As part of efforts to bolster India’s retirement ecosystem, the government has plans to further improve the National Pension System (NPS).

The Pension Fund Regulatory and Development Authority (PFRDA), on the occasion of NPS Diwas on October 1, released a consultation paper titled “Enhancing the National Pension System: Proposals for Flexible, Assured and Predictable Pension Schemes”.

It serves as a key initiative to advance the National Pension System (NPS) by introducing enhanced options designed to provide greater certainty and predictability in post-retirement income for subscribers.

The Consultation Paper, dated September 30, 2025, proposes three distinct schemes under the NPS framework, each catering to different subscriber needs for assured and flexible pension payouts:

Pens

See Full Page