The Seen and the Unseen - hosted by Amit Varma cover image

Ep 334: Jayaprakash Narayan Wants to Mend Our Democracy

The Seen and the Unseen - hosted by Amit Varma

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The Problem With Social Security and Pension

The pension system until now in india is unfunded without putting a rupee or ask next generation to pay second is it is open ended and index linked that means if the pension today is x amount within 10 20s the pension is becoming 10 x 15 x not even a half x. People who retired at 10 000 rupees they're getting 70 to 80 000 rupees pension with enormous increase in salaries of the pay revision commissions regularly, he says. He adds: "If i get a service today why should my children's generation pay out of their tax money towards huge pensions for the services"

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