[In 2004, the government introduced the National Pension System, - TopicsExpress

[In 2004, the government introduced the National Pension System, or N.P.S. It marked a radical transformation from the government’s benefits-based pension program to one in which employees contribute toward their own retirement funds while employed. The new system affects people employed in the federal government after 2004, with the exception of India’s armed forces, who are part of a separate pension system. State government employees in 27 out of 28 Indian states have also been brought under its ambit, according to a government release.] thehimalayanvoice.blogspot/2013/09/india-moves-to-transform-its-pension.html

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