Thursday, August 28, 2014

Rebooting pension reforms with retirement plans

...........The original design of NPS was visionary—unbundling fund management, centralized record keeping and annuitization, portability across employers, individual accounts, simplified commoditized indexed product options and low costs through competitive bidding. The NPS that has got implemented on the ground is not the first-best solution as was envisaged but a diluted version of the original framework..........

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