PFRDA Expert Panel on Assured NPS Payouts
Why in the news
PFRDA created an expert committee to design assured pension income rules for NPS.
Key facts
- Strength: 15 members; chair M. S. Sahoo, ex-IBBI Chairman.
- A standing advisory committee on structured payouts.
- Problem addressed: market-dependent income deters risk-averse subscribers.
Mandate
| Area | Task |
|---|---|
| Rules | Assured payout regulations aligned with the PFRDA Act |
| Risk | Capital requirements and solvency norms |
| Transition | Smooth shift from saving to pension payout |
| Guarantees | Novation and settlement; legally enforceable, market-based |
| Tax | Treatment of assured payouts |
Exam angle
- Chair: M. S. Sahoo.
- Concept: accumulation to decumulation.