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Govt readies pension law revamp
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Govt readies pension law revamp
Sidhartha / TNN / Jul 30, 2021, 06:59 IST
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NEW DELHI: The government is ready with amendments to the law to allow the Pension Fund Regulatory & Development Authority (PFRDA) offer more flexibility to subscribers when it comes to withdrawing funds at the time of their retirement, apart from bringing under-regulated superannuation funds within its ambit.
The bill which was being discussed by a committee of secretaries for several months will also delink the National Pension System Trust from the regulator, while ensuring that the FDI is aligned with the one for the insurance sector, which is currently capped at 74%, official sources told TOI.
Govt readies pension law revamp
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The bill which was being discussed by a committee of secretaries for several months will also delink the National Pension System Trust from the regulator, while ensuring that the FDI is aligned with the one for the insurance sector, which is currently capped at 74%, official sources told TOI.
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(This story originally appeared in on Jul 30, 2021)NEW DELHI: The government is ready with amendments to the law to allow the Pension Fund Regulatory & Development Authority (PFRDA) offer more flexibility to subscribers when it comes to withdrawing funds at the time of their retirement, apart from bringing under-regulated superannuation funds within its ambit.
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