Ministry of Labour and EMPLOYMENT told the Rajya Sabha that; a Global Pension Index that placed pension system of India towards bottom of the list was not prepared on the basis of reliable comparable international data.
The Global Pension Index Report was published in 2021 and has ranked India at 40thplace, out of 43 countries for its pension system.
Report was published by Mercer, a management consulting firm.
Index is prepared on the basis of certain criteria of sustainability, adequacy, and Integrity.
Index placed India in the same category of Japan, South Korea and a few other countries.
NPS Trust is a specialised division of in India. It works under the parent head of Ministry of Finance.