<h1>Government Increases Family Pension for Bank Employees to 30% of Last Salary, Raises NPS Contribution to 14.</h1> The government has approved an increase in the family pension for bank employees to 30% of the last salary drawn, potentially raising it to Rs. 30,000-Rs. 35,000 per family. This decision, announced by the Secretary of the Department of Financial Services, follows the 11th bi-partite wage revision settlement. Previously, the pension was capped at Rs. 9,284. Additionally, the employer's contribution to the National Pension System (NPS) for public sector bank employees will rise from 10% to 14%, enhancing financial security. These changes aim to provide better support to bank employees and their families.