PFRDA Forms High-Level Committee to Overhaul NPS Payouts for Assured Retirement Income

• PFRDA establishes a 15-member high-level committee to formulate guidelines for assured payouts under NPS.
• The committee, chaired by M. S. Sahoo, aims to enhance retirement security for subscribers.
• Its mandate includes creating regulations for assured payouts and ensuring a smooth transition from accumulation to decumulation phase.
• The panel will clarify the distinction between "assured" and market-linked payouts to manage subscriber expectations.
• It will also design operational standards like lock-in periods, fee structures, and withdrawal limits, with strict risk and legal oversight.

Why It Matters: PFRDA forms a committee to ensure assured, transparent, and secure retirement income for NPS subscribers.