PFRDA Forms Expert Committee to Develop Assured Payout Framework Under NPS

The Pension Fund Regulatory and Development Authority (PFRDA) has formed a 15-member expert committee, chaired by M.S. Sahoo, to develop a framework for assured payouts under the National Pension System (NPS). The committee's mandate includes creating regulations for guaranteed post-retirement income, ensuring smooth transition from accumulation to payout phases, defining operational parameters like lock-in periods and withdrawal limits, and establishing risk management and consumer protection measures. This initiative aims to enhance retirement income security while maintaining NPS's market-linked structure and expanding pension product choices for subscribers.