 "pension, insurance, savings, senior citizen, employment, NPS, PFRDA")
The subscribers of the National Pension Scheme (NPS) can now continue with their existing 'default' investment pattern and pension fund manager (PFM) even after retirement. The Pension Fund Regulatory and Development Authority (PFRDA) said, according to a report by BusinessLine (BL), that retirees not be required to file a request in this regard.
Until now, retirees could not contribute to their NPS account after retirement. They had to submit a separate request for the same. After the new rule, they can choose to continue with the existing plan or choose a new PFM and investment plan.
The move will come
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