ABSTRACT
Important as is the NPS reform, reform of existing occupational schemes that cover the organized sector is also needed in India today, even though today’s organized sector represents only a small part of the Indian workforce. If the size of the organized sector grows, occupational pension schemes will play an increasingly important part of India’s social protection framework and could be used as a tool by which to support fi nancial inclusion goals. In the following chapters, we present an overview of both compulsory occupational pension schemes in which employers and employees are required to participate and voluntary occupational pension schemes that employers may establish. We identify shortcomings in their design, regulation, and supervision, and make recommendations for reform.
