India In India, initiatives towards pension reforms have been somewhat nascent at both the Central and State Government level (Box 2 & 3). Box 2 New pension system for the Central Government of India In February 2002, the High Level Expert Group on New Pension System submitted its report suggesting modifications in the pension system for Central Government employees.
*  *  *  The views expressed by the author are his own and do not necessarily reflect those of the Federal Reserve System, its governors, officers or representatives. Introduction and framework Thank you, and it is a pleasure to welcome you to Denver.