The National Pension System (NPS) appears to be slowly and steadily emerging as a favoured retirement investment option of the country’s youth. Pension Fund Regulatory and Development Authority (PFRDA) Chairman Hemant Contractor in a tweet recently mentioned that 63.12 per cent corporate employees in the 26-35 years age-group joined NPS ‘voluntary’ in July 2016 compared to 46.38 per cent in June 2016.
While 63.12 per cent is a big number, what is actually striking is the age group that is opting for NPS, and that too, voluntarily.
