Skip to main content
Survey Report

State of Retirement Benefits in India 2021-22

Highlights of the key findings

Health and Benefits|Retirement
N/A

June 10, 2022

Discover how organisations’ are reacting to the changing regulatory landscape and factors influencing their retirement strategy as employers’ try to balance financial viability with the retirement needs of employees.

Regulatory changes and labour reforms are likely to keep employers highly engaged in managing employee benefits. Containing cost, managing risk, and ensuring sustainability and compliance will be top priorities for employers.

WTW recently conducted the annual State of Retirement Benefits in India Survey to understand the issues that influence employers’ retirement strategy, how they manage these benefits, and how the market is reacting to various regulatory changes, as employers try to balance financial viability with the retirement needs of employees.

About the survey

The State of Retirement Benefits in India Survey was run between December 2021 and February 2022 and covers responses from 74 employers from India.

Respondent profile

74 organisations' participated in The State of Retirement Benefits in India Survey 2021-22 with upto 10,000+ employee size.
Break-up of organisations by number of employees
Over 14% of the participated organisations' have a fund size of 500+ crore
Break-up of organisations by fund size
Majority of the survey participants are from the manufacturing sector followed by IT and Telecom and Financial Services.
Break-up of organisations by industry
About 33% of the participated organisations' have an annual revenue of 2,500+ crore
Break-up of organisations by annual revenue

Key findings of the survey

Retirement benefits strategy

Employee experience/ complaints, regulatory complexity and harmonisation of benefits across business units were rated as the top 3 issues impacting an organisation’s retirement benefits strategy

Employees’ Provident Fund (EPF)

Half the respondents who sponsor an exempt PF Trust acknowledged that managing their own PF trust is not a sustainable option in the long-term

National Pension System (NPS)

NPS prevalence has increased with 60% respondents now offering the Corporate model to their employees and another 24% are planning or considering its provision; however, participation rates continue to be low

Labour codes

Over 70% respondents have taken action to assess the potential impact of the Labour Codes, with a majority expecting a significant impact on P/L

Please complete the form to receive the executive summary. For more information, write to us.

Related content tags, list of links Survey Report Health and Benefits Retirement India

Related Services

Contact Us