PFRDA Forms Expert Panel for Assured Payout Framework in NPS

• PFRDA has established a high-level committee to draft guidelines for assured payouts under the National Pension System (NPS).
• The committee aims to strengthen retirement income security for subscribers by ensuring fixed, guaranteed income regardless of market conditions.
• Chaired by Dr MS Sahoo, the 15-member committee includes experts from legal, actuarial, finance, insurance, capital markets, and academia.
• Key objectives include developing regulations, ensuring seamless transition from accumulation to payout phase, and establishing market-based guarantees.
• The panel will also focus on operational design, risk management, legal oversight, and consumer protection against mis-selling.

Why It Matters: PFRDA forms expert committee to create a robust framework for assured, guaranteed payouts under NPS.