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152,000 Steel PSU Employees to Now Enjoy Pension Scheme
July 25, 2018
Employees of Central Public Sector Enterprises (CPSE) now have something to rejoice. The government has announced a pension scheme for public sector steel companies like RINL and SAIL which will benefit nearly 96,000 working employees and 56,000 retired employees.
The steel ministry announced that it’s given a nod to the proposal made by various CPSEs as per which a pension scheme will be in effect from January 1, 2007, for executives, and January 1, 2012, for non-executives.
The scheme is expected to cost the exchequer circa Rs. 5.4 billion.
Photo credit: Sudipto_Sarkar on Visualhunt.com /CC BY-NC-ND
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