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HERE IS AN ARTICLE FROM ECONOMIC TIMES Dt.11.11.2011. IT EXPLAINS HOW THE SCHME IS IMPLEMENTED IN HASTE, HOW EMPLOYEES MONEY IS KEPT IDLE, THEREBY NO INCOME GENERATED OUT OF IT
The New Pension Scheme (NPS), which should have become an important part of the country's savings landscape, is dead, at least for the time being. This, more or less, is what a government committee set up to examine the NPS is saying.
The recommendations of the 'Committee to Review Implementation of Informal Sector Pension', (the Bajpai committee on NPS reforms) have been put up on the website of the Pension Fund Regulatory and Development Authority (PFRDA ), inviting comments.