An Overview of National Pension System: Trends and Progress

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Prof. Prashanta Athma, Somprakash Kanuganti


Pension Schemes are specially designed to ensure steady source of income for the post retirement life and to reinforce economic independence of the citizens of a nation. After the introduction of NPS on 1st January, 2004, employees joining in the government organisations ought to subscribe to National Pension System (NPS) to avail pension amount. Subsequently, the NPS has rolled out the pension schemes even for the non-Government employees. By the end of the financial year 2021, NPS was offering altogether twelve (12) pension schemes for both the Government employees (2) and Non-Government employees (10) that include the employees working in Private Organisations, Self-Employed personnel, and Unorganised Sector workers.

Therefore, in this research paper the trend and progress of all the 12 pension schemes standing in the books of NPS by the end of the FY2020-21 are presented. The important parameters selected for the study are Number of Pension Funds, Number of Pension Schemes, Number of Subscribers, Amount of contribution from the Subscribers, Assets under Management (AUM), and Net Assets Value (NAV). Data pertaining to these parameters are collected from the annual reports of NPS Trust, PFRDA website and NSDL. Statistical tools like, CAGR, Correlation, and Least Square Method of Linear Regression are applied in trend analysis. The results show that there is a growing trend in all the select parameters of the study.

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