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New Delhi, Jan. 22 The Prime Minister, Dr Manmohan Singh, on Monday stressed the need for better management of pension liabilities so that State finances could be managed in a healthy and sustainable way in the future.

Addressing a conference of State Chief Ministers on pension reforms, he pointed out that the rising pension bills at all levels of Government would be increasingly difficult to finance in future, especially when there are other demands on the country's resources. He emphasised that there was a lot to be gained by moving forward and allowing a multiplicity of pension products delivered by a variety of agencies to be offered to the people.

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