The Pradhanmantri shram yogi Mann-Dhan announced in the Interim Budget 2019 has been notified by the Ministry of Labour and employment
Feature of the PM-SYM
PM-SYM is a voluntary and contributory pension scheme on a 50:50 basis where prescribed age specific contribution shall be made by the beneficiary and the matching contribution by the central government
- Each subscriber under the CMS why I am salary Shiva minimum assured pension of rupees 3000 per month after attaining the age of 60 years
- if the subscriber dies during the period of the receipt of the pension the spouse of the beneficiary shall be entitled to receive 50% of the pension received by the beneficiary as a family pension
- If the beneficiary has died due to any call before age of 60 years his or her spouse will be entitled to join and continue the scheme subsequently by the payment of regular contribution or exit the screen as per provision of exit and withdrawal
- the subscriber must not be taxpayer the the scheme is expected to benefit as many as 42 crore workers are estimated to be engage in the unorganised sector of the country whose monthly income is rupees 15000 per month or less and belong to an early age group of 18 to 40 year who are not covered under new pension scheme employees State Insurance Corporation scheme or Employee Provident Fund Organisation
