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The COVID-19 had a devastating impact on almost all spheres of individual life. Due to this pandemic, employees are more concerned about their financial health as many employees lost their jobs during this calamity while others experienced a salary diminution. Employees are either forced to reduce their plan contributions or withdrawing funds from such plans as they are no longer able to contribute because of their disturbed financial condition. Along with this, contribution on the part of employers has also been withdrawn in some cases. Obstacles have also been experienced in growth of retirement funds due to reduced yield in stock market. Retirement savings of employees faced a downturn due to this predicament. The purpose of present study is to present the impact of COVID-19 pandemic on retirement planning of working individuals in India.
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Desh Bhagat University,
Off to NH-44, Amloh Road, Mandi Gobindgarh,
District Fatehgarh Sahib, Punjab- 147301, India