PFRDA's new rules for corporate NPS: What you should know
The Pension Fund Regulatory and Development Authority (PFRDA) just rolled out fresh guidelines for how companies and employees pick their pension funds under the National Pension System (NPS).
The circular outlines revised rules for all corporate NPS setups.
How to choose a pension fund
Now, choosing a pension fund isn't just up to management—both employers and employees need to agree on it together.
This choice gets reviewed every year, so there's room to switch things up if needed.
PFRDA also wants everyone to think long-term about their savings (we're talking 20-30 years), and financial education is now required during this process.
Employees can take these steps
Employees can invest more than just what their company puts in, or even pick a different fund on their own if allowed.
Got a problem with how funds are chosen? Start with HR; if they don't help, you can escalate it further.