It is a voluntary and contributory pension scheme, under which the subscriber would receive following benefits:

1. Minimum Assured Pension- Each subscriber under PM-SYM shall receive minimum assured pension of Rs. 3000 per month after attaining the age of 60 years
2. Family Pension- If the subscriber dies during the receipt of pension, the spouse of the beneficiary shall be entitled to receive 50% of the pension received by the beneficiary as family pension. Family pension is applicable only to spouse.
3. Benefit for Spouse- If a beneficiary has given a regular contribution and died due to any cause (before age of 60 years), his/her spouse will be entitled to join and continue the scheme subsequently by payment of regular contribution or exit the scheme as per provisions of exit and withdrawal.