Pension subsidy sore not treated

 Manish Sabharwal

 Managing Director

 India Life Hewitt

 Since the Reserve Bank of India has sole control on the largest single asset of pension funds in the country (special deposit scheme), it is uniquely positioned to energise pension fund reform. Unfortunately we have been ignored again.

 The continued subsidy by tax payers of organized pension plans (by non-market linked rates of SDS) and the negative spreads on payout rates (held up by the Provident Fund Commissioner