National Pension System
India has a complicated pension system that is complex. There are however three main components to this Indian pension structure: social solidarity assistance , referred to as the National Social Assistance Programme (NSAP) for the elderly and poor as well as the civil servants' pension (now available to everyone) and the obligatory defined contribution pension plans operated by the Employees Provident Fund Organisation of India, which is for private sector workers and employees of state owned enterprises as well as several other voluntary plans. Minimum pension that is not a contribution The National Social Assistance Scheme is an unrestricted social safety net for people who are old, poor and disabled that fall under the official poverty level. It is a non-contributory retirement pension that was introduced in 1995. It's targeted towards people between the ages of 60 and 65 old who are not working for pay either due to medical reasons or because they cared ...