PFRDA Proposes Slew Of Changes To Pension System
The New Indian Express Chennai|April 19, 2021
THE soon-to-be-voted-on PFRDA Amendment Bill looks to make several changes to the existing pension system in the country, from reducing conflict of interest between regulating and managing entities to allowing older citizens to participate in the rapidly growing National Pension Scheme (NPS).
PFRDA Proposes Slew Of Changes To Pension System

Higher maximum entry and exit age

According to PFRDA chairman Supratim Bandyopadhyay, the Bill will likely allow the regulator to increase the maximum entry and exit age for the NPS scheme, allowing subscribers who join after 60 years of age to continue their NPS accounts till they are 75.

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