PFRDA (Pension Fund) (Sixth Amendment) Regulations, 2021


Quick Summary
The Pension Fund Regulatory and Development Authority has issued the Pension Fund (Sixth Amendment) Regulations, 2021. These amendments, which come into effect upon their publication in the official gazette, modify the principal regulations from 2015. Specifically, a change has been made to regulation 8, increasing the permissible percentage from forty-nine per cent to seventy-four per cent.

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

NOTIFICATION

New Delhi, the 15th July, 2021

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY (PENSION FUND) (SIXTH AMENDMENT) REGULATIONS, 2021

No. PFRDA/12/RGL/139/9.- In exercise of the powers conferred by sub-section (1) of section 52 read with clauses (e), (m), (n), (o) and (p) of sub-section (2) thereof of the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013), the Pension Fund Regulatory and Development Authority hereby makes the following regulations to amend the Pension Fund Regulatory and Development Authority (Pension Fund) Regulations, 2015 namely, -

1. These regulations may be called the Pension Fund Regulatory and Development Authority (Pension Fund) (Sixth Amendment) Regulations, 2021.

2. These shall come into force on the date of their publication in the official gazette.

3. In the Pension Fund Regulatory and Development Authority (Pension Fund) Regulations, 2015: -

(I). In regulation 8, in clause (g) of sub-regulation (1), in line 3, the words “forty nine per cent.” shall be substituted with “seventy four per cent.”.

SUPRATIM BANDYOPADHYAY, Chairperson

[ADVT-III/4/Exty./150/2021-22]

Footnote:

1. The Principal  Regulations,  The  Pension  Fund  Regulatory  and  Development  Authority  (Pension  Fund) Regulations, 2015 were published in the Gazette of India on 19th May, 2015 vide notification No. PFRDA/12/RGL/139/9.

2. The Pension Fund Regulatory and Development Authority (Pension Fund) (First Amendment) Regulations, 2016 were published in the Gazette of India on 8th September, 2016 vide notification No. PFRDA/12/RGL/139/9.

3. The Pension Fund Regulatory and Development Authority (Pension Fund) (Second Amendment) Regulations, 2020 were published in the Gazette of India on 5th February, 2020 vide notification No. PFRDA/12/RGL/139/9.

4. The Pension Fund Regulatory and Development Authority (Pension Fund) (Third Amendment) Regulations, 2020 were published in the Gazette of India on 14th May, 2020 vide notification No. PFRDA/12/RGL/139/9.

5. The Pension Fund Regulatory and Development Authority (Pension Fund) (Fourth Amendment) Regulations, 2021 were published in the Gazette of India on 1st April, 2021 vide notification No. PFRDA/12/RGL/139/9.

6. The Pension Fund Regulatory and Development Authority (Pension Fund) (Fifth Amendment) Regulations, 2021 were published in the Gazette of India on 25th May, 2021 vide notification No. PFRDA/12/RGL/139/9.

FAQ :

These are new regulations issued by the Pension Fund Regulatory and Development Authority to amend the existing Pension Fund Regulatory and Development Authority (Pension Fund) Regulations, 2015.

The regulations will come into force on the date of their publication in the official gazette.

The amendments change regulation 8, specifically in sub-regulation (1), clause (g), line 3. The words 'forty nine per cent.' have been replaced with 'seventy four per cent.'.

The Pension Fund Regulatory and Development Authority (Pension Fund) Regulations, 2015 are being amended.

The Pension Fund Regulatory and Development Authority (PFRDA) issued these regulations.

 

Guest
Notification No : PFRDA/12/RGL/139/9
Published in Miscellaneous
Source : https://egazette.nic.in/WriteReadData/2021/228305.pdf

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