The New Pension Scheme has decided to break through to the vast majority of the workers in the unorganised sector, who are not financially capable of meeting the minimum investment needs to qu
alify for pension. The proposal would also allow approximately 400-million workers, a large percentage of which is barely literate to get free advice from a nodal group about which scheme would suit them the most. The Pension Fund Regulatory and Development Authority (PFRDA) is planning a low-cost pension scheme that would cost the workers far less than the current annul contribution threshold of Rs 6,000. That threshold works out to 16% of the annual income of an individual, estimated at Rs 37,490 per year, according to the latest data released by the government’s Central Statistical Organisation. The regulator had set the minimum investment limit of Rs 6,000 per year when it opened up for private citizens on May 1 this year.
For further details visit as : http://www.indianexpress.com/news/lowcost-pension-to-cover-400-m-workers/506105/
alify for pension. The proposal would also allow approximately 400-million workers, a large percentage of which is barely literate to get free advice from a nodal group about which scheme would suit them the most. The Pension Fund Regulatory and Development Authority (PFRDA) is planning a low-cost pension scheme that would cost the workers far less than the current annul contribution threshold of Rs 6,000. That threshold works out to 16% of the annual income of an individual, estimated at Rs 37,490 per year, according to the latest data released by the government’s Central Statistical Organisation. The regulator had set the minimum investment limit of Rs 6,000 per year when it opened up for private citizens on May 1 this year.For further details visit as : http://www.indianexpress.com/news/lowcost-pension-to-cover-400-m-workers/506105/
No comments:
Post a Comment