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Page 22 - ஓய்வூதியம் நிதி ஒழுங்குமுறை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

National Pension System entry age limit may be raised to 70 years, exit to 75

National Pension System entry age limit may be raised to 70 years, exit to 75 SECTIONS National Pension System entry age limit may be raised to 70 years, exit to 75ET Bureau Last Updated: Apr 16, 2021, 12:05 AM IST Share Synopsis The pension authority, which regulates both NPS and Atal Pension Yojana or APY, has registered 23% growth in its subscriber base under both the schemes with over 42.4 million subscribers by March 31. Total assets under management stood at Rs 5.78 lakh crore. Agencies The Pension Funds Regulatory and Development Authority (PFRDA) is looking to raise the maximum age of entry into the National Pension System (NPS) to 70 years from 65.

PFRDA mulling option of parking 40% annuity at retirement with pension fund managers

PFRDA mulling option of parking 40% annuity at retirement with pension fund managers Top Searches PFRDA mulling option of parking 40% annuity at retirement with pension fund managers PTI / Apr 15, 2021, 23:05 IST FacebookTwitterLinkedinEMail NEW DELHI: Pension fund regulator PFRDA is mulling giving to its subscribers an option of parking 40 per cent of the corpus that is mandatory to purchase an annuity at the time of retirement with a pension fund manager to get better benefits. As of now, subscribers having a corpus of over Rs 2 lakh at the time of retirement or attaining the age of 60 years need to buy an annuity, offered by insurance companies, on a mandatory basis. They can take out the remaining 60 per cent as a lump sum.

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