PFRDA
Contact Head Office Address,Toll Free Number Pension Fund
Regulatory and Development Authority,Consumer Care Service Branch office address establishing,
developing and regulating pension funds establish and promote pension
system
Website : http://pfrda.org.in
PFRDA Contact Head Office Address
Pension Fund Regulatory and Development Authority,
Plot No.6, ICADR Building, Vasant Kunj Institutuional Area,
Phase-II, Vasant Kunj, New Delhi-110070
Phone : 011-26897948/49
NPS Information Desk
Call Centre : 1800 110 708
SMS : NPS 56657
To be a model Regulator for promotion and development of an organized pension system to serve the old age income needs of people on a sustainable basis.
“To establish and promote pension system to serve the old age income needs of all citizens through guided development and prudent regulation of the pension industry, with focus on institution-building, capacity development and enabling framework for innovations in products, schemes and programmes across all stakeholders and market participants, in the best interest of the subscribers and the pension system.”
The Government of India had, in the year 1999, commissioned a national project titled “OASIS” (an acronym for old age social & income security) to examine policy related to old age income security in India. Based on the recommendations of the OASIS report, Government of India introduced a new Defined Contribution Pension System for the new entrants to Central/State Government service, except to Armed Forces, replacing the existing system of Defined Benefit Pension System. On 23rd August, 2003, Interim Pension Fund Regulatory & Development Authority (PFRDA) was established through a resolution by the Government of India to promote, develop and regulate pension sector in India. The contributory pension system was notified by the Government of India on 22nd December, 2003, now named the National Pension System (NPS) with effect from the 1st January, 2004. The NPS was subsequently extended to all citizens of the country w.e.f. 1st May, 2009 including self employed professionals and others in the unorganized sector on a voluntary basis.
The Pension Fund Regulatory & Development Authority Act was passed on 19th September, 2013 and the same was notified on 1st February, 2014. PFRDA is regulating NPS, subscribed by employees of Govt. of India, State Governments and by employees of private institutions/organizations & unorganized sectors. The PFRDA is ensuring the orderly growth and development of pension market.
Preamble
The Preamble of the Pension Fund Regulatory & Development Authority Act, 2013 describes the basic functions of the PFRDA as –
“…. 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.”
COMPOSITION OF THE AUTHORITY
The Authority shall consist of a Chairperson and not more than five members, of whom at least three shall be Whole-Time Members, to be appointed by the Central Government.
PRESENT BOARD OF THE AUTHORITY
1. Shri Hemant G Contractor
Chairman
Ph :011-26897937
E-Mail: chairman@pfrda.org.in
2. Shri R.V.Verma
Whole-Time Member (Finance)
Ph: 011-26130189
E-Mail: rvverma@pfrda.org.in
3. Shri Dr.B.S.Bhandari
Whole-Time Member (Economics)
Ph:011-26897934
E-Mail : badris.bhandari@pfrda.org.in
4. Shri Dr.Anup Wadhawan
Joint Secretary, DFS, Ministry of Finance
Part-Time Member
Ph:011-23362349
5. Smt Sudha Krishnan
Joint Secretary, DoE, Ministry of Finance
Part-Time Member
Ph: 011-23093283
Website : http://pfrda.org.inPFRDA Contact Head Office Address
Pension Fund Regulatory and Development Authority,
Plot No.6, ICADR Building, Vasant Kunj Institutuional Area,
Phase-II, Vasant Kunj, New Delhi-110070
Phone : 011-26897948/49
NPS Information Desk
Call Centre : 1800 110 708
SMS : NPS 56657
To be a model Regulator for promotion and development of an organized pension system to serve the old age income needs of people on a sustainable basis.
“To establish and promote pension system to serve the old age income needs of all citizens through guided development and prudent regulation of the pension industry, with focus on institution-building, capacity development and enabling framework for innovations in products, schemes and programmes across all stakeholders and market participants, in the best interest of the subscribers and the pension system.”
The Government of India had, in the year 1999, commissioned a national project titled “OASIS” (an acronym for old age social & income security) to examine policy related to old age income security in India. Based on the recommendations of the OASIS report, Government of India introduced a new Defined Contribution Pension System for the new entrants to Central/State Government service, except to Armed Forces, replacing the existing system of Defined Benefit Pension System. On 23rd August, 2003, Interim Pension Fund Regulatory & Development Authority (PFRDA) was established through a resolution by the Government of India to promote, develop and regulate pension sector in India. The contributory pension system was notified by the Government of India on 22nd December, 2003, now named the National Pension System (NPS) with effect from the 1st January, 2004. The NPS was subsequently extended to all citizens of the country w.e.f. 1st May, 2009 including self employed professionals and others in the unorganized sector on a voluntary basis.
The Pension Fund Regulatory & Development Authority Act was passed on 19th September, 2013 and the same was notified on 1st February, 2014. PFRDA is regulating NPS, subscribed by employees of Govt. of India, State Governments and by employees of private institutions/organizations & unorganized sectors. The PFRDA is ensuring the orderly growth and development of pension market.
Preamble
The Preamble of the Pension Fund Regulatory & Development Authority Act, 2013 describes the basic functions of the PFRDA as –
“…. 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.”
COMPOSITION OF THE AUTHORITY
The Authority shall consist of a Chairperson and not more than five members, of whom at least three shall be Whole-Time Members, to be appointed by the Central Government.
PRESENT BOARD OF THE AUTHORITY
1. Shri Hemant G Contractor
Chairman
Ph :011-26897937
E-Mail: chairman@pfrda.org.in
2. Shri R.V.Verma
Whole-Time Member (Finance)
Ph: 011-26130189
E-Mail: rvverma@pfrda.org.in
3. Shri Dr.B.S.Bhandari
Whole-Time Member (Economics)
Ph:011-26897934
E-Mail : badris.bhandari@pfrda.org.in
4. Shri Dr.Anup Wadhawan
Joint Secretary, DFS, Ministry of Finance
Part-Time Member
Ph:011-23362349
5. Smt Sudha Krishnan
Joint Secretary, DoE, Ministry of Finance
Part-Time Member
Ph: 011-23093283
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