New pension scheme: Bihar government increases contributions for university employees to 14 pct
Earlier a total 10 per cent of the sum of basic salary and DA of the university staff used to be deducted as their contribution and the same amount used to be deducted from their employers. Now the deduction has been raised to 14 per cent which will ultimately benefit the university employees, he said.
Bihar Deputy Chief Minister Sushil Kumar Modi Thursday said that Bihar government has increased its contributions for university employees availing the new contributory pension scheme. Photo:; Reuters