What are the implications of using NPS for calculating pension wealth as suggested by EPS pensioners' body
EPS pensioners’ body urges Centre to follow NPS for calculating pension wealth
- NPS may provide more flexibility and choices for pensioners in terms of investment options compared to the existing EPS scheme.
- Using NPS for calculating pension wealth could result in potentially higher returns due to market performance.
- It may also lead to greater transparency and accountability in managing pension funds.
- Pensioners might benefit from lower administrative costs associated with NPS compared to EPS.
- However, transitioning to NPS may require careful planning and implementation to ensure a smooth shift for pensioners and regulatory compliance.
Answered
7 months ago