India's Pension Crisis is Everybody's Crisis

In which I take Amit Varma’s podcast The Seen and the Unseen’s episode 347: India’s Pension Crisis, which he talks with guests Ajay Shah and Renuka Sane. In 2004, India switched from a traditional defined benefit plan for its public pensions to a defined contribution plan… and opened it up to the general population as well. In theory, at least. Evidently, in recent years, it has been running into political trouble. The issues in India’s retirement system woes are similar to the ones seen internationally.

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Episode Links

The Seen and the Unseen with Amit Varma

Episode 347: India’s Massive Pensions Crisis

It might seem to be a subject that would interest only wonks and retirees, but “pensions can reshape an entire society.” Ajay Shah and Renuka Sane join Amit Varma in episode 347 of The Seen and the Unseen to explain why — and to take a deep dive into the crisis India is facing right now.

Photo by Previn Samuel on Unsplash

Photo by Sylwia Bartyzel on Unsplash

Ajay Shah

Ajay Shah’s home page

Ajay Shah c.v.

Ajay Shah, 2006: Pension guarantees are subtle

Ajay Shah, 2018: Stay the course on the NPS

Choices Have Consequences

• Retirement Policy

• Retirement Age

• Retirement Benefit Design – COLAs, Replacement Rate, Indexing, and More

• Funding (or, rather NOT funding) Public Pensions

• Pension Obligation Bonds

• Public Pension Investments in Alternative Assets