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

Abstract

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.

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  3. Raddatz, C. &Schmukler, S. L. (2008).Pension funds and capital market development: How much bang for the buck? (World Bank Policy Research Working Paper 4787). Washington DC: The World Bank.
  4. RamdevGowswami, (2010). “Indian Pension System: Problems and Prognosis.” 
  5. S.A.Dave, Robert Palacios, GautamBhardwaj, (2015).“Rethinking Pension Provision for India.”
  6. Vittas, D. (2000).Pension reform and capital market development: 'feasibility' and 'impact' preconditions. (World Bank Policy Research Working Paper 2414). Washington DC: The World Bank.

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