A "Crisis in Making": the Pension System in India with Special Reference to Kerala

The study looks into challenges before the pension system in India with a special mention of Kerala which in an explicit sense a front runner in demographic achievement and is standing with a notion of welfare state. The study mainly looks at the fiscal stress which of the pension system where available pension system to the ?minority ? drags very large resources of the state and looks for how this non developmental component of the public expenditure goes up in a fast aging society as in Kerala and in turn result in the pension crisis that having effect on intergenerational distribution. The study in general finds that condition of elderly in a fast ageing society like India is detioriating with poverty and deprivation. The study looks into social security scene for the aged with a structural crisis in terms of coverage among the aged. it emphasis need for a structural reform of the system.