In which I take Amit Varma’s podcast The Seen and the Unseen’s episode 347: India’s Pension Crisis, which he talks with guests Ajay Shah and Renuka Sane. In 2004, India switched from a traditional defined benefit plan for its public pensions to a defined contribution plan… and opened it up to the general population as well. In theory, at least. Evidently, in recent years, it has been running into political trouble. The issues in India’s retirement system woes are similar to the ones seen internationally.
Episode Links
The Seen and the Unseen with Amit Varma
Episode 347: India’s Massive Pensions Crisis
It might seem to be a subject that would interest only wonks and retirees, but “pensions can reshape an entire society.” Ajay Shah and Renuka Sane join Amit Varma in episode 347 of The Seen and the Unseen to explain why — and to take a deep dive into the crisis India is facing right now.
Ajay Shah
Ajay Shah, 2006: Pension guarantees are subtle
Ajay Shah, 2018: Stay the course on the NPS
Choices Have Consequences
* Retirement Benefit Design – COLAs, Replacement Rate, Indexing, and More
* Funding (or, rather NOT funding) Public Pensions
* Public Pension Investments in Alternative Assets
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