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PM-SYM pension scheme for unorganized workers launched in Nagaland

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Dimapur, March 5: Pradhan Mantri Shram Yogi (PM-SYM) Maadhan Pension Scheme for Unorganized Workers organized by the Department of Labour & Employment, Skill Development & Entrepreneurship was launched today at Secretariat Conference Hall, Kohima.
Speaking at the program Chief Secretary, Nagaland, Temjen Toy, IAS said that the PM-SYM pension scheme for unorganized sector was announced during the presentation of Union budget on February 1, 2019. He also said that the scheme is launched officially today at the national level and across the state and simultaneously in all the districts.
Toy said that so many similar schemes were launched but unfortunately the Nagas are not able to take advantage of various schemes announced earlier. He called upon all to think of our own people who are earning their daily wages in town or in villages as such schemes are targeted towards them.
He stated that though the Labour and Employment departments are the nodal department each of us individually or as department needs to spread awareness of the scheme to our people.
He said, “Only when we reach out and spread awareness within our own circle and in the villages about the scheme only then, it will benefit the greater section of our people who are in the unorganized sectors.” He urged all to spread the message and get as many people to enroll in this scheme as there are only some privileged few in the organized sector in our Naga society.
Branch Manager, LIC, Kohima, Shelphomran Khaling briefing on PM-SYM said that the scheme is being introduced under section 3(1)(c) of the unorganized workers social security Act (UWSS Act), 2008 which mandates the central Government to formulate and notify suitable welfare scheme for unorganized workers on matters relating to old age protection.
He highlighted that PM-SYM is voluntary and periodic contribution based Pension system meant for unorganized workers with income up to Rs 15,000 per month and eligibility criteria age between 18-40 years. This scheme provides for a fixed pension of Rs 3000 after attaining the age of 50 years on a monthly contribution of a small affordable amount during their working age. Also after the subscribers death (after age of 60 years), the spouse of the beneficiary shall be entitled to receive 50% of the pension received by the beneficiary as family pension.
Another feature is that if a beneficiary has given regular contribution and died due to any cause (before age of 60 years), his/her spouse will be entitled to join and continue the scheme subsequently by payment of regular contribution. Also after the death of subscriber as well as his/her spouse, the entire corpus will be credited to the fund. He added that the matching contribution will be 100% funded by the GoI, while PM-SYM would be administered by Ministry of Labour Employment in partnership with LIC. Also LIC will be the pension Fund Manager and responsible for pension pay out.
He further mentioned that, for the enrollment process interested eligible person should visit nearest Common Service Centre (CSC) along with Aadhar Card, Saving Bank Account, amount in cash for enrollment under the scheme.
He also informed that as per NSSO surveys 2011-12, there are about 42 crore people engaged in the unorganized sector and the number of workers in age group 18-40 is about 25 crore. Also the targeted beneficiaries in age group 25-35 are expected to be about 10-12 crore and about 10 crore people beneficiaries are expected in the next 4- 5 years.
Project officer Directorate of Labour, T Chubayanger also highlighted about the Unorganized Workers Social Security Act 2008 said that Act to provide social security and welfare for the unorganized workers. He also said that unorganized workers are those who do not have a definite income and who live by the daily wage they earn.
He also added that there are other sections of people who have definite income but their income are below fifteen thousand can also join the scheme like construction workers, domestic workers etc.
He stated that though they are the nodal department for the scheme but they will only be the facilitator to educate the people and help identify the unorganized sectors and all the enrolment will be done in the Common Service Center (CSC). He also announced that the CSC have enrolled 260 beneficiaries across the state and the enrolment is still going on.
The Programme was chaired by Commissioner & Secretary, Labour & Employment, Skill Development & Entrepreneurship, Anenla T. Sato. Earlier distribution of PM-SYM Pension Cards was given away to the beneficiaries by Chief Secretary, Temjen Toy.
Live streaming of the launching program by Prime Minister of India was also witnessed by the AHODs, HODs and officials at the secretariat conference hall. (Page News Service)

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