Keep the faith

The NPS (National Pension System) has recently come back to the news in a somewhat uncomfortable fashion. An external observer has found the NPS inadequate. After years of simmering discontent, the government recognised its shortcomings and returned a guaranteed employee pension scheme. At least that's the story that the anti-NPS crowd on social media is pitching. The reality though, is far from this narrative. The NPS is a great retirement scheme for everyone. However, everything gets compared to an alternative. I'm reminded of the comedian who, when asked, "How's your wife?" would say, "Compared to what?" Government employees compare NPS to what they had earlier and want a guaranteed pension. Private savers don't have any such alternative for retirement savings. The options that are available to them in