PFRDA HOSTS MEETING TO PROMOTE NATIONAL PENSION SYSTEM
The Business Guardian|May 05, 2024
In a bid to raise awareness about the National Pension System (NPS) among corporates, the Pension Fund Regulatory and Development Authority (PFRDA) organized a “Round Table Meeting” on Friday, in Pune.

Chief Human Resource Officers (CHROs) from 20 selected corporates based in Pune participated in the event. The National Pension System (NPS) was introduced for all Central Government employees (excluding armed forces) joining the workforce on or after January 1, 2004.

Many State/UT Governments have also adopted NPS for their new employees. Since May 1, 2009, NPS has been open to all Indian citizens on a voluntary basis, including those in the corporate sector.

The Atal Pension Yojana (APY) was launched on June 1, 2015, for unorganized sector workers. As of April 27, 2024, the total subscribers of NPS and APY exceed 7.38 crores, with total Assets Under Management (AUM) reaching 11.80 lakh crore.

The number of subscribers in the private sector, including corporates, exceeds 55 lakhs, with an AUM crossing 2.29 lakh crore.

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