New Delhi [India], October 1 (ANI): The Pension Fund Regulatory and Development Authority (PFRDA) has released a detailed Consultation Paper titled "Enhancing the National Pension System: Proposals for Flexible, Assured and Predictable Pension Schemes", inviting stakeholders across sectors to provide feedback on proposed reforms aimed at strengthening the National Pension System (NPS).

Dated September 30, 2025, the paper outlines three innovative pension scheme options under the NPS framework designed to offer subscribers greater flexibility, assurance, and predictability in their post-retirement income, as added in a release by the Ministry of Finance.

The first option, Pension Scheme-1 (Non-Assured, Flexible Decumulation), emphasizes wealth maximization by combining a Step-up Systemati

See Full Page