Government planning new pension scheme with investment in state securities

According to a report by The Indian Express, the government is developing a new contributory pension plan to broaden retirement benefits beyond the current Employees' Pension Scheme (EPS). This initiative is designed to cover both organized and unorganized sector employees, as well as gig and platform workers. The scheme is likely to operate on a defined contribution basis, where retirement funds are placed into government-backed securities.

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Government planning new pension scheme with investment in state securities | ShortKT