SAIL Pension Scheme 2020: Ex-employees will get Benefit

Sail Pension Scheme 2020, SAIL, Steel Authority of India Limited, SAIL Pension Scheme, Sail Pension Registration Process, Sail Pension:SAIL means Steel Authority of India Limited has started to provide a Pension Scheme for all of their ex-employees. Let us tell you all that the SAIL Pension Scheme has organized below the rules & regulations of the Department of Public Enterprises (Indian Government) along with the Ministry of Steel & SAIL board confirmation. As you know already, the Steel Authority of India Limited [SAIL] has become the giant steel-making company in India and one of Maharatna’s Central Public Sector Enterprises.

Steel Authority of India Limited

Topic Name SAIL Pension Scheme 2020: Ex-employees will get Benefit
Article Category Sail Pension Scheme 2020
Sail Pension Scheme Advantages
Contribution of Pension [Sail Pension Scheme]
Sail Pension Scheme Online Apply
Frequently Asked Questions
Started by Ministry of Steel & SAIL Board
Official Website Click Here

During the Scheme launched, the pension will be given to all ex-employees of the SAIL company related to the Ministry of Steel & Sailboard in the Indian Government. Here, In this article, we will discuss everything related to the Sail Pension Scheme 2020, required documents, eligibility conditions, academic qualifications, a procedure to apply online, full job opportunity details, etc. As we know, this Pension Scheme has begun by the Steel Authority of India Limited Authorities. Here we will share all required information related to the registration process below the Sail Pension Scheme 2020. So, please read our article until the end.


Sail Pension Scheme 2020

Here we will discuss the meaning of Sail Pension Scheme. As we know, Sail Concerned authorities has started a pension scheme that has been govern by the rules & regulations according to the Department of Public Enterprise of Indian Government. It works only after the confirmation of the Ministry of Steel & SAIL Board. According to this pension scheme, all ex-employees will get the pension from the concerned authorities that belongs to the Ministry of Steel & Sailboard (Indian Government).

SAIL

Let us tell you all that the SAIL depends on the production of iron and steel. It is produced at five integrated plants and the three unique steel plants situated in the central and eastern areas of India. It is located near the raw materials of the domestic source. SAIL always sells and builds a wide range of steel goods. Here, In this article, we will discuss everything related to the Sail Pension Scheme, required documents, eligibility conditions, academic qualification, etc.


Sail Pension Scheme Overview

Name of Scheme Sail Pension Scheme
Main Objective To provide pensions
Beneficiaries Ex-employees
Started by Ministry of Steel & SAIL Board
Official website Click Here


Sail Pension Scheme Advantages

Here we will discuss the advantages of the SAIL Pension Scheme. It has several benefits that should be included below this Pension Scheme. These are as follows:

  • All Executives (that includes Management Trainees) on the company rolls on or after 01 Jan 2007 (has Board level appointed employees)
  • Non-executives (including recruited trainees for the eventual job) on the company roll-on or after 01 Jan 2012.
  • New applicants:
  • Date of Joining
      • after 1 Jan 2007 (all executives that include Board level Officers)
    • after 1 Jan 2012 (Non-executives) that also cover the SAIL joining date.


Direct Links

Here we will discuss the direct PDF links related to the SAIL Pension scheme. From here, every applicant needs to download the PDF file of the respective information. The direct links are as follows:

Name of Link Direct Link
Circular or Scheme Click Here
Circular for Roll out of SAIL Pension Scheme Click Here
List of Nodal Services Click Here
Pension Form for Withdrawl Click Here
Pension Plans Click Here
SAIL Pension Presentation Click Here
Instructions for Ex-employees Click Here
Comparative Annuity Report Click Here
Contact  – Annuity Service Providers Click Here
Official Website Click Here


Contribution of Pension [Sail Pension Scheme]

For All Executives: Active from 1 Jan 2007

Total Time Pension Contribution
1 Jan 2007 to 31 Mar 2015 9% of Basic Pay plus DA
1 Apr 2015 to 31 Mar 2018 3% of Basic Pay plus DA

