Pension schemes in India: A debate on new vs old (Record no. 524041)

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100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Anand, Nitish
245 ## - TITLE STATEMENT
Title Pension schemes in India: A debate on new vs old
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc The Journal of Governance
300 ## - PHYSICAL DESCRIPTION
Extent 27, Jul, 2023: p.91-98
520 ## - SUMMARY, ETC.
Summary, etc Retirement planning is a crucial aspect of financial security, and pension systems play an important role in ensuring individuals experience a secure future once they leave active employment. Pensions, being a source of both financial savings and old-age income security, is an obvious decision for an individual. However, this is not the case in practice. Retirement is distant from one's mind in the early stages of employment when one begins to save. As a result, in the formal sector, the employer's provision of a choice of superannuation benefit, which is mostly based on regulatory requirements, becomes the default option. In India, it has usually been the provident fund, offered by the Employees' Provident Fund Organisation (EPFO), to which employers are also required to make a co-contribution. The Employees’ Pension Scheme (EPS) is a pension component for low-income participants. Furthermore, insurance firms provide annuity-based pensions, and certain mutual funds offer medium to long-term monthly income plans. Pension systems have changed throughout time in accordance with changing demographics, economic situations, and societal demands.- Reproduced
773 ## - HOST ITEM ENTRY
Main entry heading The Journal of Governance
906 ## - LOCAL DATA ELEMENT F, LDF (RLIN)
Subject DIP PENSION
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Item type Articles
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Permanent location Current location Date acquired Serial Enumeration / chronology Barcode Date last seen Koha item type
          Indian Institute of Public Administration Indian Institute of Public Administration 2023-10-26 27, Jul, 2023: p.91-98 AR129914 2023-10-26 Articles

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