The Pension Fund Development Authority was initially established in 2003 to introduce a new restructured pension system that entrants to Central Government Service. This new pension scheme was popularly known as the National Pension Scheme. This scheme was made available voluntarily for everyone, including self-employed professionals and workers in the unorganised sector. The Interim Authority was set to regulate, promote and ensure the orderly growth of the pension market. However, various legislations govern the Pension system in India. The PFRDA got...
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