Mayor Stephanie Miner said the new estimate confirms her criticism of pension smoothing, a fixed - rate payment option Gov. Andrew Cuomo proposed a month ago in his budget.
The Pradhan Mantri pension schemes will focus on the unorganized sector and provide subscribers a fixed monthly pension ranging between Rs. 1000 and Rs. 5000, as per the contribution option exercised on the vesting age, between 18 and 40 years.