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ARTICLE · 03 DECEMBER 2013

PFRDA Act, 2013

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Pension Fund Regulatory and Development Authority was established by the Government of India on 23rd August, 2003 to promote old age income security by establishing, developing and regulating pension funds, to protect the interests of subscribers to schemes of pension funds and for matters connected therewith or incidental thereto.

IndiaEmployment and HR
Yogesh Malhan
Yogesh Malhan
Ankit Sukhija
Ankit Sukhija
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ABOUT PFRDA

Pension Fund Regulatory and Development Authority was established by the Government of India on 23rd August, 2003 to promote old age income security by establishing, developing and regulating pension funds, to protect the interests of subscribers to schemes of pension funds and for matters connected therewith or incidental thereto.

BACKGROUND & ORIGIN

During the last decade, a shift in pension policy in India was witnessed which resulted in the introduction of a new pension system. A High level Expert Group (HLEG) and the Old Age Social and Income Security (OASIS) Project commissioned by the Government were the two initial milestones on the road to pension reforms for the Government employees and the unorganized sector respectively.

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