000			01074pab a2200169 454500
008			180718b2009 xxu||||| |||| 00| 0 eng d
100			_aSadhak, H.
245			_aDoes not India need a default option in the new pension system?
260			_c2009
300			_ap.59-68.
362			_a14 Nov
520			_aPension reform modules that take care of the changing demographic profile of a population have put forth a number of suggestions. The accepted defined benefit pension system, which was the broader goal of a welfare state, is slowly giving way to the defined contribution system where risk is borne by the final beneficiaries. This paper, bringing out the many shortcomings of the New Pension System in India, examines the need to include the default option in the scheme. The default option is a necessity to make the DC system more acceptable and successful. A number of countries have this option but not India. A model portfolio is also proposed. - Reproduced.
650			_aPensions
773			_aEconomic and Political Weekly
908			_aN
909			_a84365
999			_c84365 _d84365