Mizoram Provisional Employees Savings Scheme

Mizoram Provisional Employees Savings Scheme is a mandatory retirement savings scheme for provisional government employees in Mizoram who build a pension fund through small, defined monthly contributions from their wages. The scheme gives employees future financial security and offers structured options for partial withdrawals during emergencies and lump-sum exits on retirement or separation from service.

Finance Department, Government of Mizoram runs this scheme under the Mizoram Provisional Employees Savings Scheme, 2024, which came into force on 1st September, 2024. The scheme was later amended by a Finance Department notification dated 30th May, 2025, and the actual implementation became effective from the month of June, 2025. As of August 2026, the scheme is in force for all provisional employees whose engagement is approved by the DP&AR and Finance Department.

Mizoram Provisional Employees Savings Scheme - Introduction

Mizoram Provisional Employees Savings Scheme is a savings scheme that lets provisional employees make defined contributions towards planned savings, so they can secure their future in the form of a pension. It is an answer to the problem of providing adequate retirement income to provisional staff whose engagement has been officially approved by the DP&AR and Finance Department.

There is no matching contribution from the employer. Employees contribute a minimum of 5% of their monthly wages, and the Drawing & Disbursing Officer (DDO) deducts this amount directly from the monthly wage bill. A Nodal Office manages the whole scheme under the direction of the Finance Department, so records and money movements stay clear and well organised.

Every member receives a unique 9-digit number from the Nodal Office. The first four digits show the year of birth of the member, and the last five digits are the running serial number of the individual provisional employee, starting from 00001.

Key Information

Benefits

Members gain several financial advantages that support both their career and personal life through the scheme:

• Steady savings growth: Regular small monthly deductions build a meaningful retirement corpus over time.
• Emergency funding: Partial withdrawals are allowed for specific reasons such as higher education of children, marriage of self or children, purchase or construction of a residential house, and treatment of illness of self or family members.
• Nomination security: Members nominate family members who receive the accumulated savings in case of death, so the money supports the family.
• Centralised management: The Nodal Office and Fund Manager handle records and payments, keeping the process accurate and professional.

For instance, a provisional employee who has contributed for six years can apply for a partial withdrawal to cover a child's higher education expenses under the scheme rules.

Eligibility

To take part in the scheme, an employee needs to meet these conditions:

• The engagement must be officially approved by the Department of Personnel & Administrative Reforms (DP&AR) and the Finance Department, Government of Mizoram.
• The employee should be registered under the existing relevant employee provident systems.
• At least one family member must be nominated as the beneficiary for the scheme.

Contributions start from the month following the official joining date, not from the month of joining itself. Members can reduce or increase their rate of contribution once during the course of the year, only in the month of January.

Partial Withdrawal Guidelines

Partial withdrawal lets a member take out a part of their own contribution under certain conditions:

• A member may withdraw up to 1/4th (25%) of the total balance.
• A maximum of 2 such withdrawals is allowed during the entire service tenure.
• The member must have been an active subscriber for at least 5 years to qualify for these withdrawals.

Application Process

Enrolment and account management follow a clear set of steps through the DDO and the Nodal Office:

STEP 1 - On joining, submit the required details using Form-I to the DDO, who passes it to the Nodal Office.

STEP 2 - The Nodal Office creates an entry in the Index Register and assigns a unique 9-digit member ID.

STEP 3 - Once registered with the Fund Manager, the Nodal Office sends the unique ID back to the DDO for the member's records.

STEP 4 - To change the contribution rate, submit the request in January of each year, as changes are allowed only once during the course of the year.

Documents

Keep these documents ready for application and withdrawals:

• Official ID proof and verification of current employment status.
• Active bank account details for payroll and deduction processing.
• Signed nomination forms (Form-II) to name the beneficiaries.

References

Official Scheme Guidelines

Finance Department Official Website

Amended Scheme Notification (30 May 2025)

FAQ's

What is Mizoram Provisional Employees Savings Scheme?

It is a retirement savings scheme for provisional employees in Mizoram that builds a pension fund through defined monthly contributions from wages.

Who qualifies for enrollment?

Any provisional employee whose engagement is approved by the DP&AR and the Finance Department of Mizoram is eligible.

What amount will be deducted monthly?

Members contribute a minimum of 5% of their monthly wages toward the scheme.

Can I adjust my contribution?

Yes, the contribution rate can be changed once during the course of the year, only in the month of January.

What if I leave my job early?

In the event of resignation or removal, the total accumulated savings are paid in a single lump sum to the member.

Can I take money out during my service?

Yes, up to two partial withdrawals are allowed for reasons like education, marriage, house purchase or medical treatment, provided the member has completed at least 5 years in the scheme.

Are my family members protected?

Yes, in the event of death, the nominated family members or legal heirs receive the full accumulated savings amount.