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PFRDA Retirement Income Schemes Under NPS Launched

19 May 20261 min read
BANKING & FINANCEPFRDA RetirementIncome SchemesUnder NPSLaunched19 May 2026safalsetu.com

Why in the news

The pension regulator rolled out a fresh set of income-focused options within the National Pension System, so retirees can plan how their savings are paid out.

Key facts

  • Regulator: Pension Fund Regulatory and Development Authority (PFRDA).
  • New offering: Retirement Income Schemes (RIS), part of the NPS, brought in during May 2026.
  • Payouts: the framework gives flexible periodic choices.
  • Account tenure: NPS accounts may continue till age 85.

Significance

  • Meant to improve how subscribers handle income after retirement.
  • Allows the retirement corpus to keep appreciating for longer.

Exam angle

  • Launched by: PFRDA; scheme name: Retirement Income Schemes.
  • Falls under: National Pension System.
  • Age limit to remember: 85 years.

Test yourself

1. Which regulator introduced the Retirement Income Schemes under the National Pension System in May 2026?

PFRDA launched the Retirement Income Schemes under NPS.

2. Under the new PFRDA framework, NPS accounts can continue till which age?

The framework lets subscribers continue NPS accounts until the age of 85.

3. What payout feature does the PFRDA Retirement Income Schemes framework offer?

The framework offers flexible periodic payout options.

This topic is part of Daily Current Affairs 19 May 2026 (21 topics).

All topics of the dayDay quizMay 2026

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