Procedure for payment of pension amount began at Bokaro Steel Plant on the basis of the option chosen by them under the initial pension scheme, for ex-employees who have retired before March 2013 and whose pension amount is less than 2 lakhs. The process of payment of pension amount was inaugurated on February 10 by Executive Director (Personnel and Administration) of Bokaro Steel Plant, Mukul Prahlad and Executive Director ( Finance and Accounting) D K Saha in the presence of employees of Personnel and & IT department. On the first day of the inauguration of this process, applications from about 100 former employees were received. It is worth mentioning that SAIL Pension Scheme has been implemented in Bokaro Steel Plant from February 03.

For this, counters have been set up in the local Friendship Building, Personnel Municipal Administration Office and Human Resource Development Department (T&D). So far, more than 9000 ex-employee / entitlement dependents have received information about their pension amount from these counters. The scheme is being executed in a phased manner.

In the first phase of the implementation of the scheme, the executive who retired between the period 01.01.2007 to 31.03.2013, and the non-executive who retired between 01.01.2012 to 31.03.2013, and the amount deposited in their pension fund Less than Rs 2 lakhs will be eligible to avail the scheme.

For this, they can register online at https://pension.sailbsl.in from any city, sitting at home or cyber café. After registration, they can submit their filled-in printed forms at the counters created for the pension scheme along with documents.