PM-SYM: Secure Your Future! Government-Backed Pension for Unorganised Workers

• PM-SYM is a government-backed pension scheme for unorganised sector workers, ensuring a steady income post-retirement.
• Eligible individuals are aged 18-40, earn up to Rs 15,000/month, and are not covered by EPFO, NPS, or paying income tax.
• Subscribers receive a fixed pension of Rs 3,000 per month after turning 60, with the government matching monthly contributions.
• Contribution amounts vary by entry age (e.g., Rs 50-60/month at 18, Rs 200/month at 40) and continue until age 60.
• Enrollment is straightforward via Common Service Centres (CSC) with Aadhaar and bank details, setting up auto-debit for contributions.

Key Questions Answered

Will PM-SYM pension increase with inflation over time?

The Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) pension is fixed at Rs 3,000 per month after age 60.

What happens if a PM-SYM subscriber dies early?

If a PM-SYM subscriber dies, their spouse can continue the scheme or receive a reduced family pension.