翰威特+-+印度养老金改革 Pension Reforms in India

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1、PensionReformsinIndia4thGlobalConferenceofActuariesIndiaLifeHewitt15thFebruary2002AgendaBackground&CurrentFrameworkBasicIssuesReformInitiativesReformInitiativesintheprivatesectorIndiaLifeHewittBackgroundStrongJointfamilyconceptWiththePatriarchasthepivotprovidedOldAgeSecurityW

2、asadequateinaagrarian&ruralsocietyIndustrializationandurbanizationunderminedthetraditionalconceptEvenifprevalenteffectivenessasanoldagesecuritytoolisdoubtfulIndiaLifeHewittOldageSecurityPlansCivilServiceSchemesGovernmentatCentreandthestateassuredpensiontotheiremployeesPension

3、isnon-contributory,indexed,DefinedBenefit&totallyunfundedandpaidonPAYGProvidentFundcontributedbyemployeesMostoftheQuasiGovernmentinstitutionshaveadoptedthesimilarschemesIndiaLifeHewittOldageSecurityPlansMandatedIndustrySchemesProvidentFundSchememandatedbyacentrallegislationac

4、rossthecountryProvidesforcontributoryProvidentFundPensiontowardswhichapartoftheProvidentFundContributionsaredivertedGratuitySchemeagainmandatedbyacentrallegislationLumpsumpaymentbasedonlastdrawnwagesattheterminationofemploymentafterafiveyearsofcontinuousserviceIndiaLifeHewitt

5、OldageSecurityPlansVoluntaryIndustrySchemesSuperannuationPlansintroducedbyemployersvoluntarilyPredominantlyintroducedbyCorporatesandDBEitheradministeredbytheTrusteesorbyLICOtherOldagesecurityschemesintroducedbytheGovernmentsGovernmentsatthestateaswellasatthecentrehaveintroduc

6、edafewschemesIndiaLifeHewittCoverageEstimatedworkingpopulationisabout350million15%ofwhichissalariedemployees(ofwhichGovernment23%&Non-Government49%)53%areselfemployed31%areCasualcontractworkersOnlythesalariedemployeesarecoveredbyanykindofpensionplans28%ofsuchsalariedemployees

7、arealsonotcovered.Effectivelythismeanshardly10%oftheworkingpopulationiscovered.Asapercentageofpopulationitisaminiscule3%IndiaLifeHewittBasicIssuesIndiaLifeHewittIndiaLifeHewittPensionCrisesCivilServicePensionsCentralGovtPensionliabilityis15%ofthenettaxrevenueason2000-01Combin

8、edwithStatepensionsthepensionliabilityaccountsfor2.25%oftheGDPDemogr