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Govt spent Rs 10,503 cr on retired employees in 2011-12

State government spent Rs 10,503 crore on pension in 2011-12,an increase of 18 per cent since 2010-11.

Written by Press Trust Of India | Published: April 20, 2013 7:03:55 am

MUMBAI:State government spent Rs 10,503 crore on pension in 2011-12,an increase of 18 per cent since 2010-11. This hike is being attributed to the revision of payments under the Sixth Pay Commission norms. To limit future pension liabilities,government has introduced a Defined Contribution Pension Scheme for staff recruited after November 2005. In 2011-12,Rs 748.41 crore was deposited towards employees’ contribution and employers’ share. Pension expenditure during 2007-08 was Rs 4,191 crore,an increase of 38 per cent till 2011-12.

Editor of Marathi weekly held for molesting niece

PARLI VAIJNATH:Editor of a Marathi weekly,who was absconding after allegedly molesting his minor niece,has been arrested,police said Friday. The accused is the editor of ‘Maanpatra’,a Marathi weekly published from Parli Vaijnath.

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