Kumari Palany & Co

No. of views : (3799)

7.6% Interest for the pension fund

Posted on: 15/Aug/2018 3:27:20 PM
The state government has announced a new interest rate of 7.6% for the shared pension scheme recovered from the respective employee salary.

A specific part of the salary is being recovered under the pension scheme from the monthly salaries of all state government employees of Tamil Nadu and the teacher in government schools. The interest for the pension fund amount recovered thus was fixed at 7.6% for the period from 1st April to 30th June. Presently, the state government of Tamil Nadu has announced that the same rate at 7.6% will continue for the period from 1st July to 30th September.