SBI research says return to Old Pension Scheme from NPS is unsustainable

SBI research says return to Old Pension Scheme from NPS is unsustainable: According to SBI Research, switching back from the new pension scheme (NPS) to the old scheme, also known as PAYG (pay-as-you-go), would be equivalent to committing fiscal hara-kiri, or suicide. Rajasthan and Chhattisgarh state governments recently announced that they are reverting to the old pension scheme in order to keep their election promises. According to an SBI research note, the PAYG scheme is not financially sustainable for the state, despite the fact that it is always an appealing opti      Read More