Indian Workers will now have the choice of contributing to EPF or NPS

[Social Security - Related News]

Finally, the crores of Indian youth who will joining the labour market in the coming years will have the option of EPF or NPS as social security. The 8 crore plus workers in the fold of 'Provident Fund' will also be able to shift to NPS if they want. NPS or National Pension Scheme, announced by the Government, couple of years back, is structured like the Pension Funds abroad, to be operated by private agencies under the supervision of a central authority.