The pension regulator has approached the Centre to allow government employees to raise their investments in equity to 50 per cent from the current 15 per cent under the National Pension System (NPS).
This, it says, will help address the issue of declining interest rates. A committee of secretaries is looking at the request.
The Pension Fund Regulatory and Development Authority (PFRDA) wants it to be increased to 25 per cent under one scheme and 50 per cent under another. It has also sought a greater say for employees in choosing their fund managers and investment pattern.
