'Need to widen pension net to those earning over 15,000'
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'Need to widen pension net to those earning over 15,000'
MUMBAI: There is a need to extend pension coverage to workers earning above Rs 15,000 a month, said M Nagaraju, secretary in the department of financial services, calling the current framework inconsistent and inadequate for large sections of salaried employees in the private sector.At the CII Fina»»»
Govt to bridge inconsistencies in pension rules: DFS Secretary D Nagaraju
The government plans to boost retirement savings. It will address pension rule gaps affecting both organised and unorganised workers. Currently, those earning over ₹15,000 monthly are not automatically enrolled in pension schemes. This leaves many without a secure future in old age. The government »»»
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