Each additional year of life expectancy means the government (or the pension fund) must pay monthly pension for one more year per retiree. Multiplied across millions of retirees, this adds up to enormous sums.
Source: NPS Rule 4
How does increased life expectancy affect pension costs?
Related Questions
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This answer is for informational purposes only and does not constitute legal advice. Always refer to the original rules and consult competent authorities for official interpretation.