This pension scheme will have a provision of lock-in period and you will have to invest in it for a fixed period of time for fixed returns.
There is good news for government employees. After increasing Dearness Allowance and Dearness Relief (DA / DR) of the Modi Government of the Center (7th Pay Commission), now the Pension Fund Regulatory and Development Authority (PFRDA) is preparing to bring a new pension scheme, under which pensioners will be given 60 years of age. A fixed pension will be available after age.
Not only this, the scheme will also guarantee a fixed return of pension after retirement and everyone will be able to take advantage of this new pension scheme.According to media reports, the new pension scheme will be different from Atal Pension Yojana and National Pension System (NPS). This scheme is being brought under the pension regulator PFRDA, National Pension System (NPS), its preparations have started.
There will be a provision of lock-in period in the scheme and you will have to invest in it for a fixed period of time. Under this scheme, the pensioners will get guaranteed returns. In the new pension scheme, common man along with private and government employees will also be able to invest.
The special thing in this is that according to PFRDA, the guarantee of this scheme will be linked to the market. The fund manager will decide the guaranteed portion from the return on investment. The Pension Fund Regulatory and Development Authority (PFRDA) has invited Request for Proposal (RFP) from consultants to design this scheme. Under the same PFRDA Act, permission has been given to start the scheme of a minimum assured return. With this, pensioners will not only get a very safe and high return option of investment, the money market will come and it will also be completely safe.
According to media reports, according to the RFP draft of PFRDA, the subscriber under NPS will choose a scheme that can give ‘minimum assured return’. The scheme will offer a pension fund registered with the regulator. In this, the advisory work will prepare a ‘Minimum Assured Return’ scheme for the existing and potential subscribers of the Pension Fund. This scheme will be the first own scheme of PFRDA and it will also get guaranteed returns. In this way the advisors will work out a ‘Minimum Assured Return’ scheme for the existing and potential subscribers by the Pension Fund.