THE AGE GROUPS OF PENSION BENEFICIARY HAVE BEEN INCREASED UP TO 75 YEARS OF THE AGE IF TO FOLLOW EQUITY SHARES WITH THE NPS AS EARLIER IT WAS 70 YEARS OF THE AGE GROUP

(PFRDA) has announced to enlarge the system of (NPS) in favor of the National Pension plan beneficiaries after the attainment of 65 years of age group and the same would continue till 75 years of the age where as earlier system was maintaining this scheme up to seventy years of the age groups .Under these instructions of the PFRDA circular fifty percent of the equity shares may be deposited, with easy withdrawal .The Indian residing in the foreign countries may also have this opportunity to deposit their fifty percent shares under the provision of above mentioned scheme of the (OCI) .On the other hand the pensioners of the society and circle have requested the honorable Prime minister of India to get the pensionary benefits made tax free on the pattern standard of the MP and the MLAs for which the Indian forum of pensionary beneficiaries have written a letter to the Prime minister of India on 25-8-2021 .

NATIONAL PENSION SCHEMES SHOULD BE FRAMED WELL WITH IN THE FRAME WORK OF REQUIRED SCHEDULE AS RETIREES FACING PROBLEMS DUE TO DELAY IN THE DECISION

It is necessary to protect law required to cover the retirement funds For regulating the superannuation funds as these are not under the regulatory control of the any financial regulator .Some changes have been proposed inthe PFRDA act , as per the statement by its chairman under the current regulatory structure, and the guidelines issued by the Ministry of the Finance, annuities can be bought, resulting in regulation by the insurance Regulatory & Development authoritiy of India.PFRDA handles the National pension schemes/system for which the mutual funds also selling the pension schemes as regulated by the Sebi .The debate is going on on the captioned subject matter deliberation required to be maintained by the government over regulation of these superannuation funds as failed to put in the frame work in the interest of employees joining the NPS as a result of which there is no clarity yet whether retirement savings of lakhs of investors are being managed properly as required scrutiny of the all superannuation schemes/ system is followed by the players working on the amendments to the existing law to ensure the regulation of the large number of superannuation funds that currently escape the required scrutiny.