been increased to 30 percent of the last basic pay of the employee. With this decision, the monthly family pension will increase from Rs 30,000 to Rs 35,000.
What is math: The amount of pension to the family is given after calculating according to the last salary of the deceased employee. This amount is available only to the dependents of the employee. Earlier, the kin of the deceased employees used to get a maximum of Rs 9,284 monthly as family pension. This means that irrespective of the salary of the deceased employee, his family did not get more than Rs 9,284 as monthly pension.
Now after the new rule, the family of the deceased employee will get up to Rs 35,000 on a monthly basis. The enhanced family pension will benefit thousands of families of public sector bank employees.
Another good news: Bank employees have got another good news on pension. Finance Minister Nirmala Sitharaman had told that the contribution of employers in the New Pension Scheme (NPS) has now been increased to 14 percent. Earlier the contribution of employers was 10 per cent. This increase will increase the financial security of the bank employees under the new pension scheme. There will also be an increase in the amount of pension received by the employees after retirement.
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