Main
SAIL introduces Pension Scheme for SAIL ex-employees and employees


New Delhi, 30th April, 2019: In line with the guidelines issued by the Department of Public Enterprises (DPE), Government of India and with the approval of the Ministry of Steel, Steel Authority of India Ltd. (SAIL) has introduced its Pension Scheme for the benefit of its eligible ex-employees and employees.
As per the approved SAIL Pension Scheme, all executive employees who were on rolls of the Company on or after 1st January, 2007 as well as non-executive employees on rolls of the Company on or after 1stJanuary, 2012, shall be covered in this scheme.
In a meeting held on 30th April, 2019 at the SAIL Corporate Office, New Delhi, the Trust Deed was signed by the Trustees nominated by Workers’ Unions, Officers’ Associations and SAIL Management, thereby formalizing the creation of SAIL Pension Trust.
The Scheme will extend coverage to more than 55,000 ex-employees for availing of this pension benefits. In the initial phase, the eligible employees who have superannuated upto 31.3.2016, will be extended the pensionary benefit in the form of annuities.
-
News1 week ago
Q3 2023 Housing prices up 10% YoY led by positive buying sentiment: CREDAI –Colliers – Liases Foras| Housing Price-Tracker Report Q3 2023
-
News3 days ago
LIXIL celebrates architecture & design industry excellence at World Architecture Festival 2023
-
News3 weeks ago
Fractional Real Estate Can Reshape the Second Home Market in India
-
News3 weeks ago
Aparna Constructions and Estates Launches Aparna Greenscapes in Hyderabad, Plans Rs 1400 Crores Investment
-
News2 weeks ago
Maha Govt’s New Housing Policy to Boost’ Housing For All’, New Investments in State’s RE: Maharashtra Housing Min
-
News3 days ago
Technology Can Speed Construction, Cut Costs, Make Labour More Efficient and Sustainable: Brigade Reap Propagate’23
-
News2 days ago
RBI Keeps Repo Rate Unchanged, Increases Growth Forecast In Its Monetary Policy
-
News4 days ago
London Based YOO Worldwide Partners With Luxury Strategy-To-Sales Firm, SQUAREA, to Introduce Designer Residences to East India