It is the basic need of anybody’s life. In India Government employees are covered under the PF Act. Also other Private Concerns if they are covered under the PF Act then their employees get benefitted as their funds are getting accumulated which they will get after retirement . But the majority of the vast population of India are not benefitted because their employer do not provide PF Benefits (since they are not covered under the PF Act ) or they themselves are owners (self employed) of their concern.
In contrast i most developed nations there is a social security system for every individuals in their country ie., their government provides the benefits of retirement irrespective of their investments.
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