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NEW NPS WITHDRAWAL RULES: GREATER FLEXIBILITY FOR RETIREMENT PLANNING Why in the News? Major Reform: The Pension Fund Regulatory and Development Authority (PFRDA) has revised the National Pension System (NPS) withdrawal rules, making retirement corpus more flexible and supporting long-term financial sustainability aligned with climate goals. Key Change: Subscribers can now withdraw a larger lump …
Read MoreATAL PENSION YOJANA: NEED FOR OUTCOME-LED DEEPENING Why in the News? The discussion around Atal Pension Yojana has gained attention as experts argue that the scheme must now move beyond enrolment expansion towards ensuring adequate and sustainable retirement security. Concerns have been raised regarding low pension adequacy, contribution persistence, and the need for greater flexibility …
Read MoreWhy in the News ? The government has introduced the Unified Pension Scheme (UPS) as an alternative to the existing National Pension System (NPS), requiring central government employees to choose between the two by June 2025, based on service tenure, returns, and flexibility. Understanding UPS and NPS : Central government employees must choose between Unified …
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