Contributory Pension Scheme from next year
Thiruvananthapuram: The state government has decided to implement the Contributory Pension Scheme in the state. All employees who join government service will be brought under the contributory pension scheme. The employees would contribute an amount equivalent to 10 per cent of basic pay and dearness allowance towards the pension fund. The government would also contribute towards the fund. Currently there are more than 5.50 lakh state government pensioners, while the number of serving employees is 5.34 lakh. As per the scheme the employees will have to contribute a fixed sum every month and an equal or a scaled up amount would be put in by the state government..