Instead of reviewing the National Pension System, train government employees to understand finance, markets and how to plan for their retirements
On April 6, the Union government set up a committee to review the pension system for government employees to look into the issue of pensions under the National Pension System (NPS)… “and evolve an approach which addresses the needs of the employees while maintaining fiscal prudence and protecting common citizens.” The committee, with finance secretary TV Somanathan as chair, was formed due to a growing clamour by government employees to return to the privilege of a generous inflation-indexed defined benefit pension — something that other workers can never hope to get but is expected to fund.
