India, Oct. 28 -- The Government of India has issued a release:
The Pension Fund Regulatory and Development Authority (PFRDA) hosted a seminar on the "Consultation Paper on Enhancing the National Pension System: Proposals for Flexible, Assured and Predictable Pension Schemes" at the Insurance Institute of India in Mumbai today.
The seminar brought together a diverse group of experts, including academicians, retirement income practitioners and representatives from pension fund, annuity & life insurance service providers, alongside key PFRDA officials. The focus was on gathering insights and feedback on the three proposed schemes in the Decumulation phase of the National Pension System (NPS) to make it more flexible, assured and predictable for subscribers.
The Consultation Paper "Enhancing the National Pension System for a Flexible and Assured Retirement", proposes three distinct schemes under the NPS framework, each catering to different subscriber needs for assured and flexible pension payouts:
The seminar featured presentations from three key experts: Prof. Arun Muralidhar (Adjunct Faculty, Georgetown University), Dr. Renuka Sane and Mr. Ravi Saraogi, CFA.
These sessions generated rich discussions among the participants, focusing on the future roadmap for the NPS and the practical implementation of the proposals outlined in the Consultation Paper and each presentation was followed by an extensive Discussion and Q&A session involving the participants.
Invitation for Stakeholder Comments
The consultation paper is available on PFRDA website and is open for feedback & inputs. NPS participants, prospective subscribers, pension funds, industry experts, annuity & life insurance service providers, academia and the general public can submit their feedback using the Feedback Template provided within the consultation paper.
Disclaimer: Curated by HT Syndication.
