Implementing an inclusive and equitable pension reform : lessons from India's new pension scheme

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書誌事項

Implementing an inclusive and equitable pension reform : lessons from India's new pension scheme

Cheolsu Kim ... [et al.]

Routledge, 2012

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注記

"Co-publication of the Asian Development Bank and Routledge"

Includes bibliographical references and index

内容説明・目次

内容説明

India is ageing. One response of Indian policy makers has been introduction of the New Pension Scheme (NPS), a defined contribution pension scheme which is mandatory for civil servants and voluntary for the rest of the population. Given the size of the target population, even if take-up is modest, NPS savings may soon provide huge amounts of capital to India's economy. However, challenges are abound. What governance structure will best achieve the ultimate policy goal of serving the needs of savers? What business processes and information technology design will serve members best? How effectively will the NPS attack the problem of old-age poverty? In this book, a multi-disciplinary international team, comprising of economists, lawyers, pension management experts, and capital market experts, explore these and other questions. The book proposes significant legal, regulatory, and governance reforms for the NPS and other existing pension schemes, as well. It finds that current NPS business practices cannot keep pace with potential growth of the system and makes suggestions on how to take better advantage of information technology. Based on review of experience elsewhere and state-of-the-art economic-demographic modelling, it warns that the NPS in its current form does not address the retirement income needs of the lifelong very poor, suggesting that it is only one in a range of responses needed to cope with the challenges of population ageing in India.

目次

Part 1: Introduction, Demographic and Economic Context 1. Introduction 2. Demographic and Economic Context Part 2: The Pension System Reform 3. The New Pension System: Design, Governance, and Institutions 4. New Pension Scheme (NPS) Analysis, Findings, and Recommendations I 5. NPS Analysis, Findings, and Recommendations II: Governance and Institutions Part 3: NPS Communications, Marketing and Business Practices 6. Communications and Marketing for NPS 7. NPS Business Processes and Information Technology Needs Part 4: The Economics and Demography of the NPS 8. The Potential Size of the NPS 9. NPS and the Individual Saver: A Microsimulation Analysis Part 5: Occupational Pension Schemes in India 10. Compulsory Occupational Schemes 11. Analysis, Findings, and Recommendations on Compulsory Occupational Pension Schemes 12. Analysis, Findings, and Recommendations on Unregulated Voluntary Occupational Pension Schemes Part 6: Towards an Integrated Policy 13. Implementing Pension Reform

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