Managing Legacy Costs of Defined Benefit Pensions in India
by
Cheolsu Kim, Gary Hendricks
Language: English
Release Date: December 1, 2011
India's civil service retirement benefit system, based on a defined benefit scheme, imposed an annual expenditure of over $30 billion on the central and state governments. In an effort to truncate the unfunded scheme, which covers 30 million central and state government employees, the Government of...