What are the benefits under the NASSIT Pension Scheme?
The NASSIT scheme is basically a social insurance scheme which provides some great pension benefits to its members. Some advantages of this scheme are old age benefits, invalidity benefit and survivors’ benefit.
[Members of the NASSIT Scheme are entitled to a package of benefits as prescribed by the NASSIT Act of 2001 in the event of old age, Invalidity and Death. The Scheme provides the following benefits to its members: a). Old Age gratuity and Old age pension b). Reduced or Early Retirement pension c). Retirement grant d). Invalidity pension e). Invalidity grant f). Survivors’ pension g).
