The National Pension System (NPS) is a defined contribution based pension system launched by Government of India with effect from 1 January 2004. Like most other developing countries, India does not have a universal social security system to protect the elderly against economic deprivation. As a first step towards instituting pension reforms, Government of India moved from a defined benefit pension to a defined contribution based pension system. Apart from offering wide gamut of investment options to employees, this scheme would help government of India to reduce its pension liabilities. Unlike existing pension fund of Government of India that offered assured benefits, NPS has defined contribution and individuals can decide where to invest their money
To educate people on the importance of saving for old age, and also to give them necessary information regarding the NPS scheme, Invest India Micro Pension Service (IIMPS), together with Asian Development Bank (ADB) and Pension Fund Regulatory and Development Authority (PFRDA) commissioned two films as part of the training toolkit. This film is one of them.