Pension schemes need strong sense of purpose4 min read . Updated: 04 Jun 2018, 08:29 AM IST
While the Employees' Provident Fund (Employees' Pension Scheme 1995, or EPS95) development is no doubt good for employees, it does beg the question: at what cost?
India needs to define and review the purpose of the different so-called retirement plans that salaried employees are eligible for, and possibly scrap pension under the Employees’ Provident Fund (Employees’ Pension Scheme 1995, or EPS95). However, we recently saw the Employees’ Provident Fund Organisation (EPFO) embroiled in a matter where salaried employees’ EPS95 pension has the potential of increasing significantly. There are several factors and ramifications that need to be considered.
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