For Non-Executives: Active from 1 Jan 2012

Total Time Pension Contribution
1 Jan 2012 to 31 Mar 2015 6% of Basic Pay plus DA
1 Apr 2015 to 31 Mar 2018 2% of Basic Pay plus DA


Eligibility Conditions

Here we will discuss the eligibility condition of the SAIL Pension Scheme. If you want to apply for this scheme, then you have to fulfill all eligibility conditions. Every applicant needs to check all eligibility conditions before using a particular scheme Application Form. The steps are as follows:

  • For this scheme, every applicant needs to have the experience of 15 years along with the superannuation through the company.
  • Medical invalidation, Death, PTD leads to service cessation, i.e., irrespective of the service time.


Required Documents

Here we will discuss all the required documents needed while applying for the Sail Pension Yojana. The required documents are as follows: 

  • Ex-employee or employee Death Certificate in the case of ex-employee or employee deceased. 
  • PAN Card
  • Proof of Voluntary Contribution Deposit.
  • Canceled Bank Cheque having ex-employee or nominee name printed on it.
  • Ex-employee or Nominee Aadhaar Card.


Sail Pension Scheme Online Apply

Here we will explain to you all the application procedures to apply online for the Sail Pension Scheme. Every applicant who fulfills the eligibility conditions and has all required documents shall apply for this pension scheme. The steps are as follows:

  • For this, visit an official website of Sail Pension Scheme, which is as follows Click Here.
  • The page will look like this.

Sail Pension Scheme 2020

  • Now, tap on the Sail Pension option, which has provided on the homepage of the website.
  • The page will look like this. It is an Application Form on your computer screen.
  • Now, fill in all asked information such as Personnel number of SAIL applicant, Bank Account Number, PAN Number, Email ID, Contact Number, and Aadhaar Card Number. 
  • Now, start to upload the applicant photograph & spouse information on the Application Form.
  • Direct Link to know more about the Registration Process: Click Here.
  • After that, tap on the submit option.
  • Now, save this application form and print out it.
  • After that, submit your application form with all important documents for the Annuity Start.
  • All Beneficiaries and Members should see the company contribution information in their annuity plans, pension account, pension calculator, rates given by the ASP, Scheme or Policy, Information of Nodal Officers about the Plant or Unit, etc. with the help of the website after the PAN logging and birth date of the ex-employee concerned authorities.
  • In this manner, everyone will be able to apply online for the Sail Pension Scheme 2020.


Contact Information

Here we will explain you to all the contact information of the Sail Pension Scheme; it is as follows:

  • EPBAX: Ispat Bhavan: 24300100, 243 67481-86,
  • Fax: 24367015 (Ispat Bhavan) or 22467458 (Scope Minar)
  • EPBAX: Scope Minar: 22467360,  7418, 7420, 7412, 7413


I hope you will understand this article very well and are ready to take advantage of it. Suppose you face any problems related to the
Sail Pension Scheme 2020, required documents, eligibility conditions, academic qualifications, a procedure to apply online, full job opportunity details. In that case, you may ask your queries in the given comment box.


Frequently Asked Questions


Name all essential documents that you need while applying for the SAIL Pension Scheme 2020?

The necessary documents are as follows Ex-employee or employee Death Certificate in the case of ex-employee or employee deceased, PAN Card, Proof of Voluntary Contribution Deposit, Cancelled Bank Cheque having ex-employee or nominee name printed on it, Ex-employee or Nominee Aadhaar Card.


Who started the SAIL Pension Scheme?

The SAIL (Steel Authority of India Limited) has started a Pension Scheme for all ex-employees or ex-workers. This scheme has started below the department of public enterprise (Indian Government) guidelines and the Ministry of Steel & SAIL Board approval.


What are all eligibility conditions to apply for the SAIL Pension Scheme 2020?

The eligibility conditions are as follows. For this scheme, every applicant needs to have experience of 15 years along with the superannuation through the company; medical invalidation, Death, PTD leads to the service cessation, i.e., irrespective of the service time.

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