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  • News From Press Government employees may have to wait more for hike in NPS equity limit

    Government employees may have to wait more for hike in NPS equity limit

    Source: Mint Jun 12, 2018

    The Pension Fund Regulatory and Development Authority (PFRDA) is hopeful that the government will allow a hike in the equity investment limit for government sector National Pension System (NPS) from 15% to 50%. For this, PFRDA has proposed an action plan. PFRDA has proposed hiking the equity investment by allowing life-cycle funds.

    However, this may not happen anytime soon as PFRDA is still awaiting a formal notification from the government. “NPS for the government sector was designed by the government so it’s up to the government to increase the equity limit. The government is yet to think seriously about it,”said Kumar Sharadindu, managing director and chief executive officer, SBI Pension Funds Pvt. Ltd.

    Government NPS

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