EPFO's New "Target Retirement Sum" - Can a Pension Plan Handle an Irregular Income?
This is the first concrete architectural detail of how the Code on Social Security, 2020's promise to cover gig and platform workers will actually be implemented - six years after the law was passed, EPFO 3.0 is now designing the technical mechanism that operationalises it. The government is working on a flexible contributory pension scheme under the EPFO 3.0 reforms, utilizing a "Target Retirement Sum" to cover gig and…