Start pension for salaried class tax payers who retire from private companies
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Every salaried person pays his income tax through his working life. Though, the employees in Government jobs are pretty sure of their regular income thru monthly pension post their retirement but the employees in private sector have no source to survive once they retire. Employees in corporate sector / engaged in job with private entrepreneurs put-in hard labour thru their whole life to keep their job secured and make their family survive. Every one of them is paying income tax / getting their income tax deducted at source from their monthly salary. Once they superannuate, they go out in the world with no source of regular income. Their whole life savings, whatever they can save during their working life, start depleting fast with rising medical bills and the cost of daily living. Marriage of their kids and further settlement also drains them and they start a never ending anxiety in old age. Starting monthly pension for these salaried tax payers retiring from private jobs, minimum equivalent to the monthly income tax they paid towards the end of their employment, they can still lead a better and anxiety free life.
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