Bhubaneswar, Feb. 8 -- Odisha Cabinet today approved Unified Pension Scheme for the state government employees to provide them an assured payout after their retirement.

The pension scheme will be implemented in the state with effect from April 1, 2025.

As per the decision, the retired employee with minimum service period of 25 years will receive pension at rate of 50% of average or basic received in the 12 months before retirement. The pension will be proportional to the minimum 10 years of service period to the period of employment up to 25 years. The pensioner will receive a monthly pension of Rs 10,000 following retirement after a minimum period of 10 years of service.

The family pension will be available at the rate of 60 per cent ...