Panigrahi, Debasmita; Gupta, Rohit; Rajib, Prabina - In: The IUP Journal of Public Finance VI (2008) 2, pp. 7-20
Every state has to balance its revenue and expenditure in order to meet its assigned budgetary requirements. Pension is also a part of the states’ expenditure, and since there was the concept of defined benefit scheme till the year 2004, the entire liability of pension expenditure was solely...