The Hindu Business Line : Investing pension funds

This refers to the news "New pension subscribers may have option of investing 11 pc in G-Sec' (Business Line, July 21): Since it is investment of the pension funds it must be in the safest schemes. Government securities are the best option, because equity is volatile. Government securities will safeguard pension funds against such volatility. So, the government should hurry with the Pension Bill as the financial commitment on pensions has zoomed to Rs 17 lakh crore. With ever more retirees, this amount may increase substantially in the years to come.

The management of pension funds can be done safely, provided the decisions are taken purely on professional and commercial terms, disregarding outside dictates or preconceived notions.

C. P. Velayudhan Nair

Kochi

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