NRI Real Estate and Property Investment in India
4/4/2025, 6:55:58 AM  |  WWW.NRIREALTYNEWS.COM
IREF- Join Now
 
Pension Scheme under Deliberation for Non Resident Keralites
Monday, May 28, 2007

With two million of Kerala�s population employed overseas, the state Government has decided to extend social security benefits to these citizens who have contributed so significantly to its economy.

A contributory pension scheme is under way for all non-resident Keralites, which would be paid out after a minimum lock-in period.

Currently being tested, it will soon be placed before the state assembly for approval once the law department endorses it.

90% of the non-resident population of Kerala is based in the Gulf.

Most of them are employed on short contracts there, returning home with savings that do not sustain for long. Manjalamkuzhi Ali, a member of the legislative assembly proposed the pension fund, keeping the plight of such workers in view.

The legislation could see the light of day this June, if all procedures proceed as per plan. Assistance is being sought from the centre to fund the scheme, as also from tour operators, travel agents and cargo agents whose business rests on the non-resident Keralites traveling abroad.

Related Readings

Pension Funds in India Take Global Route
World-Class Township in Thrissur, Kerala
Kerala Association of Greater Washington

Add to your Social Bookmarks:
ADD TO DEL.ICIO.US Delicious ADD TO DIGG Digg ADD TO FURL Furl ADD TO NEWSVINE Newsvine ADD TO NETSCAPE Netscape ADD TO REDDIT Reddit ADD TO STUMBLEUPON StumbleUpon
ADD TO TECHNORATI FAVORITES Technorati ADD TO SQUIDOO Squidoo ADD TO WINDOWS LIVE Windows Live ADD TO YAHOO MYWEB Yahoo MyWeb ADD TO ASK Ask ADD TO GOOGLE Google  

 

 

Return to India

NRI INSURANCE

NRI SERVICES

 

Indian Cities Guide

DELHI   NOIDA   GHAZIABAD
         
GURGAON   MUMBAI   AHMEDABAD
         
KOLKATA   CHENNAI   HYDERABAD
         
BANGALORE   PUNE   CHANDIGARH
         
..More cities »
NRI Communities in Different Countries  
Indian Embassies & Consulates in Different Countries
 
NRI Newsletters  
NRI Feeds - Syndications