SAIL introduces pension scheme for current and former employees

Steel Authority of India Ltd. (SAIL) has introduced its Pension Scheme for the benefit of its eligible ex-employees and employees in line with guidelines issued by the Department of Public Enterprises (DPE) with approval of the steel ministry.

As per the approved SAIL Pension Scheme, all executive employees who were on rolls of the company on or after 1 st January, 2007 as well as non-executive employees on rolls of the company on or after 1 st January, 2012, shall be covered in this scheme.

The Trust Deed was signed by the Trustees nominated by Workers’ Unions, Officers’ Associations and SAIL Management, thereby formalizing the creation of SAIL Pension Trust in a meeting held on April 30, 2019 at SAIL's Corporate Office in New Delhi. .


The Scheme will extend coverage to more than 55,000 ex-employees for availing of this pension benefits. In the initial phase, the eligible employees who have superannuated up to 31.3.2016, will be extended the pensionary benefit in the form of annuities.