THE NATIONAL PENSION SYSTEM (NPS)

THE NATIONAL PENSION SYSTEM (NPS)
Author(s):
Mohammad Umar
Keywords:
Contributory Pension-Deferred Pension Account Scheme-National Pension System, Pension Fund Regulatory Development Authority- Personal Retirement Account (PRA),-Pension Fund Managers (PFM)
Abstract
The National Pension System (NPS) was introduced as a contributory pension scheme made applicable to the employees of the Central Government which later on opened to the general public as well in 2009. The basic difference between the old and the new scheme is that while the earlier system was defined the new one is totally based on investment returns along with accumulations until retirement age.
Article Details
Unique Paper ID: 154201 Publication Volume & Issue: Volume 8, Issue 10 Page(s): 305 - 308
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