 "Pension")
The government is set to assess its flagship pension scheme for the unorganised sector and will soon appoint an actuary to conduct an actuarial valuation.
The actuary will be appointed by the labour ministry to assess the Pradhan Mantri Shram Yogi Maandhan (PM-SYM) yojana. The scheme has failed to pick up pace, even after more than five years since it was launched in March 2019.
“The actuary will have to assess the long-term financial sustainability of the scheme by developing a financial model based on actuarial assumptions and analysis to determine the impact of suggested future changes envisaged to the pension scheme
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