PFRDA NPS Pension: There is a great news for pensioners. Pension regulator PFRDA is coming up with a new plan for its employees, under which there is an attempt to give minimum pension.
PFRDA NPS Pension: There is a great news for millions of pensioners of the country. The Pension Regulator of India i.e. PFRDA is going to come up with a new plan named Minimum Assured Return Scheme (MARS) under the National Pension Scheme (NPS). Almost all pensioners will get benefit from this scheme. There is a preparation to launch this new plan in the National Pension Scheme itself by 30 September. Under this program, preparations are being made to bring the Minimum Guaranteed Return Scheme, which is going to benefit crores of investors of the country.
Scheme may start from 30th September
PFRDA chairperson Supratim Bandyopadhyay said that right now we are preparing for the minimum pension scheme plan. He told that PFRDA understands the impact of inflation and fall in the value of rupee on its investors and on the basis of that, also gives returns to the pensioners.
At present, work is going on on a minimum return scheme in NPS. With this, investors can get a huge amount. Bandopadhyay further informed that the minimum guarantee scheme can be started from 30th September under NPS.
How much return have you got so far?
Supratim Bandopadhyay informed that in the last 13 years, the National Pension Scheme has given returns to the investors at the rate of more than 10.27 per cent per annum. To provide relief from rising inflation, efforts are being made to ensure that NPS investors get better returns.
Subscribers will become 20 lakhs
The chairperson of PFRDA said that the size of pension assets is Rs 35 lakh crore. Out of which 22 percent i.e. total Rs 7.72 lakh crore is with NPS and 40 percent is with EPFO. The maximum age limit to join this scheme has been increased to 70 years. Due to which the number of subscribers has increased. Now the total number of subscribers has increased from 3.41 lakhs to 9.76 lakhs.
What is National Pension Scheme (NPS)
The Central Government had made NPS mandatory for its employees on 1 January 2004. After this all the states adopted the NPS scheme for their employees. In 2009, this scheme was also opened to the employees working in the private sector. After retirement, employees can withdraw part of NPS and take an annuity from the remaining amount for regular income. Any person of 18-70 years can invest here.
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