A Comprehensive Critical Analysis of the National Pension Scheme: Structure, Effectiveness, and Practical Applications
DOI:
https://doi.org/10.48047/7fhtbc43Keywords:
National Pension Scheme (NPS), pension systems in India, retirement planning, Employees’ Provident Fund Organisation (EPFO), Employees’ Pension Scheme (EPS), Atal Pension Yojana (APY), social security, financial stability, pension design, economic security, pension fund management, retirement savings, tax benefits, annuity plan.Abstract
The National Pension Scheme (NPS) plays an important role in India's pension planning scenario,
and offers a structured approach to subsequent financial security. This study seriously examines the
theoretical basis for India's pension systems, the concept of social security and financial stability in pensions,
focusing on NP. The pension fund provides a long -term investment alternative for employees in both
organized and unorganized sectors, regulated by the Pension Fund Regulatory and Development Authority
(PFRDA), and encourages systematic savings with tax incentives in accordance with § 80C and 80CD. The
study examines NPS efficiency to secure pension revenues, compare with global pension models and address
economic stability and demographic challenges
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