However, this guaranteed pension scheme will not be introduced this month. Subratheem Bandyopadhyay said that it will take a few more months for the scheme to be introduced.
He said, “Two-three phases of negotiations have been held with the Benson financial managers and expert team members. We have given a form to this plan. The scheme will take final shape by the end of September.
However, it will take some time before the scheme is introduced. Because this is a completely new type of project, various changes are needed in the system,” he said.
The rate of return is yet to be determined. It is worth noting that PFRDA pension schemes have earned an average return of 10% over the last 13 years.