Pension Fund Regulatory and Development Authority

Indian regulator for pensions

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Pension Fund Regulatory and Development Authority (PFRDA) is the regulatory body for overall supervision and regulation of pensions in India. It operates under the jurisdiction of Ministry of Finance in the Government of India. It was established in 2003 based on the recommendations of the Indian government OASIS report and was part of the establishment of the Indian National Pension Scheme.

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After mutual funds push, new body set up to promote NPS A new self-regulatory body, the Association of NPS Intermediaries, has been launched in Mumbai to boost the Indian pension industry. PFRDA chairman Deepak Mohanty highlighted the need to raise.. IndiaTimes - Published 15 hours ago
Maharashtra cabinet nod for OPS to state employees who joined service after November 2005 Maharashtra cabinet approves proposal for Old Pension Scheme (OPS) to government employees who joined after November 2005; OPS offers monthly pension equivalent to 50% of last drawn salary without.. IndiaTimes - Published on January 4, 2024
States with old pension plan may not get extra borrowing States that bring back old pension scheme will be disincentivised from undertaking additional borrowings during the 2023-24 financial year, following a rule that was changed by the Centre earlier. In.. IndiaTimes - Published on February 4, 2023

3 states’ demand to return NPS funds rejected Pension regulator PFRDA has rejected demands made by Rajasthan, Chhattisgarh and Jharkhand to return funds deposited under the National Pension System (NPS), which were abandoned by them to bring back.. IndiaTimes - Published on December 13, 2022
Centre issues PFRDA regulations mandating different modes of recruitment, varied proportion of posts On contract basis, two-thirds of total posts are to be filled by internal candidates, one-third of posts are to be filled by deputation, direct hiring DNA - Published on April 15, 2022