Saving for retirement

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A report by Confederation of Indian Industry (CII) and Ernst & Young (EY) on the pension market estimates the current retirement funds corpus in India to be in the range of Rs 12 -15 lakh crore, more than one-third of which lies in the Employees Provident Fund, the principle source of retirement planning for workforce in the organised sector. However, they estimate this corpus to cross Rs 83 trillion by 2025