Guwahati, Oct 6 (PTI) The Assam cabinet on Monday approved the introduction of the Unified Pension Scheme (UPS) as an option under the National Pension System for the employees of the state government.
This scheme will benefit employees in terms of old age security and will not be dependent on market returns, the chief minister said at a media briefing after the cabinet meeting.
The cabinet also decided to pay Rs 5 lakh to the next of kin of the nine persons who died in a building collapse at a power plant in Tamil Nadu as financial support from the Chief Minister's Relief Fund, in addition to the compensation which the families will receive from the company where they worked, Sarma said.
The council of ministers also accorded the administrative approval for the construction of an eleva