Pension fund rules eased: Govt employees can now withdraw up to 12 months' pay

[Informalisation and Labour Rights - Related News]

The Narendra Modi government has eased rules for government employees to withdraw from their pension fund to meet family expenses. Now an employee can withdraw up to 12 months' pay or 3/4th of amount on credit, whichever is less. Earlier he or she was allowed to take only 3 months’ pay or half the amount.