Thursday, November 4, 2010

Is National Pension Scheme Going towards Disaster?

Is NPS Going Towards Disaster?

Recently, I was reading the Article on Valuersearchonline.com,

Is NPS Drifting towards Disaster?

The article is very shocking. According to the article, if right now you are an employee covered under NPS than you should ask some serious questions to your government.

This is because states like Maharashtra and UP are cutting down your 10% salary but not paying it it to the NPS fund managers. The first batch of NPS will be retired by 2035.

So there is still long way to go. But still we can’t say that weather NPS is going towards disaster or not? So better to start taking actions from now. Read the above article and you will know the problem.

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