According to the agreement, Geojit Financial Services employees will contribute a minimum amount of Rs 500 towards the UTI Retirement Benefit Pension Fund up to the age of 55 years so as to enable them to receive pension in the form of periodical income/cashflow after they reach the age of 58 years, a press release issued here on Wednesday said.
"As a financial services firm we have to show the way and help our employees prepare for their future retirement. This pension fund is notified, with tax benefits under Section 80 C of the Income Tax Act," Geojit Financial Services' MD C J George, said.
