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Pensions in India

There are three major components to the Indian pension system: the civil servants pension, the mandatory pension programs run by the Employees' Provident Fund Organisation of India, and the unorganised sector pension called the National Social Assistance Programme (NSAP).[1]

The State of Uttar Pradesh has implemented E-pension system which allows filling up of pension forms, checking, verification and payment using an online system.[2]

The National Pension System (NPS) is a voluntary defined contribution pension system administered and regulated by the Pension Fund Regulatory and Development Authority (PFRDA), created by an Act of the Parliament of India. The NPS started with the decision of the Government of India to stop defined benefit pensions for all its employees who joined after 1 January 2004. While the scheme was initially designed for government employees only, it was opened up for all citizens of India in 2009. NPS is an attempt by the government to create a pensioned society in India.[3]

Government schemes

Government of India launched Pradhan Mantri Shram Yogi Maan-Dhan (PMSYM) in February 2019 to provide an assured pension of 3,000 (US$42) per month to unorganised workers.[4]


  1. ^ India Social Pension Archived 2012-05-01 at the Wayback Machine. Accessed April 29, 2012.
  2. ^ "Akhilesh Yadav approves E-pension scheme in Uttar Pradesh". IANS. Retrieved 3 July 2014.
  3. ^ [1]
  4. ^ "Good News! Unorganised workers can now subscribe to this pension scheme", Financial Express, 17 February 2019