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Salaried 'unlikely to fall for pension plan'

Freny Patel Mumbai
 New central government employees will have to participate in the pension scheme as the government moves away from defined benefit to contribution benefit pension scheme.

 As blue collar workers are already part of the PPF or the EPF, where interest rates are defined and relatively higher than the market rates, it is unlikely that fund managers will see explosive growth, pointed out G V Nageswara Rao, IDBI Capital Market Services Ltd
 

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First Published: Aug 30 2003 | 12:00 AM IST

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