Question : In December 2022, India's Pension Fund Regulatory and Development Authority (PFRDA) has recommended the federal government to introduce a pension scheme like the UK pension scheme for the country's________.
Option 1: Paramedics
Option 2: Farmers
Option 3: Gig workers
Option 4: Textile workers
Correct Answer: Gig workers
Solution : The correct option is Gig workers.
India's PFRDA suggested a UK-style pension for the country's unorganised sector workers , aiming to provide them with financial security after retirement. This vast group, encompassing millions in informal jobs, currently lacks a guaranteed pension system. The UK scheme, with its auto-enrollment and government contributions, could offer a model for securing their financial future.
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