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Social security: Pension cover extension to 38 cr workers on the cards
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financialexpress.comTo bridge the disparity between higher life-expectancy and lack of income support in the old age, the government is considering launching a mission to provide credible retirement benefit cover to nearly 38 crore hitherto uncovered workforce in the country.
Currently, around 12 crore workers, the bulk of whom in the organised sector, enjoy some kind of retirement benefit under either of the following schemes: Employment Provident Fund (EPF), National Pension System (NPS), PM Shrarm Yogi Maandhan, Pradhan Mantri Kisan Maan-Dhan Yojana, Coal Mines Providend Fund, Assam Tea Plantation Provident Fund, Seamen Provident Fund, and various other superannuation funds.
“Inter-ministerial consultations are taking place on how to arrive at
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