welcomewiki has just posted in the HR Forum forum of Wiki Newforum under the title of All about the New Pension Scheme.
This thread is located at http://www.wikinewforum.com/showthread.php?t=5839
Here is the message that has just been posted:
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From May 1, Indians have access to another investment avenue to plan for retirement in the New Pension Scheme (NPS).
The scheme has been in the pipeline for at least five years but it finally took shape in 2007-08. Although the government was pushing for the scheme after a law providing statutory backing to the regulator was enacted, the Left parties, which were supporting the United Progressive Alliance government, did not allow the passage of the Bill.
So, last year, the government decided to go ahead by allowing the NPS Trust to enter management agreements with fund managers. What benefits does the NPS offer? Who is eligible? Business Standard provides a ready-reckoner.
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