Bhubaneswar, June 23 -- The Odisha Finance Department has issued a notification allowing employees of State Autonomous Bodies and State Public Sector Undertakings (PSUs) to invest their entire pension fund in Government securities.

Detailing the options available under Tier-I of the National Pension Scheme (NPS), the Finance Department stated, "Employees who prefer returns with comparatively less amount of risk shall be given an option to invest 100% of the funds in Government securities."

Subscribers will also have the freedom to select from a range of pension fund managers, including those from the private sector. They can change their fund manager once a year. However, the existing default option-comprising a combination of public se...