Global pension report not based on reliable comparable data: Ministry
The Hindu
Index has placed India’s system towards the bottom of the list
The Labour and Employment Ministry told the Rajya Sabha on Thursday that a global pension index that placed India’s pension system towards the bottom of the list was “not based on reliable comparable international data”.
The report, which came out earlier this year, ranked India 40 out of 43 countries for its pension system.
To a question by DMK MP M. Shanmugam about the report, Minister of State for Labour and Employment Rameswar Teli replied: “The said Global Pension Index Report, 2021 has been published by Mercer which is a management consulting firm. The index is prepared based on certain criteria of adequacy, sustainability and integrity. It has placed India in the same category as that of Japan, South Korea and a few other countries. This report is not based on reliable comparable international data and does not recognise every aspect of pension system prevailing in a country.”