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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PERCEPTION TOWARDS THE ACCEPTABILITY AND IMPLEMENTATION OF THE NEW PENSION SCHEME: A STUDY IN THE STATE OF ODISHA

    3 Author(s):  ANSUMAN MAHANTI, PROF.(DR.) SANTOSH KUMAR TRIPATHY, DR. BIJAYA KUMAR SUNDARAY

Vol -  8, Issue- 6 ,         Page(s) : 134 - 149  (2017 ) DOI : https://doi.org/10.32804/IRJMST

Abstract

Pension funds nowadays in India play a huge role in development of the economy and it plays active role in the Indian equity markets. This induced the Government to take major steps in pension reform by introducing the `Defined Contribution’ New Pension Scheme (NPS) to all Government employees who joined after 1.1.2004. A change both in the perception towards acceptability of the new pension scheme which adds to the quality of life in the years to come and if the person further provides for healthcare he can add years to his life. This paper examines the perception towards the acceptability and implementation of the new pension scheme of Government of Odisha. The results of this research can be of immense value to the insurers for framing and designing suitable pension products, addressing customer needs. In the end, the customer would benefit largely from this study, as pension products would be designed to suit his / her requirements.

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