In Global Pension Index 2019, India has been grouped among countries that have desirable pension systems but with major weaknesses that need to be addressed. The efficacy and sustainability of such systems would be in doubt if improvements are not made. About India’s pension system, the Melbourne Mercer Global Pension Index 2019 notes: “India’s retirement income system comprises an earnings-related employee pension scheme, a defined contribution employee provident fund, and supplementary employer managed pension schemes that are largely defined contribution in nature. Government schemes have been launched as part of universal social security program aimed at benefitting the unorganised sector. The National Pension System is gradually gaining popularity.”