Pension Policy: Why is Pension Proving a Burden For Governments in India?

References

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@article{1703738,
      author = {Manisha Singh, Dr. R. P. Singh, Vishakha Singh},
      title = {Pension Policy: Why is Pension Proving a Burden For Governments in India?},
      journal = {Iconic Research And Engineering Journals},
      year = {2022},
      volume = {6},
      number = {2},
      pages = {40-44},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1703738.pdf},
      abstract = {Planning personal finance is one of the important parts of everyone?s life and especially when we talk about retirement it is an event that requires needful security. More so than it has become vital for survival and as there are several schemes prevailing for the same, it seems quite doable. It is essential to make the right decisions while getting retired as there isa nefarious number ofschemes in the market that one can choose from and get benefited from. Also, it is getting quite burdensome for the government to avail pensioners. This paper deals with positions of before and after taxation on pensioners as per normal rule and section 115 BAC rule. It also dwells on the management and planning aspect of pensions, their risk vulnerability, and their evaluation. It also shares some progressive ways to make it affordable for the exchequer to provide a basic pension cover and be able to provide pensions to a wider section of the workforce.},
      keywords = {Government, Pension, Salary, Taxation},
      month = {August},
  }