New Delhi, Jan. 13 -- The Pension Fund Regulatory and Development Authority (PFRDA) has constituted a high-level expert committee to design a regulatory framework for assured payouts under the National Pension System (NPS), a move aimed at strengthening retirement income security for subscribers, an official statement said on Tuesday.
The committee has been tasked with developing guidelines that will enable predictable and assured pension payouts when subscribers move from the accumulation phase to the withdrawal phase.
This initiative is seen as a significant step towards improving post-retirement financial certainty while retaining the core market-linked structure of the NPS.
The 15-member panel will be chaired by Dr MS Sahoo, former c...