翰威特--印度养老金改革ppt20英文版！-组织变革(编辑修改稿)

翰威特--印度养老金改革ppt20英文版！-组织变革(编辑修改稿)内容摘要：

with State pensions the pension liability accounts for % of the GDP • Demographics • Expected population increase between 1991 and 2020 is 49% • The elderly persons (60 and above) would increase by 107% • By 2026 elderly persons would constitute 14% of the population India Life Hewitt Other basic issues • Regulatory Framework • There are a number of legislations amp。 authorities that govern Pension plans • Employee PF is over regulated but under supervised • Voluntary Employer Pension schemes are not governed at all • Philosophy of regulation • Explicit framework or implicit framework • Type of Benefit • Defined Benefit or Defined contribution • Tax regime • Currently Voluntary Superannuation plans are EET while PF and gratuity are to a large extent EEE. India Life Hewitt Other basic issues • Accumulation issues • Funding to be made mandatory • Currently Civil service pension is totally unfunded • Pension part of Employee PF may not be adequately funded • Gratuity is most of the time unfunded • Asset segregation • Voluntary SA and Gratuity Trusts are required to be run as irrevocable trusts • EPFO and LIC pool the corporate pension assets India Life Hewitt Other basic issues • Design Issues • Vesting • No statutory norms。