New Pension System
Source: The Sangai Express
Imphal, December 27 2013 :
New Pension System, a centrally sponsored scheme for old age income security of economically disadvantaged workers or marginal income earners, has been in operation since March this year, informed Deputy Labour Commissioner R Tombi.
Briefing mediapersons at the Department of Labour office in Imphal West district DC office complex today, Tombi said the Pension scheme entails annual subscription of Rs 1000 to Rs 12,000 and eligible for persons in between 18 to 59 years of age.
On attaining 60 years of age a customer/client may withdraw 60 percent of the total amount whereas in case of the demise of the pensioner his/her nominee could withdraw the entire amount, explained the official who also informed that due to non availability of an aggregator the scheme was launched belatedly in Manipur on March 26, 2013 inspite of the scheme operational in the country since 2005 and most of the State introducing the same in 2010 .
Stating that Delhi-based Abhipra Capital Limited had agreed to be the scheme's aggregator with its Manipur branch office opened at the Sangaiprou building of Manipur Industries Development Centre, Tombi appealing to all concerned to join the scheme conveyed that one can live a financially secure life in advanced stage of life.