International Research journal of Management Science and Technology
ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST
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A STUDY ON PENSION FUND EXPENDITURE
2 Author(s): CHAITHANYA S, DR. VENKATESH
Vol - 8, Issue- 3 , Page(s) : 190 - 193 (2017 ) DOI : https://doi.org/10.32804/IRJMST
The pension system in India should encourage sufficient pension contributionsduring employees earning lifespan to finance a reasonable standard of living aftertheir retirement. A well-designed pension system is one which is economicallyand financially sustainable, while providing for a meaningful retirement incometo the beneficiaries. It also accumulates long-term savings that aid investmentsin infrastructure. Since, pension plans are very long-term plans, small changes incontributions and investment returns can make a big difference in the terminal corpus,owing to the power of compounding.