MUMBAI, India, Sept. 12 -- Intellectual Property India has published a patent application (202421016168 A) filed by Tata Consultancy Services Limited, Maharashtra, on March 7, 2024, for 'method and system for regulating pension fund value through self-administration.'
Inventor(s) include Buley, David Paul; and Kulkarni, Sanjeev Krishnaji.
The application for the patent was published on Sept. 12, under issue no. 37/2025.
According to the abstract released by the Intellectual Property India: "This disclosure relates generally to a method and system for regulating pension fund value during the employment to support themselves financially when they retire. State-of-the-art methods provide portfolio management approach of defined-contribution (DC) type retirement plans and periodically updates a scheme member about the aggregated amount. However, these plans fail to provide the member with the scope to make informed investment decisions. Also, aspirational pension fund based on scheme member's post-retirement lifestyle plans is not considered. The disclosed method provides a method for regulating pension fund value during the employment by first setting up a target pension fund value and then estimating future pension fund value by aggregating various components of the pension. The method further estimate the gap in between target pension fund value and future pension fund value and dynamically adjusts available tax reliefs and investment options to achieve target pension fund value at a pre-defined retirement age."
Disclaimer: Curated by HT Syndication.
