Friday, November 21, 2008

Pension administration matters

Successful pension reforms requires a confluence of good policy thinking, good politics and good administration. The latter seems like housekeeping, but it makes all the difference between lofty ideas and actual execution. A key edge of the New Pension System (NPS) was that right from day one (i.e. circa 1999), there was a fully articulated plan for how every detail of administration would be done. The good folks working on NPS implementation at NSDL, PFRDA, the Department of Expenditure, various state governments, etc. should notice that mistakes in pension administration can be a matter of life and death.

No comments:

Post a Comment

Please note: Comments are moderated; I will delete comments that misbehave. The rules are as follows. Only civilised conversation is permitted on this blog. Criticising me is perfectly okay; uncivilised language is not. I delete any comment which is spam, has personal attacks against anyone, or uses foul language.