'Donate-e-Pension' initiative launched by Labor Ministry

'Donate-e-Pension' initiative launched by Labor Ministry

Daily Current Affairs   /   'Donate-e-Pension' initiative launched by Labor Ministry

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Category : National Published on: March 09 2022

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  • Union Labour and Employment Minister Bhupender Yadav on Monday launched the ‘Donate-a-Pension’ programme under Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM) for people to contribute to the pension fund of their support staff.
  • Under the initiative, people can donate the premium contribution of their immediate support staff like domestic workers, drivers, helpers etc.
  • The PM-SYM is a 50:50 voluntary and contributory pension scheme in which the beneficiary makes a stipulated age-specific contribution and the Central Government matches it.
  • The ‘Donate-a-Pension’ program is part of various initiatives to be launched in the ‘Iconic Week’ celebrations by the Labour Ministry from March 7 to 13, 2022.
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