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Current Affairs- Today

 The Pension Fund Regulatory and Development Authority (PFRDA) reported that around 2 million individuals bought in for Atal Pension Yojana between April 2020 and August 2020. It has brought the base of government supported annuity plan to 21 million. 

Substance 

Features 

Concerns 

Path Forward 

Mercer Global Pension Index 

Features 

The PFRDA likewise reported that the Assets Under Management (AUM) of the National Pension Scheme is set to contact Rs 5 lakh crores before the finish of September. Presently, the AUM is Rs 4.85 lakh crores and is to develop at 34% every year. The 11-year exacerbated yearly development pace of various plans in India are as per the following 

Public Pension Scheme: 9.09% 

Corporate Bond Scheme: 9.09% 

Government Security Scheme: 10.64% 

The Mercer Global Pension Index 2019 positioned India at 32nd out of 37 nations. 

Resources Under Management is the complete market estimation of speculations that an individual oversees for the benefit of the customers. 

Concerns 

The mortality encounters in nation has been expanding. In any case, the enhancements in personal satisfaction have not kept pace. It is normal that the reliance proportion which is 1:7 right now is to increment to 1:5 in 2030. Reliance proportion is utilized to gauge pressure on beneficial populace. 

Path Forward 

The spread in disorderly part ought to be expanded. The pensionable age ought to be expanded and ought to be the contributing levels. The base age to get to advantages ought to be endorsed. 

Mercer Global Pension Index 

In 2019, India remained at 32nd situation out of 37 nations. It has improved when contrasted with 2018. It was at 33rd situation in 2018. It was a result of more noteworthy adaptability in overseeing retirement, announcing around private benefits plans and strategies that drafted comprehensive and supportable annuity frameworks. 

The report denoted that the Atal Pension Yojana that secured the disorderly division was of incredible help to the beneficiaries. It helped the beneficiaries spare before their retirement. Additionally, the supplemented the achievement of other annuity plans of sloppy laborers, for example, 

PM Karam Yogi Maan Dhan Scheme for retailers 

PM Kisan Pension Yojana for little and minimal ranchers 

PM-Shram Yogi Maan Dhan that secured laborers from chaotic area.


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