NPS: Restoration of old pensions has become an election issue in many states. There has also been a demand to return the employees’ money deposited in NPS in the states where the opposition parties won.
Amidst all this, Pension Fund Regulator PFRDA (PFRDA) is preparing to bring a scheme with assured returns.
What is in this scheme, how much assured return will be available, let’s know everything.
PFRDA is preparing to bring Minimum Assured Return Scheme. This scheme was to come by the end of December,
but there were some problems regarding the rules related to funding managers, due to which it could not come. Now there is talk of launching by June.
पेंशन फंड रेगुलेटर #PFRDA अब एश्योर्ड रिटर्न वाली स्कीम लाएगा, क्या होगा स्कीम में और कितना तक मिलेगा एश्योर्ड रिटर्न?
जानिए खबर की पूरी डिटेल्स ब्रजेश कुमार से@BrajeshKMZee | #Pension | #NPS
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4 to 5% assured return on pension fund for ten years
NPS has given an average return of 10% over 13 years. In the new scheme, half of this, i.e., 4 to 5 percent, can be assured return.
Subscribers can get up to a 5 percent return if the earnings are low. The additional return will also go to the subscriber’s account only.
A minimum contribution amount of Rs 5000 is possible annually. Also, the returns on National Pension Scheme (NPS) are market-linked, which is not guaranteed.
Management fees for assured returns will be higher
Along with this, there will also be a condition that the fund management charge of the assured return scheme will be higher.
Currently, the fund management charge on normal NPC is 0.09%, but it can be 0.25% on the assured return scheme.
Apart from this, there will also be a condition for those entering the system to remain in it for ten years.
Please tell that when the PFRDA Act came in 2013, it was decided that such a product should have come by the end of 2013-14, but it took a long time, and now preparations are on to launch it.
