PFRDA Forms Committee to Develop Assured Pension Payout Guidelines for NPS Subscribers

The Pension Fund Regulatory and Development Authority (PFRDA) has formed an expert committee, led by M S Sahoo, to develop guidelines for assured pension payouts under the National Pension System (NPS) for non-government subscribers. The panel will review transition mechanisms from accumulation to payout phases and design regulations covering lock-in periods, withdrawal limits, pricing, and fees. Proposed payout options include flexible, assured, and predictable schemes aimed at addressing retirees' income uncertainty, though assured payouts may involve costs linked to market volatility and risks.