Pension Scheme fro JNV Staff

On Thursday, Government decided to amend the Payment of Gratuity Act to Teachers.

In another decision, the Cabinet gave its nod for introduction of a new Pension Scheme to all regular employees of the Navodaya Vidyalayas. The new scheme would come into effect after the date of notification.

The JNV employees would have the option to go in for the new scheme or continue with the existing Contributory Provident Fund (CPF) scheme. In case the employee joins the new scheme, the accumulated amount in his or her CPF account would be transferred to pension fund under the new scheme.

The service of all new Navodaya Vidyalaya Samiti employees will become pensionable.


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Brip

http://jawahar-navodaya-vidyalaya.blogspot.com

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