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A STUDY OF NEW PENSION SCHEME AS A DEPENDABLE OPTION IN INDIAN SCENARIO

Dr. Ananya Mishra Dr. Manish Jain

Abstract


Abstract:- Since long India been a heaven for Pensioners for Government Employees may be State and Central Government but some later developments and introduction of New Pension Schemes under Pension Reforms added a new vista to this part of the world. National Pension Scheme (NPS) was launched in January 2004 for Government employees later opened to all sections. The scheme allows subscribers to contribute regularly in a pension account during their working life. On retirement, subscribers can opt for withdrawal a part of the corpus in a lump sum and use the remaining corpus to buy an annuity to secure a regular income after retirement. Government is making all efforts to make it popular as well as successful by making it mandatory, advertisement, Income Tax benefits etc.

Keywords:- Pension, Retirement Corpus, Social Security.


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References


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