The petitioner further said in NPS, pensioners are not allowed a wide choice of fund manager and asset class.
NPS – PFRDA circular on Advisory Fee under PFRDA (Retirement Adviser) Regulation 2016
Government is expected to take a decision soon on a proposal to allow its employees to raise their contribution in stocks as well as choose fund managers under the New Pension System.
Extension of benefits of ‘Retirement Gratuity and Death Gratuity’ to the Central Government employees covered by new Defined Contribution Pension System (National Pension System)
New Pension Scheme deposits earns more than 10% return for the past 5 Years. This is more than any other provident fund scheme in which interest hovering around 8%
PFRDA has provided and option to compare pension amount between Family Pension and NPS annuity before processing Family Pension cases on Death / disability of subscriber
Problems of NPS employees were taken well in 7th Pay Commission negotiations which resulted in Govt’s decision to form a Committee to look in to NPS related issues – NJCA Clarifies
PFRDA Clarification on Family Pension cases on Death/disability of subscriber.
PFRDA guidelines in processing family pension of deceased subscriber
Launch of NPS and current scenario – PFRDA concept paper
Life Cycle Funds provide options for decreasing risk factor with increase in age and high ceiling in equity for subscribers with more risk appetite
One-time portability without any tax implication has been allowed to the subscriber for shifting from recognized provident fund to NPS
The pension regulator has urged for more tax parity between the National Pension System (NPS) and other pension schemes.
eNPS is an online platform provided by NPS Trust for enabling individuals to open his/her Individual Pension Account under NPS (Tier-I & Tier-II) and also facilitate the new or existing subscribers to make initial or subsequent contributions respectively to their Individual Pension Account under NPS using net banking and debit/credit cards.
Currently, NPS has more than 1.14 crore subscribers with total Asset Under Management (AUM) of more than Rs 1.09 lakh crore. NPS is a voluntary, defined contribution retirement savings scheme designed to enable the subscribers to save for their earning after retirement