Pension fund regulator PFRDA has suggested an increase in the monthly pension limit under APY. It has also pitched for an increase in age limit to join the pension scheme to 60-years, from the current limit of 40. Atal Pension Yojana is a government scheme pension-scheme meant employees of the unorganised sector-employees as-well-as self employed. It is open for those between 18 and 40-years.