National Pension Scheme in India: Functions and Performance

2021 ◽  
pp. 205-208
Author(s):  
Nandkumar Baburao Bodhgire
Keyword(s):  
State Government ◽  
Pension Fund ◽  
Pension Scheme ◽  
Government Employees ◽  
Fund Managers ◽  
The Government ◽  
And Performance

National Pension Scheme is a mandatory for all central and state government employees who joined in services after 2005. Although the scheme is implemented in 2006, most of the government employees are unknown about the benefit of the same scheme. Hence, this paper highlights functions of national pension scheme and performance of pension fund managers in terms of its return in 2020. ANOVA tool is employed for analyzing differences in return by pension fund managers. The study is concluded that HDFC pension fund gives more return other than pension fund.

scholarly journals A COMPARATIVE STUDY ON THE PERFORMANCE OF NIFTY 50 AND EQUITY FUNDS UNDER TIER-II OF NATIONAL PENSION SCHEME

2022 ◽  
pp. 17-26
Author(s):  
Dr. Baneshwar Kapasi ◽  
Miss. Saroj Mahato
Keyword(s):  
Pension Fund ◽  
Pension Scheme ◽  
Defined Contribution ◽  
Equity Fund ◽  
Fund Managers ◽  
Tier Ii ◽  
Equity Funds ◽  
The Government ◽  
Lock In ◽  
Tier I

The National Pension Scheme (NPS) is a defined contribution and a corporate pension fund that provides financial assistance to all Indian citizens. There are two types of accounts in the National Pension Scheme: Tier I and Tier II. Tier I is a mandatory deposit pension fund account and Tier II is a voluntary pension account. Tier I and Tier II is are consisted of different assets namely, equity, government security and alternative asset. The equity schemes are directly linked with the market. The return of all the fund managers in equity schemes are not same as the portfolio of all the fund managers are not same. Secondary data has been collected from respective websites of Pension Fund Managers and has been used to calculate mean, SD, Variance, and Correlation to predict the performance of equity funds. ANOVA and T-test have been for assessing the comparative analysis of the different fund managers under equity scheme in tier II. As per the study, LIC PF and ICICI PF are the best performer during the study period. The performance of SBI PF is poor among other equity funds under Tier-II of NPS during the study period. In term of risk, LIC PF is the higher risky equity fund and UIT PF is the lowest risky equity fund under Tier-II of NPS. It can be said that investors need to be high-risk taker to invest in that LIC PF. Through the risk analysis during said period of time, it is found that the ability to observe risk differs in equity funds under Tier-II of NPS. The main reason for this being a voluntary account of Tier -II. As there is no lock-in period in this account, the investors mostly use for a short-term purpose. In the recent decision of the government, Tier-II offers a lock-in period for 3 years with tax benefit. This decision may be affected the investment pattern of the investors. KEY WORDS: - National Pension Scheme, Performance, Equity Scheme, Nifty 50

South Africa’s PIC faces major overhaul

2019 ◽  
Keyword(s):  
Pension Fund ◽  
Economic Empowerment ◽  
Economic Policies ◽  
Government Employees ◽  
Major Overhaul ◽  
Content Type ◽  
Black Economic ◽  
Black Economic Empowerment ◽  
The Government

Significance The PIC oversees approximately 142 billion dollars, mostly on behalf of the Government Employees Pension Fund (GEPF). While the GEPF’s assets are still comfortably greater than its liabilities, its surplus has been falling in recent years, with several questionable investments coming to light. Impacts Inquiry revelations could weaken support for government economic policies, such as prescribed assets, from traditional allies. The GEPF’s push to invest more funds overseas could have major implications for how much money the PIC manages and its future investments. The Commission's major long-term impacts could include a serious rethink of the ANC's black economic empowerment (BEE) economic policies.

scholarly journals In the eyes of the beholder : exploring work perceptions of state government employees

2017 ◽  
Author(s):  
◽  
Darima Butitova
Keyword(s):  
State Government ◽  
Organizational Identification ◽  
Turnover Intentions ◽  
Government Employees ◽  
Role Of Government ◽  
High Performing ◽  
Workplace Fairness ◽  
The Government ◽  
State Employees

What is it like to be a government employee when government is being constantly critiqued by almost everyone: citizens, industry, and media? This dissertation aims to answer the question by bringing attention to government as a human organization and examining employees' perceptions of government as their workplace. More specifically, the study focuses on how government employees' perceptions of workplace fairness and external prestige change depending on the length of their public service, and how these perceptions influence their organizational identification and turnover intentions. Overall, the dissertation argues that public distrust and cynicism toward the government negatively affect government employees -- citizens whose job is to represent the government. Based on the regression analysis of the survey of 522 state government employees, the study found that as years go by, more employees perceive their workplace as unfair in terms of compensation, procedures and interactions at work. Moreover, the majority of state employees do not believe that their work is valued by citizens whom they serve. These perceptions negatively influence state government employees' organizational identification and lead to turnover intentions. Thus, the dissertation's findings highlight the role of government employees' workplace perceptions in ensuring high-performing public organizations and have significant practical implications for public personnel management and government-citizens relations in general.

