Download the app
← Latest news

Maharashtra Revised NPS Promises Rs 7500 Minimum Pension for State Employees by 2026

Entertainment
Published on 7 May 2026
Maharashtra Revised NPS Promises Rs 7500 Minimum Pension for State Employees by 2026

A floor pension is guaranteed for a fixed window

Maharashtra has revised its NPS scheme for state employees, with assured retirement benefits for those joining by December 2026. Employees with 20 years of service can receive 50% of their last drawn salary as pension, while a minimum Rs 7,500 monthly pension is guaranteed for 10 years. The update also details conditions around family pension, gratuity, and corpus access.

  • State employees joining by December 2026 get assured pension terms
  • 20 years of service allows pension at 50% of last salary
  • Minimum Rs 7,500 monthly pension guaranteed for 10 years
  • Scheme update clarifies rules for family pension, gratuity, and withdrawals
Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic TimesThe Economic Times

The full experience is on mobile.

Swipe through stories, personalise your feed, and save articles for later — all on the app.