NEW PENSION SCHEME ‘VATSALYA’ ANNOUNCED FOR MINORS; CONTRIBUTION BY PARENTS AND GUARDIANS

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..... NEW PENSION SCHEME ‘VATSALYA’ ANNOUNCED FOR MINORS; CONTRIBUTION BY PARENTS AND GUARDIANS
Budget
Dated:- 23-7-2024

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..... ENTS AND GUARDIANS CONSIDERABLE PROGRESS MADE BY COMMITTEE TO REVIEW NPS: FM A new pension scheme named 'Vatsalya' has been proposed for minors by Union Minister for Finance & Corporate Affairs Smt .....

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..... . Nirmala Sitharaman in the Union Budget 2024-25 tabled in Parliament today. A contributory pension scheme, this will have contribution by parents and guardians. On attaining the age of majority, th .....

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..... e plan can be converted seamlessly into a normal NPS account. The Union Minister also announced that the Committee to review the NPS has made considerable progress in its work. She expressed satisfa .....

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..... ction that the Staff Side of the National Council of the Joint Consultative Machinery for Central Government Employees have taken a constructive approach. "A solution will be evolved which addresses t .....

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..... he relevant issues while maintaining fiscal prudence to protect the common citizens", the Minister further informed.
News - Press release - PIB .....

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