Cabinet approves pension, post-retirement schemes for FCI employees

New Delhi, Aug 10 The cabinet on Wednesday approved introduction of Pension and Post-Retirement Medical Schemes as part of superannuation benefits for employees of Food Corporation of India (FCI).

The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for introduction of Pension and Post-Retirement Medical Schemes as part of superannuation benefits for employees of Food Corporation of India as per guidelines of Department of Public Enterprises (DPE), said an official statement.

"The annual financial implication for both schemes combined would be around Rs. 134.4 crore at present level of salaries of the employees," it added.

IANS