NPS AWARENESS PROGRAMME FOR CORPORATE


 

The National Pension System (NPS) has been implemented for all Government Employees (except armed forces) entering the Central Government workforce on or after January 1, 2004. Most of the State/UT Governments have also adopted the NPS for their new employees. Since May 1, 2009, NPS has been available to every Indian Citizen on a voluntary basis, including corporates. Notably, the Atal Pension Yojana (APY) was launched on June 1, 2015, providing a significant boost to social security schemes.

Event photograph.jpeg

As on 9.12.2023, the subscribers of NPS and APY surpassed 6.92 crores with a total Asset Under Management (AUM) of 10,70,423.51  Crore. The number of subscribers in the private sector, including corporates, exceeds 50 lacs and crossed 2 lakh crore AUM, with 14,629 corporates having adopted NPS and registering 18.76 lacs employees under NPS.

To promote awareness of NPS among corporate entities, the Pension Fund Regulatory and Development Authority (PFRDA) organizes NPS Awareness Programme for Corporate' nationwide. Recently, in collaboration with the FICCI, PFRDA conducted an event on December 15, 2023, at Hyatt Place, Hyderabad in presence of various corporates based in Hyderabad.

The keynote speaker at the event was Ms Mamta Shankar, Whole Time Member (WTM) at PFRDA. Ms Shankar emphasized the growing concerns related to an aging society and increasing life expectancy, underscoring the necessity for adequate pension coverage. She elaborated on the efficiency, scale, and returns that NPS has delivered and urged corporates to adopt NPS for the benefit  of their employees. Other notable speakers included Mr. Jehangir Damkevala, Associate Director and Retirement Trust Consulting Leader, Willis Towers Watson and Managing Partner, and Ms. Behroze Kamdin, Partner, Deloitte Haskins & Sells, alongside Mr. Ramchander Maddela, Chief Human Resource Officer  of Aspentek Informatics Pvt Limited. Ms. Puja Upadhyay, AGM, PFRDA explained the product benefits and features of NPS and highlighted the importance of NPS for corporate employees. The speakers addressed critical topics such as Retirement Benefits Planning, features of NPS including Tax benefits under NPS, and NPS Onboarding and Implementation for Corporates (Experience sharing).

The conference was attended by over 120 delegates from 50 corporate, and Points of Presence.

image.png


image.png


.

 

 

 

 

 

  • Related Posts

    NH7 WEEKENDER CO-PRESENTED BY THE HOUSE OF MCDOWELL’S SODA, BRINGS MUSIC YAARI AND UNFORGETTABLE MOMENTS TO NOIDA

    India’s Happiest Music Festival set the stage for soul stirring from Chaar Diwari, Seedhe Maut and others – making it a night of friendship, connection and tunes   For the…

    Škoda Auto and regional partner and investor, Thanh Cong Group, open plant to assemble Škoda Kushaq and Slavia in Vietnam

      ›     Škoda Auto and regional partner Thanh Cong Group begin local assembly in Vietnam: The Kushaq and Slavia models are assembled from completely knocked down (CKD) kits imported from…

    You Missed

    NH7 WEEKENDER CO-PRESENTED BY THE HOUSE OF MCDOWELL’S SODA, BRINGS MUSIC YAARI AND UNFORGETTABLE MOMENTS TO NOIDA

    • By editor
    • March 31, 2025
    • 29 views
    NH7 WEEKENDER CO-PRESENTED BY THE HOUSE OF MCDOWELL’S SODA, BRINGS MUSIC YAARI AND UNFORGETTABLE MOMENTS TO NOIDA

    Škoda Auto and regional partner and investor, Thanh Cong Group, open plant to assemble Škoda Kushaq and Slavia in Vietnam

    • By editor
    • March 29, 2025
    • 53 views
    Škoda Auto and regional partner and investor, Thanh Cong Group, open plant to assemble Škoda Kushaq and Slavia in Vietnam

    Delhi’s Sleep Crisis: Late nights, tired mornings

    • By editor
    • March 29, 2025
    • 42 views
    Delhi’s Sleep Crisis: Late nights, tired mornings

    Myprotein’s Move Club Extends to Noida with a 3K Community Run

    • By editor
    • March 29, 2025
    • 38 views
    Myprotein’s Move Club Extends to Noida with a 3K Community Run

    India must overcome TB to help its population move from social stigma to a graceful living

    • By editor
    • March 29, 2025
    • 48 views

    Lubrizol Amplifies India Commitment with Local Technology and Innovation Center

    • By editor
    • March 28, 2025
    • 55 views
    Lubrizol Amplifies India Commitment with Local Technology and Innovation Center