Oecd working paper (2019) The mission of the French High Commission for Pension Reform is to prepare the reform introducing a universal pension points system in France. This paper explains why implementing a universal points system in France would increase transparency, reduce inequality and generate efficiency gains for the whole economy. It documents the experience of OECD countries which have opted for a points or a notional defined contribution (NDC) schemes, and provides a technical framework to compare defined benefit, points and NDC pension systems.
Universal Social Protection
NewsClick (02.07.2019) The Bihar Government on June 14 launched the Mukhyamantri Vridhajan Pension Yojna (MVPY), an old-age pension scheme that targets people above 60 years of age. The scheme brought under the Direct Benefit Transfer (DBT) programme has two slabs for pension disbursement — Rs. 400 per month for those in the 60 to 79 years age group and Rs 500 per month for the elderly above 80 years. The scheme has been termed ‘universal’ because under this, the pension is no longer limited to the elderly that are identified under the BPL (Below Poverty Line) section.
Times of India (14.06.2019) Bihar on Friday became the first state to launch a universal old-age pension scheme in which each person at the age of 60 years and above, irrespective of their financial, family or caste status, will get a sum of Rs 400 per month directly in his/her bank account.