Does India’s Private Sector Need Laws Governing Retirement?

Introduction While individuals employed in government related jobs are statutorily provided with pensions and other retirement benefits, there exists no law governing the provision of such benefits to individuals in the private sector. This means that individuals in the twilight of their careers either have to invest in private retirement plans or approach old age with a great deal of uncertainty. The above is especially troubling in India that has undergone a demographic shift both…

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