National Pension System (NPS)NPS) After retirement under ensure And to pave the way for stable income Pension Fund Regulatory and Development Authority (PFRDA) Has constituted a high level expert committee. to this committee NPS Within the existing framework of the pensioners Market based but legally enforced to be To get assured pension.
PFRDA This step not only pensioners of retirement direction to strengthen security In Not only is it considered important, it is also linked to the government’s broader goal of a developed India 2047, which includes ensuring economic self-reliance and a dignified life to every citizen in old age.
what will be the change
This 15-member committee is headed by Dr. m. S. Sahu will do, which Insolvency and Bankruptcy Board of India (IBBI) Has been the former Chairman of and is currently Dr. Sahoo Regulatory Chambers Is the founder of. Law in Committee, actuarial scienceExperts from finance, insurance, capital markets and academia have been included. simultaneously PFRDA It has also given the committee the right to include external experts and arbitral institutions in the discussion as special invitees, if needed. to the committee Structured Pension Payouts act as a permanent advisory body on to do will be. Its main purpose NPS One such for assured pension payment in regulatory A framework has to be prepared, which will be released on 30 September 2025. PFRDA To be able to carry forward the pension schemes suggested in the consultation paper. Under this the committee will also ensure that NPS invested in accumulation pension payment from state i.e. decumulation The process should be simple, transparent and frictionless for customers.
This is how you will benefit
In addition, the committee will also consider ways to legally implement market-based guarantees. In this innovations And settlement As Concepts But brainstorming is involved, so that the credibility of pension payment is maintained. as well as, lock-In periods, withdrawal limits, pricing model And operational aspects like service charges will be clearly outlined. Risk management will also be included in the major functions of the committee. Under this, capital and Solvency Determining the requirements as well as reviewing the tax aspects of in cases where a pensioner NPS Will receive assured pension without going out of it. Furthermore, to protect the interests of customers, a standardized Disclosure framework Will be prepared, so that miss-sailing There should be a ban on and in pension assurance And market-based guarantee The difference between the two can be explained clearly. overall, PFRDA This initiative indicates that NPS market-based only retirement A more secure and reliable pension by taking it beyond the product Arrangement In instead of go of Direction In Solid step raised Go remained Is. expert Committee of recommendations to come ones Time In India of pension System Of Future To New Direction Give can Are.