Majdoor Suraksha Yojna (MSY) is a project initiated by Workers India Federation (WIF)
which is the legal body of office for Labour, Catholic Bishop's Conference of India.
Presently MSY consists of retirement pension (Swavalamban / NPS Lite), Life insurance,
and education assistance for selected children of MSY subscribers.
All the India Citizen, who are coming under the afe between 18 to 60 and those are not the members of PS and ESI
scehem shall be enrolled in MSY program.
A MSY memeber should pay an annual subscription Rs. 1200 (12 month @ Rs.100).
However the membership could be operational even when the subscriber remit Rs.250
but the subscription should be completed before February last with Rs.950 to be eligible for
yearly Government subsidy of Rs.1000.(Subsidy of center government has announced 1000 per year up to 2017 for those who are joining before the year of 2014).
The subscription amount will be distributed and remitted in the following manner. Rs.100 will
be remitted with LIC as the premium of life insurance, and Rs.1050 (in the first year and Rs.1100 in the preceding years) will be deposited with PFRDA and Rs.50 will be accounted as
the Registration (one time) charge.
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