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Implementing an Inclusive and Equitable Pension Reform: Lessons from India's New Pension Scheme

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Description:India is ageing.One response of Indian policy makers has been introduction of the New Pension Scheme (NPS), a defined contribution pension scheme which is mandatory for civil servants and voluntary for the rest of the population. Given the size of the target population, even if take up is modest, NPS savings may soon provide huge amounts of capital to the Indian economy. However, challenges are abound. What governance structure will best achieve the ultimate policy goal of serving the needs of savers? What business processes and information technology design will serve members best? How effectively will the NPS attack the problem of old-age poverty?In this book, a multi-disciplinary international team, comprised of economists, lawyers, pension management experts, and capital market experts, attempt to answer these and other questions.The book proposessignificant legal, regulatory, and governance reforms for the NPS and other existing pension schemes, as well.It findsthat current NPS business practices cannot keep pace with potential growth of the system and makes suggestions on how to take better advantage of information technology. Based on review of experience elsewhere and state-of-the-art economic-demographic modelling, it warns that the NPS in its current form does not address the retirement income needs of the lifelong very poor, suggesting that it is only one in a range of responses needed to cope with the challenges of population ageing in IndiaWe have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Implementing an Inclusive and Equitable Pension Reform: Lessons from India's New Pension Scheme. To get started finding Implementing an Inclusive and Equitable Pension Reform: Lessons from India's New Pension Scheme, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 279

Format: PDF, EPUB & Kindle Edition

Publisher: Routledge

Release: 2012

ISBN: 1280682019

Description: India is ageing.One response of Indian policy makers has been introduction of the New Pension Scheme (NPS), a defined contribution pension scheme which is mandatory for civil servants and voluntary for the rest of the population. Given the size of the target population, even if take up is modest, NPS savings may soon provide huge amounts of capital to the Indian economy. However, challenges are abound. What governance structure will best achieve the ultimate policy goal of serving the needs of savers? What business processes and information technology design will serve members best? How effectively will the NPS attack the problem of old-age poverty?In this book, a multi-disciplinary international team, comprised of economists, lawyers, pension management experts, and capital market experts, attempt to answer these and other questions.The book proposessignificant legal, regulatory, and governance reforms for the NPS and other existing pension schemes, as well.It findsthat current NPS business practices cannot keep pace with potential growth of the system and makes suggestions on how to take better advantage of information technology. Based on review of experience elsewhere and state-of-the-art economic-demographic modelling, it warns that the NPS in its current form does not address the retirement income needs of the lifelong very poor, suggesting that it is only one in a range of responses needed to cope with the challenges of population ageing in IndiaWe have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Implementing an Inclusive and Equitable Pension Reform: Lessons from India's New Pension Scheme. To get started finding Implementing an Inclusive and Equitable Pension Reform: Lessons from India's New Pension Scheme, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Implementing an Inclusive and Equitable Pension Reform: Lessons from India's New Pension Scheme

Implementing an Inclusive and Equitable Pension Reform: Lessons from India's New Pension Scheme

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