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PFRDA plans alternative to compulsory annuity in NPS

PFRDA plans alternative to compulsory annuity in NPS

Wednesday, February 26, 2020, 10:21 PM

The Pension Fund Regulatory and Development Authority (PFRDA) is working on a plan to introduce an alternative to the mandatory annuity that a subscriber has to buy when exiting the National Pension Scheme (NPS). There are two proposals in the works that the PFRDA will put forth to the finance ministry after the feedback it received from subscribers.
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