The opening up of pensions to the unorganised sector, through the recently initiatited new pension system, is very timely. It marks financial sector reforms in the country in a broad way. The reforms that started with banking and progressed with capital markets and insurance, now include the pension sector. Understandably, it has taken a lot of time, debate and hard decisions to reach this stage. The Pensions at a glance: Asia/Pacific report notes that a quickly ageing population, overly generous pension schemes and early retirement age are putting pressure on pension systems. The report covers the retirement income systems of ...

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