(Registration) Sail Pension Scheme 2021 Application Form, Employee Login

SAIL has launched Sail Pension for its old employees. The ex-employees of this company will be able to earn their living easily even after retirement through the Sail Pension Scheme. Today we are going to provide you detailed information about this new pension scheme here in this article. Along with this we will also provide it information about all other important aspects of the scheme like eligibility criteria, required documents and registration process. So to see the detailed information about this new scheme, read our article carefully till the end.

About Sail Pension Scheme

SAIL Authority has started Sail Pension as per the guidelines of Department of Public Enterprises, Government of India. This pension scheme has been started with the approval of Ministry of Steel and SAIL Board. Through the implementation of this scheme, the benefit of the facility of Sail Pension Scheme will be provided to the officers and ex-employees working in the Ministry of Steel and SAIL Board of the Government of India.

Highlights of Sail Pension

NameSail Pension Scheme
Launched ByMinistry of Steel & SAIL Board
Year2021
BeneficiariesEx-employees
Application ProcedureOnline
ObjectiveProviding pensions
BenefitsEx-employees
Category—–
Official Websitehttps://sail.co.in/

Beneficiaries of Sail Pension Scheme

The following beneficiaries will be covered under Sail Pension.

  • Executives (including Management trainees) on rolls of the Company on or after 01.01.2007 (including those appointed at the Board level)
  • Non-executives (including trainees recruited for eventual employment) on rolls of the Company on or after 01.01.2012.
  • New entrants –
    • D.o.J
      • After 1.1.2007 (Executives incl. Board level Officers)
      • After 1.1.2012 (Non-executives) also covered from the date of their joining SAIL

Contribution Under Sail Pension

For Executives: Effective from 1.1.2007

Time DurationPension Contribution
1st Jan 2007 To 31st Mar 20159% of Basic Pay + DA
1st Apr 2015 To 31st Mar 20183% of Basic Pay + DA

For Non-Executives: Effective from 1.1.2012

Time DurationPension Contribution
1st Jan 2012 To 31st Mar 20156% of Basic Pay + DA
1st Apr 2015 To 31st Mar 20182% of Basic Pay + DA

Eligibility Criteria

The applicant has to fulfill the following eligibility criteria to get the benefits of the Sail Pension Scheme.

  • The applicant should have retired after minimum 15 years of service with the company.
  • Death/PTD/Medical invalidity for termination of service – irrespective of the period of service rendered

Documents Required

On the time of registration for Sail Pension Scheme you need to follow the following:

  • PAN Card
  • Aadhaar Card of the ex-employee/nominee
  • Cancelled Bank Cheque having the name of the ex-employee/nominee printed on it
  • Proof of deposit of Voluntary Contribution, if any.
  • Death certificate of ex-employee/employee in case of deceased ex-employee/employee

Procedure to Apply Online for Sail Pension

You can apply online for Sail Pension Scheme by following the steps given below:

  • First of all you have to go to the official website of the Sail Pension. After this, the homepage of the website will open in front of you.
Sail Pension Scheme
  • On the homepage of the website, you have to give the option of ” Sail Pension Scheme”. After this, a new page will open in front of you.
  • Here on this page you can see a form where you need to enter all the required details like: –
    • SAIL personnel number
    • PAN
    • Bank account number
    • E-mail
    • Mobile
    • Aadhaar number
  • After filling all the details upload the photographs of self and spouse.
  • Finally, submit the printed annuity application form along with the required documents for commencement of annuity.
  • After logging in through the member/beneficiary portal, details of the company’s contribution to his/her pension account, annuity plan, rates offered by ASP, pension calculator, scheme/policy, details of nodal officers of his plant/unit etc., Can view along with PAN and date of birth of the ex-employee concerned.

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