scholarly journals Pension Fund: A Veritable Source of Financing Real Estate Development in Nigeria

2014 ◽  
Vol 23 ◽  
pp. 23-40 ◽  
Author(s):  
Adjekophori Bernard
Keyword(s):  
Real Estate ◽  
Pension Fund ◽  
Sampling Technique ◽  
Pension Funds ◽  
Capital Outlay ◽  
Pension Scheme ◽  
Real Estate Development ◽  
Professional Advice ◽  
Real Estate Developers ◽  
The Government

Pension funds control relatively large amounts of capital and represent the largest institutional investors in many nations. Financing real estate on the other hand required a huge capital outlay. This study examined the viability of pension funds as an investment option in real estate development. It is empirical in approach and it adopted a survey research design. A convenient random sampling technique was used to gather data from a sample of 42 respondents comprising of 18 pension administrators and 24 Real Estate Developers and Investors. A structured questionnaire was used as the instrument for data collection and a simple descriptive statistical method was use for presentation and analysis of the data. The results however reveal that both the pension administrators and the real estate developers agreed that the pension funds if well channel is a veritable means for financing real estate project. We therefore recommends amongst others that the government as a matter of urgency should slack their policy to increase the percentage of the funds for real estate development and to also advance a policy with strict guideline empowering the pension fund managers to directly grant credit to developers and real estate investors who is able to meet and comply with the conditions provided in such policy. Real estate brokers and experts should also be drafted into the pension scheme to give professional advice on the viability and feasibility of any proposed real estate development.

Achieving Useful Government Accountability and Transparency Websites

2015 ◽  
pp. 26-48
Author(s):  
Deborah S. Carstens ◽  
Stephen Kies ◽  
Randy Stockman
Keyword(s):  
State Government ◽  
Government Spending ◽  
Policy Making ◽  
Public Trust ◽  
Access To Information ◽  
Government Accountability ◽  
The Public ◽  
Government Websites ◽  
The Government ◽  
And Performance

With the transition from government to e-government, greater transparency in government accountability has occurred. However, state government budgets and performance reports are voluminous and difficult to understand by the average citizen. There is a need for government Websites to promote public trust while providing understandable, meaningful, and usable government accountability information. The public needs to have access to information that links the outcome of government spending so that government can be accountable for their spending. There are three fundamental functions for government: accountability, budgeting, and policy-making. The chapter discusses literature specifically relating to government accountability resulting in a checklist being developed to provide a mechanism for evaluation of government Websites from a technical and usability perspective. Therefore, it is not only important for a Website to have the government accountability information but to also display it in a useful and meaningful format understandable by citizens accessing the Website.

Perceptions of Organizational Justice Among State Government Employees: The Effect of Years of Public Service

2018 ◽  
Vol 48 (3) ◽  
pp. 345-368
Author(s):  
Darima Butitova
Keyword(s):  
Organizational Justice ◽  
State Government ◽  
Public Service ◽  
Public Organizations ◽  
Government Employees ◽  
Public And Private ◽  
High Performing ◽  
Private Organizations ◽  
Workplace Experiences ◽  
And Performance

Over the past several decades, researchers across public and private organizations accumulated evidence that perceptions of organizational justice influence work attitudes and performance. Building on previous research, the present study examines the determinants of perceived organizational justice, including the effect of years of public service. By focusing on years of public service, the study explores how perceived organizational justice changes depending on time spent working in public organizations. Based on the regression analysis of the survey data of 522 state government employees, the study concludes that state government employees who report more years of public service are less likely to perceive their workplace as fair. The findings of the study are discussed in terms of their practical implications for improving a quality of workplace experiences among government employees, as one of the essential factors for maintaining high-performing public organizations.

scholarly journals Long lease real estate – a revised role for real estate in pension fund portfolios

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Nick Mansley ◽  
Zilong Wang
Keyword(s):  
Real Estate ◽  
Pension Fund ◽  
Real Estate Market ◽  
Property Market ◽  
Short Term ◽  
Content Type ◽  
Fund Managers ◽  
Regulatory Guidance ◽  
And Performance ◽  
Dramatic Growth

