Step 2.2 Pension Scheme

What is pension scheme under BoCW?

The Pension Scheme for Building and Other Construction Workers in Karnataka aims to offer financial assistance to registered construction workers in their retirement years. Eligible workers who have contributed to the welfare fund become eligible for a monthly pension or a lump sum payment when they reach the specified retirement age, which is typically sixty years. This scheme is administered by the Karnataka Building and Other Construction Workers Welfare Board (KBOCWWB) and serves as a crucial source of financial support for construction workers in the state.

What are the eligibility criteria for accessing benefits from pension scheme?

1. To be eligible for the pension, a registered building or other construction worker beneficiary must have completed sixty years of age.
2. Additionally, the beneficiary should have continued as a beneficiary of the Board for at least three years before reaching the age of 60.