Deepak Mohanty was on Wednesday appointed the chairperson of the Pension Fund Regulatory & Development Authority (PFRDA), which oversees the state system serving the old age income needs of people.
A gazette notification by the department of financial services (DFS) said Mohanty will have a five-year tenure, effective from the date of assumption of charge of the post or till attaining the age of 65 years or until further orders, whichever is the earliest.
The PFRDA’s chairperson position was vacant for some two months. In August last year, the government started searching for a successor to former chairperson Supratim Bandypadhyay,