India, Jan. 13 -- Pension Fund Regulatory and Development Authority (PFRDA) has constituted a high-level expert committee to develop a regulatory framework for assured payouts under the National Pension System (NPS), in line with the provisions of the PFRDA Act. The initiative aims to strengthen retirement income security for NPS subscribers.
The move is aligned with the government's broader vision of Viksit Bharat 2047, which focuses on ensuring financial independence and dignity for citizens in their post-retirement years.
The 15-member committee will be chaired by M. S. Sahoo, founder of Dr. Sahoo Regulatory Chambers and former Chairperson of the Insolvency and Bankruptcy Board of India (IBBI). The panel comprises experts from legal, a...