National Pension System
Agenda Introduction of National Pension System Investments Option in NPS Contribution Payment Charge Structure Fund Security Annuity Selection Getting your money out Return Illustration
Agenda Grievance Management How to Subscribe NPS Time lines in NPS Operating Guidelines for PoP-PoP (SP)
National Pension System (NPS) Government of India introduced NPS for Central Government Employees joining services w.e.f 1 st Jan On 1 st May 2009, on voluntary basis NPS was made available for All citizens of India. PFRDA was created as regulator for the Pension sector. NPS is based on Personal retirement accounts (PRAs) created for individual members. NPS accretes savings into subscribers PRA while he is working and use the accumulations at retirement to procure a pension for the rest of his life. New Pension System is a voluntary contribution of funds for a sustained period of time (till the age of 60years) to enable him to draw pension after he attains 60 years of age.