Schemes

Maharashtra State Agriculture Marketing Board, Pune

(Adhinasta)

Maharashtra rajya bajar samiti karmachari seva nivrutti vetan yojana.

Purpose

Executives of market committee employees to provide financial stability after retirement

• Government has approved this pension scheme as per government order, dated 29.09.1988, with condition the Government and the Marketing Board will not financially support to this scheme.
• Actual execution of pension scheme from 01.07.1991

Execution

• M.S.A.M.B. having responsibility to implement the scheme according to order of 29.09.1988
• Implementation of scheme through federal body of market committee from 01.07.1991 to 31.03.2013 due to technical reason.
• After that this scheme has transferred to M.S.A.M.B. from 01.04.2013.

To implementation the pension scheme under the Marketing Board, having two committees.

• Under the chairmanship of Minister Marketing, Sub-committee appointed by the Marketing Board.
• The Executive Committee of the Staff Representative appointed by this sub-committee

Important decision taken after transfer the Pension Scheme.

• To get the rebate from Income Tax and to get highest rate of interest from Investment. This scheme is implemented under the M.S.A.M.B., not independently.
• This new pension scheme for the employee's of market committee has been started from 01.04.2013.
• Under this new scheme all members getting actual Interest rate from 01.04.2018.
• If any member participated in pension scheme has suddenly death then pension scheme will financially support to his nominee Rs. 50000
• For the old pension scheme pensioners we have increased 30% pension from 01.08.2014
• Every participated members in pension scheme having their own separate account and every year we are communicating to APMC's regarding deposited amount of concern employees.
• Under this pension scheme we are invested amount of Rs. 146.72 CR at the end of March 2018.

Market Committee and staff participated in the pension scheme (31.03.2018)