The Indian government has undertaken several measures to provide financial security to its employees. In this regard, it has planned to introduce different types of pensions for its employees.

• The government will introduce a new pension scheme that allows employees to contribute for their pension plans. This scheme will replace the current Defined Benefit Pension scheme.
• Under the new scheme, employees can choose their contribution amount, which will be matched by the government.
• The National Pension System (NPS) is another popular pension scheme in India, which is managed by the Pension Fund Regulatory and Development Authority.
• The NPS is a market-linked pension plan in which employees can choose their fund manager and invest in different asset classes such as equity, debt, and government securities.
• The government has also introduced a Pension Fund Regulatory and Development Authority (PFRDA) bill to regulate the pension sector in India.
• The government is also offering a voluntary exit scheme, which allows employees to retire before their retirement age with a lump sum amount.

These initiatives by the Indian government aim to provide financial security to its employees and ensure that they have a comfortable life after retirement.