Private sector employees have paid enormous amount of income taxes to governments over last 2 decades. Taxes have helped government to run various social schemes, provide subsidies to poor and build infrastructure.

However, private sector employees fcontinuously face threat of job loss and no pension. Considering their contributions to nation building and taxes, it is moral duty of government to give minimum pension when they are in distress.

1. When they loose job.

2. When they have health issues and can't work.

3. When they are old 55+ years (retaining or getting a job after 50 years has become a challenge).

In those cases, government should give 5% of the cumulative income tax contributions subjected to maximum of 3 lakhs per annum. This will ensure basic living for those honestly contributed to the nation.