New Delhi, Oct. 1 -- The Pension Fund Regulatory and Development Authority (PFRDA) has released a comprehensive consultation paper titled 'Enhancing the National Pension System: Proposals for Flexible, Assured and Predictable Pension Schemes', an official statement said today.
It will serve as a key initiative to advance the National Pension Scheme (NPS) by introducing enhanced options designed to provide greater certainty and predictability in post-retirement income for subscribers.
The consultation paper proposes three distinct schemes under the NPS framework, each catering to different subscriber needs for assured and flexible pension payouts:-Pension Scheme-1 (Non-Assured, Flexible Decumulation) focuses on maximizing pension wealth th...