Govt contribution to NPS 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 and employees contribute 10 per cent of basic salary each to NPS. The Cabinet also allowed govt employees to commute 60% of the fund accumulated at the time of retirement, up from 40%.

from Times of India https://timesofindia.indiatimes.com/business/india-business/government-contribution-to-national-pension-scheme-to-rise-to-14/articleshow/66982609.cms

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