National Pension Scheme

National Pension Scheme

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The National Pension System is a defined contribution based pension system launched by Government of India with effect from 1st January, 2004. Like most other developing countries, India does not have a universal social security system to protect the elderly against economic deprivation. As a first step towards instituting pension reforms, Government of India moved from a defined benefit pension to a defined contribution based pension system. Apart from offering wide gamut of investment options to employees, this scheme would help government of India to reduce its pension liabilities. Unlike existing pension fund of Government of India that offered assured benefits, NPS has defined contribution and individuals can decide where to invest their money.show more

Product details

  • Paperback | 60 pages
  • 152 x 229 x 4mm | 100g
  • Rupt
  • United States
  • English
  • black & white illustrations
  • 613640463X
  • 9786136404639