MY LETTERS TO THE EDITOR

To
The Editor,
The New Indian Express,
Chennai.

Sir,

This refers to the editorial “This is the right juncture for pension reform” (TNIE, Oct.29). The institution of Pension Fund Regulatory and Development Authority (PFRDA) by itself cannot solve all the problems related to pension reform. Rather, a professional approach to administration of the pension scheme and in managing investment portfolio is required. The Employees Provident Fund Organisation that administers the Employees Pension Scheme is usually headed by ‘bureaucrats’ hailing from IAS, IRS or even from IPS. The prowess of such bureaucrats is so generalised that it makes them incapable of administering efficiently schemes such as Provident Fund and Pension Fund which require technical expertise. It is essential that the proposed PFRDA should not again become a ‘comfortable avenue’ for retiring bureaucrats to continue to secure power and income.


Yours truly,

C.Ramesh,