PurposeLong lease real estate funds (over £15bn in Q3 2020) have emerged as an increasingly important part of UK pension fund real estate portfolios. This paper explores the reasons for their dramatic growth, their characteristics and performance.Design/methodology/approachThis study uses data for the period 2004–2020 collected directly from fund managers and from AREF/MSCI and empirical analysis to explore their characteristics and performance.FindingsPension fund de-risking and regulatory guidance have supported the dramatic growth of long lease real estate funds. Long lease real estate funds have delivered strong risk-adjusted returns relative to both balanced property funds (with shorter lease terms) and the wider property market. This relative performance has been particularly strong when wider property market performance has been weak. Long lease funds have objectives aligned with liability matching and their performance suggests they are lower risk (more bond-like) investments. In addition, our analysis highlights they are far less responsive to the wider property market than balanced funds. However, they are not significantly different from balanced property funds in terms of their short-term relationship with gilt yield movements.Practical implicationsFor pension funds and other investors the paper highlights that long lease real estate funds offer a different exposure than balanced property funds. Long lease funds have objectives more closely aligned to the overall objectives for pension fund investment but are not significantly more reliable than balanced property funds in the short-term as a liability hedge. For real estate fund managers, occupiers, developers and others active in the real estate market, the paper highlights why these funds have been (and are likely to remain) attractive to investors leading to substantial demand for long lease real estate investments.Originality/valueThis is the first study to review this increasingly important part of the UK real estate fund universe.

scholarly journals Public Pension Fund Structure And Mechanisms: A Case Study Of The Tanzanian Pension Funds System

2017 ◽  
Vol 1 (1) ◽  
pp. 135
Author(s):  
Zubeda Chande Mpinga ◽  
Wim Westerman
Keyword(s):  
Pension Fund ◽  
Good Governance ◽  
Conflicts Of Interest ◽  
Pension Funds ◽  
Board Of Trustees ◽  
Public Pension ◽  
Special Focus ◽  
The Government ◽  
High Standards ◽  
And Performance

Good governance structures have become an issue of public interest, including public pension systems. This study assesses the pension funds governance in Tanzania, with a special focus on board of trustees’ issues. The growing interest referred to, is partly because the quality and performance of the funds trustees determines the income flows to which members are entitled and promised, as well as any shortfalls thereof, that may require interventions. Our findings suggest that board of trustees play an important role for funds governance and hence performance. The pension fund structure and mechanisms in Tanzania uphold high standards. Yet, a major issue is that the board selection seems to be politically motivated and that the government claims most board seats, making conflicts of interest likely to occur repeatedly. 

scholarly journals Analisis Penerapan Skema Fully Funded pada Sistem Pensiun Pegawai Negeri Sipil di Indonesia

2016 ◽  
Vol 1 (2) ◽  
pp. 35-51
Author(s):  
M. Zikri Eka Pratama
Keyword(s):  
Pension Fund ◽  
Civil Servant ◽  
Pension Scheme ◽  
Fund Management ◽  
State Budget ◽  
Governance Model ◽  
Key Stakeholders ◽  
Pension Fund Management ◽  
The Government ◽  
Readiness To Adopt

The implementation of fully funded pension scheme for civil servant retirement in Indonesia is one of the government solutions to reduce the burden of pension expenditure on the state budget. However, to implement such a scheme, the government deemed it necessary to prepare an appropriate governance model in order to achieve the goal of fully funded scheme. The government needs to pay attention to several issues related to the implementation of a fully funded scheme, namely the issue of pension fund management, contributions, investment, regulations and risks. By distributing questionnaires and interviews to key stakeholders, the extent of government readiness to implement a fully funded pension scheme could be evaluated, based on which it was found that the government does not have readiness to adopt the fully funded pension scheme and several tasks remain to be accomplished. Abstrak Penerapan skema fully funded pada sistem pensiun Pegawai Negeri Sipil di Indonesia merupakan salah satu alternatif yang akan diambil oleh pemerintah guna mengurangi beban belanja pensiun Pegawai Negeri Sipil pada Anggaran Pendapatan dan Belanja Negara (APBN). Namun untuk menerapkan skema tersebut, pemerintah dipandang perlu untuk menyiapkan suatu tata kelola agar tujuan dari penerapan skema fully funded ini dapat tercapai. Pemerintah perlu memperhatikan beberapa hal terkait rencana penerapan skema fully funded, yaitu masalah pengelola dana pensiun, iuran/ kontribusi peserta, investasi dana pensiun, peraturan, dan risiko. Dengan melakukan penyebaran kuesioner dan wawancara kepada narasumber, dalam penelitian ini dievaluasi sejauh mana kesiapan Indonesia dalam menerapkan skema fully funded pada sistem pensiun pegawai negeri: yang mana pemerintah tidak memiliki kesiapan untuk mengadopsi skema ini dan terdapat hal-hal yang harus dilakukan terkait dengan implementasi tersebut.

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