Abstract
A welfare state is committed to the holistic wellbeing of its citizens. These commitments can only be achieved when the state can establish good governance coupled with innovations throughout its administrative ecosystem. The provision of a defined pension has been earmarked as one of the key social security measures. The National Pension System has replaced the erstwhile General Provident Fund (GPF)-led pension in India, shifting from the socialist ideology to a market-driven model. The article suggests a self-reliant and sustainable Contributory Defined Pension System (CDPS) that would address all these concerns and can be extended to the government, PSUs and private sector.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
