What ails the New Pension Scheme?

..... It is unfortunate that without resolving the problems of acceptable returns, adequacy of the product as a substitute for a time-tested social security instrument (Defined Benefit Pension Scheme) and acceptance at the beneficiary level, the Centre is trying to impose the NPS on states (which have a stake in the coalition at the Centre) and autonomous institutions like RBI and PSUs, including public sector banks.........

- M.G.Warrier (former General Manager of the Reserve Bank of India)

 

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