PFRDA forms panel to frame assured payouts under NPS

The committee will be chaired by former IBBI boss MS Sahoo

- FE BUREAU

THE PENSION FUND Regulatory and Development Authority (PFRDA) has constituted a high-level expert committee headed by MS Sahoo, former head of the Insolvency and Bankruptcy Board of India, to draft guidelines and regulations for introducing assured payout options under the National Pension System (NPS).

The move is aimed at strengthening retirement income security for subscribers.

The initiative, aligned with the provisions of the PFRDA Act, seeks to build a structured framework for post-retirement payouts while retaining the market-linked architecture of NPS, the finance ministry said.

The 15-member committee, chaired by Sahoo, also founder of Dr Sahoo Regulatory Chambers, comprises experts from legal, actuarial, finance, insurance, capital markets and academic backgrounds.

To facilitate comprehensive deliberations, the committee has also been authorised to invite external experts and intermediaries as special invitees.