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Government
Sector
Private Sector
Informal Sector
Pension Scheme
Pension Coverage
Contributory Pensions
Widows , Widowers & Orphans
pensions.
Public Service Provident Fund.
Private Sector Funds (EPF, ETF &
Bank officers etc.).
Informal Sector Pension Schemes.
Non Contributory Pensions
Government sector Civil, Armed
Services and other pensions.
Armed Services
Compulsory retirement 20/22 years
service or *55 age or completion of
service period.(rank) 55% - 85% & 60% 88% Basic pen + COL +GCA
Widows & Widowers Pension
Death of Spouse * Basic Pen + COL
Widows & Widowers Orphans/ Disable
Pension
Death of Parents * Basic Pen + COL
Judicial Services
Higher Courts & Other judicial Officers
55age to 65 age *75% - 90% Basic pen +
COL
Public Service Provident Fund
Non Pensionable Officers
Payment of Benefits
*Member Con + Govt. Con + Interest
GCA - Good Conduct Allowance
COL - Cost of Living Allowance
*Subject to certain condition
2011
2012
2013
2014
2015
Rs.
(Billions)
Rs.
(Billions)
Rs.
(Billions)
Rs.
(Billions)
Rs.
(Billions)
Rs.
(Billions)
Civil
Pensions
73.2
80.3
90.5
104.0
117.9
129.7
W&OP
Payment
17.6
18.6
20.1
18.6
18.8
35.2
Death &
Disable
Payment
10.5
13.3
14.7
16.1
18.2
23.4
101.3
112.2
125.3
138.7
154.8
188.3
Item
Total
Type
2014
2015
Govt. Contributions
Rs. Mn.
PSPF
747
2,029
No of Contributors
PSPF
230,837
232,606
No of Contributors
Farmers
959,254
959,254
Fishermen's
68,738
68,740
Farmers
123,768
136,421
Fishermen's
2,913
3,322
Farmers
2,130
2,381
43
46
No of Parliamentarians
470
470
168
180
No of Pensioners
Payments Rs. Mn
Fishermen's
Proposals
Simplifying the present pension system.
Minimize the government burden on pension.
Introduce pension for all concept and welfare
management system.
Establish self managed contributory pension fund
and governing body to manage the pension fund.
Minimize sustainability issues in informal sector
pension schemes.
Thank You