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

Category : National Published on: March 09 2022

Share on facebook

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.