Question

Who contribute to pension employee oremployer or governmemt india?

Answer 1

Government contribution to NationalPension Scheme to rise to 14% Minimum employee contribution will remain at 10% as govt's contribution to National Pension Scheme (NPS) will increase to 14% of basic salary.Presently, the government andemployees contribute 10 per cent of basic salary each to NPS

Answer 2

Employees do not contribute, while the respective employer pays 8.3% and the government adds 1.16%. To qualify for a pension, ten years of service are necessary, and the pensionable age is 58. The maximum benefit is 50% of the final salary, and one-third of the pension value may be withdrawn as a lump sum.