<h1>Swavalamban Pension Scheme: Exit Age Lowered to 50, Govt Extends Contribution Period to 5 Years for New Enrollees.</h1> The exit norms for the Swavalamban pension scheme have been relaxed, allowing subscribers to exit at age 50 instead of 60, or after a minimum tenure of 20 years. The government will extend its contribution from three to five years for subscribers enrolling in the current and next fiscal year. An estimated 2 million beneficiaries are expected to join by March 2012. The scheme, aimed at the unorganized sector, has received positive feedback, with over 400,000 applications already submitted.