PFRDA Consultation Paper on National Pension System
The Pension Fund Regulatory and Development Authority (PFRDA) has released a Consultation Paper proposing enhancements to the National Pension System (NPS) aimed at providing more flexible and assured pension options. The paper outlines three new schemes: a non-assured flexible decumulation scheme, an assured benefit scheme with inflation adjustments, and a scheme introducing 'Pension Credits' for fixed monthly payouts. PFRDA invites feedback from stakeholders by October 31, 2025, to refine these proposals.
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