The Need for a Contributory Pension Scheme for Professionals and Workers
A mandatory Contributory Pension Scheme must be introduced for professionals, including Lawyers, Journalists, and Chartered Accountants, as well as for Industrial Workers and Farmers. Many self-employed professionals, such as lawyers and journalists, currently have no provision for old-age security. This gap often leads to them living in poverty and becoming dependent on their families. Journalists, in particular, often face a very difficult life after their working years. While professionals like chartered accountants and small businessmen may be more financially savvy, the need for a safety net remains critical for all. While a few state governments offer small monthly pensions for journalists, these schemes are too few and the amounts provided are too meagre to be effective. A robust, mandatory system is essential. Proposal for Lawyers Bar Councils are perfectly positioned to establish beneficial pension schemes. They can generate substantial funds through man...