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Article: INDIA TO HAVE CONTRIBUTORY PENSION SCHEME FOR NEW GOVT STAFF.
- Article from:
- AsiaPulse News
- Article date:
- April 17, 2003
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WASHINGTON, April 17 Asia Pulse - A contributory pension scheme for new entrants to government service is likely to be announced by the end of next month, India's Finance Secretary S Narayan said here.
The new entrants will not get pension from the federal government but would come under the new scheme, he said, adding that those in the organised sector will also be eligible to join it.
To provide a comfort level for those who want to get into it, the pension fund would not necessarily be managed by the goverment but by one of the institutions like the Life Insurance Corporation, he said yesterday at the Heritage Foundation here.
Narayan also ...