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Figure 1 India’s Social Security System: An Overview

India’s Social Security System. Public Sector. Occupational. Voluntary Tax. -. EPFO. Civil Service. Schemes for. Enterprises. Pension. Advantaged. Schemes. Schemes. Unorganized Sector. (Usually DB. Schemes. Schemes. (. traditionally. Schemes). DB but. significant shift.

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Figure 1 India’s Social Security System: An Overview

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  1. India’s Social Security System Public Sector Occupational Voluntary Tax - EPFO Civil Service Schemes for Enterprises Pension Advantaged Schemes Schemes Unorganized Sector (Usually DB Schemes Schemes ( traditionally Schemes) DB but significant shift to DC) DB DC unity - - EDLI EPF EPS State Government Central Government Local Bodies National Assistance Schemes NGOs, Family, and Comm State Assistance Schemes Group Insurance Welfare Bodies Pension products of Life Insurance Companies DB DB - DB - Small saving s schemes - NCPS DC DC NCPS DC NCPS - - - GPF GPF GPF GS GS GS Figure 1India’s Social Security System: An Overview

  2. Abbreviations Used DB Defined Benefit DC Defined Contribution EDLI Employees’ Deposit Linked Insurance Scheme EPF Employees’ Provident Fund EPS Employees’ Pension Scheme GPF Government Provident Fund GS Gratuity Scheme NCPS New Civil service Pension Scheme NGO Non-Government Organizations

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