Atal Pension Yojana now allows spouse to continue contribution- (Ministry of Finance ) (22 Mar 2016)

MANU/PIBU/0343/2016

Miscellaneous

The ‘Atal Pension Yojana’ has been amended to allow spouses of prematurely deceased subscribers to continue making contributions to the pension fund. Previously, upon premature death of the subscriber, spouses would be handed over a lump sum amount, an option that proved unpopular amongst recipients. Now, however, spouses can continue payment into the fund till the time the original subscriber would have reached 60 years of age and then receive the same pension amount until their death.

Tags : NATIONAL PENSION   PREMATURE DEATH   SPOUSE   CONTRIBUTION  

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