National Pension scheme for everybody in India, declares the central government but where's the income?

[aninditasen]

The Indian government has declared that there will be a pension for every citizen in India. To get a pension a individual has to contribute to the National Pension Scheme. Most people in India do not earn enough to contribute to the NPS( National Pension Scheme). So from where is the government going to get that fund for giving the pension.

 

[Stardom22]

I think that the government of India should come up with some proactive measures that could really allow the allocation of payment scheme for all of their citizens for sure.

 

[aninditasen]

I think that the government of India should come up with some proactive measures that could really allow the allocation of payment scheme for all of their citizens for sure.

The government should create sustainable jobs to give that pension at oldage.

 

[Augusta]

That's a good idea but the thing is as you stated where do they get the money from. They need to just adopt a better approach

 

[eLdavis]

Then again, will they actually do this? Like our government they would bring out schemes, make promises but at the end of the day you won't benefit from it.

 

[Starmix]

Your government might have an allocation for pension fund to those who have not saved for pension plan during their younger years. The Ph government also give pension to people who don't have pension because they didn't have work during their younger years but the pension offered to the oldies is peanuts equivalent only to $30 a month. I can't blame the government but blame these people for when they're young, they didn't apply for pension to SSS.

 

[Suba]

I personally often doubt the fundraising made by the government of developing countries, although it has a very good intention for pension funds but the implementation is often corrupt so that when retirement age arrives it will be difficult for individuals to sue the government even though we have paid pension fund contributions every month.