NPS – Discontinuation of Corporate CG Scheme for new Corporates
PFRDA to discontinue Corporate CG Scheme for new corporate entities enrolled into New Pension Scheme (National Pension System
Pension Fund
Regulatory and Development Authority
1st Floor, ICADR Building,Plot No. 6, Vasant Kunj
Institutional Area, Phase II, New Delhi-110070
CIRCULAR
PFRDA/2012-13/04/CORP/2
Date: 12th February 2013
SUBJECT: NPS- Corporate Sector Model- Discontinuation of ‘Corporate- CG scheme’ for new corporate joining NPS.
It has been decided, with immediate effect, to withdraw the option of Corporate- CG scheme under the NPS-Corporate Sector Model except for those corporate which have opted for it already. However, corporates/ subscribers will continue to have the flexibility of choosing the investment pattern, with any PFM of their choice, wherein, if they so desires, they can align their asset mix with Govt. mandated investment pattern.
2. Henceforth, no further switch over to or opting of Corporate- CG scheme shall be permitted to the Corporates.
Sd/-
Deepa Kotnis
(Chief General Manager)