I'd have signed up for a pension plan, but the ones that are on the market lock in a major part of the capital and compulsorily give me an annuity (at negligible returns/ rates of interest). While some will argue that this is the whole point of a pension plan, I'd rather have the flexibility to take a lump sum and do whatever I want with it.
------Original Message------ From: Srini RamaKrishnan Sender: silklist To: silklist@lists.hserus.net ReplyTo: silklist@lists.hserus.net Subject: Re: [silk] PFRDA and Security Sent: Jun 18, 2013 2:16 PM On Tue, Jun 18, 2013 at 10:33 AM, Chetan Nagendra <che...@nagster.org> wrote: > I wonder if the PFRDA cannot even secure their website, how will they manage > billions in public funds? Your optimism is remarkable. Pension deductions are a form of taxation any way you look at it, either directly on the income if it is never redeemed, as some 30-40% of pensions are, or on the time of the pensionee in getting it back. Sent on my BlackBerry® from Vodafone
