2012 India Defined Benefit Funding Study
By Simon Herborn and Danny L. Quant
31 May 2013
Milliman conducts an annual study of the pension and gratuity obligations of the 26 public sector banks in India to report the major trends with regard to these obligations. The main aim of the study is to educate and create awareness about the state of employer-sponsored retirement programs and foster a healthy dialogue among policy builders, employers, employees, and the general public about the future of retirement plans in India.
The report is divided into two sections: the Pension Study, which contains details about the state of funded defined benefit pension plans sponsored by the 26 public sector banks, and the Gratuity Study, which contains details about the funded defined benefit gratuity plans of the same 26 public sector banks.