EPFO reform: Govt works on new pension plan for all
Government is considering an EPFO-linked pension reform with two options, including a systematic withdrawal structure, to widen retirement security and add flexibility for members of the formal and informal workforce.
- The Union Government is considering an EPFO-linked pension reform with two options, including a systematic withdrawal structure.
- The Employees' Provident Fund Organisation is the institution linked to the proposed pension reform.
What happened
The Union Government is considering an Employees' Provident Fund Organisation (EPFO)-linked pension reform that would create a pension system with two options, including a systematic withdrawal structure. The proposal is being designed to widen retirement security and to add flexibility in accessing pension benefits.
Background and earlier position
UPSC may frame the proposal as a question on social security design, retirement adequacy, portability, and the balance between flexibility and long-term pension protection for workers in formal and informal employment.
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