The Pension Fund Regulatory and Development Authority (PFRDA) has constituted a high-level committee to formulate guidelines and regulations for enabling a framework for assured payouts under the National Pension System (NPS). The Finance Ministry stated that the move is aligned with the provisions of the PFRDA Act. The ministry said the initiative aims to enhance the security of retirement income for subscribers.

 

The 15-member committee will be chaired by Former Chairperson of the Insolvency and Bankruptcy Board of India Dr M. S. Sahoo. The panel includes a diverse group of experts from various disciplines, including legal, actuarial, finance, insurance, capital markets, and academia.