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Why Pension Reform
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  • Unfunded pension liabilities now 35 to 40 per cent of gross domestic product

  • Government and employees' provident fund money used for current expenditure

  • EPF returns over the last ten years averaged a niggardly 2.5 per cent over the inflation rate

  • New pension body will prevent funds' misuse, ensure proper investment

  • The employees' pension scheme, PPF, may soon need a bailout
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