Updated On: 09 November, 2015 02:00 PM IST | | PTI
<p>To overcome a massive debt burden that the state faces, the Maharashtra finance department, in its projection of pensions to be accorded over the next 15 years, has recommended that no fresh institutions or cadres be covered under the pension scheme</p>
To overcome a massive debt burden that the state faces, the Maharashtra finance department, in its projection of pensions to be accorded over the next 15 years, has recommended that no fresh institutions or cadres be covered under the pension scheme.
As per a white paper report by the finance department, the proposal for a reform in the pension scheme at the state level has been pending since 1995.