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Pension Reform in India
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Pension Reform in India
The Unfinished Agenda

  • H. Sadhak - Non Bank Financial Institutions Regulatory Authority, Botswana


© 2013 | 528 pages | SAGE Response
Changing population dynamics have challenged the socio-economic stability of nations globally. This has brought into focus pension reform as one of the most critical socio-economic-political agendas. Against this background, this book gives a comprehensive account of the Indian pension system and the ongoing reforms.

Pension Reform in India discusses the current National Pension System (NPS) structure and architecture extensively and also throws light on the alternative old-age financial-security schemes available in the country. To enable a better understanding of the critical issues of the hour, the author provides insights into pension reforms in many emerging-economy countries. 

Drawing upon his years of experience in this field and also from exhaustive research of data and publications of international agencies and eminent scholars, the author proposes methods for designing a pension system that is both viable and robust.
Foreword D K Mehrotra  
Preface  
 
I: SOCIAL SECURITY AND PENSION REFORM: A GLOBAL PERSPECTIVE
Social Security and Pension Reforms: Genesis and Challenges  
A Brief Review of Pension Reforms in Selected Emerging Market Countries  
Pension Reforms: Structural Change, Challenges and Impact  
 
II: SOCIAL SECURITY AND PENSION REFORMS IN INDIA: NPS IN A CHANGING SOCIO-ECONOMIC ENVIRONMENT
Changing Trend in Economy, Demography and Ageing in India  
Social Security and Retirement Savings System in India  
Critical Challenges and Pension Reform Initiatives in India  
The Structure, Architecture and Administration of National Pension System  
NPS Lite: A Low Cost Pension Scheme for the Economically Disadvantaged  
NPS, Performance So Far and Structural and Regulatory Constraints  
 
III: PENSION REFORMS IN INDIA: SOME CRITICAL ISSUES AND UNFINISHED AGENDAS
Pension Payouts, Mandatory Annuitization and State of Annuity Market in India  
Pension Products, Default Option and Public Policy  
Investment, Risk Management, Corporate Governance and State of Capital Market  
Pension Fund Regulation and Supervision: Issues and Challenges  
Financial Literacy: Promoting Awareness and Protecting Interest of Investors  
Summary and Some Suggestions  
Pension Fund Terminology  
Index  

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H. Sadhak

H. Sadhak is Dy. Chief Executive Officer (Regulatory Activities), Non- Bank Financial Institutions Regulatory Authority, Botswana. Previously he was an Advisor (Market and Industry) at Price Waterhouse Coopers (PwC) Pvt. Ltd, Mumbai. He has rich experience in financial services industry and has worked in leadership roles in pension fund, mutual fund, life insurance. Prior to joining PwC, Dr Sadhak was the founder MD/CEO of LIC Pension Fund Ltd, Executive Director LIC of India. Dr Sadhak is also an independent researcher and associated with many management institutions and universities as a guest faculty and examiner of PhD work.Dr Sadhak... More About Author

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ISBN: 9788132109792
₹1,250.00