The federal government will arrange a committee below the finance secretary to enhance the Nationwide Pension System, an outlined contribution scheme launched in 2004, to deal with worker considerations whereas additionally adhering to fiscal prudence, the FM stated on Friday. The choice comes on the again of calls for to revert to the Outdated Pension Scheme, which offered outlined advantages sans worker contribution. The committee might also take into account the Andhra Pradesh mannequin of a hybrid scheme (Assured Pension Scheme) involving contributions and outlined payouts. The proposal for a hybrid construction was made by the RBI group headed by BK Bhattacharya in 2003. ISHAAN GERA appears to be like on the info:
