Pension regulator constitutes expert committee to develop framework for assured payouts under NPS

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A solid  jar afloat  of coins and works  increasing  done  it with immoderate   coins and works  leaves. Concept of savings, interest, fixed deposits, pension, societal  information    cheque

A solid jar afloat of coins and works increasing done it with immoderate coins and works leaves. Concept of savings, interest, fixed deposits, pension, societal information cheque | Photo Credit: Getty Images

Seeking to research methods to avert marketplace risks and supply a dependable income, Pension Fund Regulatory and Development Authority (PFRDA) informed connected Tuesday (January 13, 2026) that it has constituted an adept committee to make a model for assured payouts nether the National Pension Scheme (NPS).

The 15-member committee would beryllium chaired by M.S. Sahoo who has antecedently served arsenic the Chairperson of the Insolvency and Bankruptcy Board of India (IBBI). The committee would dwell of members from the legal, actuarial, finance, insurance, superior markets and world fraternity.

Other than being tasked with creating regulations for assured payouts, it would beryllium required to deliberating connected the operational plan for execution successful presumption of defining lock-in periods, withdrawal limits, pricing mechanics and interest structures; supply for user extortion by carving standardised procedures to forestall mis-selling and code subscribers’ expectations astir the quality of assurance, among different things.

For context, successful a consultation insubstantial floated successful September past year, the pension regulator had noted that from the subscribers’ perspective, arsenic a “mark-to-market” defined publication scheme, NPS, “leaves definite cardinal questions unanswered, namely, adequacy of corpus and predictability of status income owed to factors similar marketplace volatility, publication persistency and concern choices.”

Published - January 13, 2026 07:13 p.m. IST

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