I have written 35 blog posts on the subject of pensions. Day Zero of the New Pension System was 10 April 2007. It took 135 days to get to Day One, which was 24 August 2007. Now, on 29 August 2008, the Central Recordkeeping Agency is up and running, and hopefully the NPS will soon be open for business with individual accounts, multiple fund managers and multiple styles.
This is ten years and a month after Project OASIS began. The wheels grind slow, but they grind true. You might like to see this article by S. A. Dave (written in 2006) about the Indian pension reforms.
And, Mukul Asher has an article in Mint emphasising the four tasks of Indian pension reform.