Indian School Board introduces pension scheme for staff

T TV Monday 09/March/2020 20:33 PM
By: Times News Service

The Board of Directors of the Indian Schools in Oman has announced the adoption of National Pension System (NPS) of the Government of India, as a retirement benefit scheme for its employees. As per the new initiative, Indian Schools in Oman shall offer contributory after-service pension under the National Pension System (NPS) of the Government of India, in association with the Bank of Baroda.

The historic decision brought about by the Board of Directors of Indian Schools Oman shall enhance the financial stability of its staff and facilitate the long-term welfare of employees, post-retirement in India.