Finance Ministry forms panel to suggest changes to NPS; head- Finance Secretary T.V. Somanathan
The Ministry of Finance has set up of a four-member committee to review the National Pension Scheme (NPS) and suggest any changes in it, keeping in mind the interest of government employees.
The committee will be headed by Finance Secretary T.V. Somanathan.
The other members of the committee will comprise of Secretary, Personnel, Special Secretary, Personnel, and Chairman of the Pension Fund Regulatory and Development Authority (PFRDA).
The panel will suggest ways for higher pensionary benefits to the government employees covered under the NPS, amid growing demand for the old pension system (OPS) with assured benefits without contribution.