India

EPFO 3.0: Private-Sector Employees May Also Get Pension Benefits, Government Working on Retirement Master Plan

A pension provides financial security after the age of 60. Government employees receive a fixed monthly pension after retirement, but most private-sector workers do not. Now, the Employees’ Provident Fund Organisation (EPFO) is reportedly exploring major pension reforms. Under the proposal, EPFO aims to introduce a universal pension scheme that…