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TABLE, FIGURES, AND BOX

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Table

1 Derivation of Weights for State Databases, Participating States 37
Figures
1 Cost Rates per Participating State, 2010–2060 39
2 Comparison of Cost Rates under Two Scenarios, Bihar, 2010–2060 42
3 Comparison of Cost Rates under Two Scenarios, Assam, 2010–2060 43
4 Comparison of Cost Rates under Two Scenarios, Madhya Pradesh, 2010–2060 44
5 Comparison of Cost Rates under Two Scenarios, Jharkhand, 2010–2060 44
6 Comparison of Cost Rates under Two Scenarios, Chhattisgarh, 2010–2060 45
7 Effects of Mortality on Defined Benefit Scheme Cost Rates, 2010–2060 47
8 Effects of Retirement Age on Defined Benefit Scheme Cost Rates, 2010–2060 49
9 Effects of Lower Rates of Revenue Growth on Defined Benefit Scheme Cost Rates, 2010–2060 51
10 Ratio of New Pension Scheme Contributions to State’s Own Tax Revenue, 2010–2060 54
11 Cost Rates with New Pension Scheme Contributions Added to Defined Benefit Scheme Outlays, 2010–2060 55
12 Effects of Reductions in Leave Encashments on Defined Benefit Scheme Cost Rates, 2010–2060 58
13 Effects of Options for Reducing Gratuities on Defined Benefit Scheme Cost Rates—Assam, Bihar, Chhattisgarh, and Jharkhand, 2010–2060 59
14 Effects of Decoupling Wage and Pension Increases on Cost Rates, 2010–2060 61
15 Effects of Delayed Retirement on Defined Benefit Scheme Cost Rates, Assam and Jharkhand, 2010–2050 65
16 Effects of Young Defined Benefit Scheme Participants Transferring to the New Pension Scheme on Defined Benefit Scheme Cost Rates, Bihar, 2010–2060 67
Box
1 Suggested State Administrative Framework for the New Pension Scheme 80
The Aftermath of Structural Pension Reform

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