Creating a unified pension platform

A substantial part of the reforms in the area of old age security have, perhaps, gone unnoticed. The transition of government employees to defined contribution from defined benefits about 15 years ago has been a major reform. During this period, the fund has grown to a sizeable AUM of about Rs 3.75 trillion and has more than three crore subscribers. The funds are managed by seven fund managers and its performance, when benchmarked against other comparable mutual funds schemes, has been noticeably good. 

Recent reforms, aimed to enroll subscribers from the unorganised sector through government programmes like Atal Pension Yojana, are

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