News From Press Inform CRA in advance to contribute to NPS beyond 60 yrs:PFRDA

Inform CRA in advance to contribute to NPS beyond 60 yrs:PFRDA

Source: Business Standard Aug 8, 2016

Subscribers of National Pension System will have to inform the Central Recordkeeping Agency (CRA) at least 15 days in advance if they wish to continue contributing to their accounts even after attaining the age of 60 years.

Coming out with clarification on its May 2015 norms on exits and withdrawals from the social security scheme, regulator PFRDA also said that subscribers who choose to contribute beyond 60 years of age can exist at any point later.

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