NPS will secure financial stability for retired persons, PERDA

In order to assured pension return l uniquely to many retirement-minded individual, the Pension Fund Regulatory and Development Authority (PERDA) in a joint collaboration of the Finance department of the state government on Tuesday organized a workshop on ‘ National pension System Subscriber Education and Empowerment programme’ at Muktadhara auditorium in Agartala.

Giving details of the motive of PERDA’s chairman Supratim Bandyopadhyay said that the retirement awareness is firmly on the rise, Indians are more conscious about securing their future financially than earlier.

He said that  joint families are now breaking to nuclear families and after higher education, the children of old parents are now settling abroad and sometimes, the old parents are suffering from shortages of funds.

Thus, 60 plus persons after their retirement need a proper pension scheme for their smooth living  and considering the suffering of common retired people, the government has introduced the New Pension System (NPS).

He appealed to all government employees to join themselves with the new scheme for their smooth retirement. During the workshop, Finance secretary Brijesh Pandey along with other top officials of PERDA were also present.

Later,  Supratim Bandyopadhyay speaking with media persons said that the National Pension System (NPS) was introduced by former Prime Minister Atal Behari Vajpayee in 2008 for the secure life of all retired persons  and at present more than 6 crore people are connected with this scheme.

He said that in the first phase of the new pension scheme, employees of the central government joined and later, many states of the country encouraged their employees to join with the new pension scheme.

He said that this scheme was introduced in Tripura on July 1st, 2018 and after joining of above 6 crore persons across the country, the government has invested approximately Rs. 8.5 lakh crore in different markets.

Sharing details of the scheme, Bandyopadhyay said that if any central government employee contributes 10 percent of his basic pay into the pension scheme, then the government contributes 14 percent. But, on the other hand if any state government employee contributes 10 % of his basic pay in the scheme, the state government has also contributed 10 % in the scheme. He said people aged above 18 years can join the scheme and continue the pension scheme up to their 60 years of age.

He added that after retirement, the employee can get a huge amount into their accounts.