Beruflich Dokumente
Kultur Dokumente
Pension Reforms
Oasis Committee Recommendations 10 % of annual incr. fund Rate of interest should be at least 5 %. Setting of private funds should be allowed. Regulatory body should be set up. Favorable Tax Treatment for such investments. Individual retirement Pension Account.
Pension Reforms
New Pension Scheme 2003 The following contribution guidelines have been set by the PFRDA: Minimum amount per contribution: Rs. 500 per month Minimum number of contributions: 4 in a year (at least 1 in each quarter) Minimum annual contribution: Rs 6,000 in each subscriber account
Investment options
E Class: Investment would primarily in Equity market instruments. G Class: Investment would be in Government securities like GOI bonds and State Govt. bonds C Class: Investment would be in fixed income securities other than Government Securities
Challenges to NPS
Unorganized Sector Agriculture workers Temporary and casual workers Self employed persons