Pension Savings: Victims civil servants

Reform of the National Pension System (NPS) brooks no delay. First and foremost, government employees who joined the service 2004 onwards and are covered by defined contribution pensions must have a choice in asset allocation in the NPS that manages their savings. The employee contributes 10% of her basic salary and the government makes a matching contribution. The funds are managed by professional fund managers, but according to norms. 

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