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In September 2021, the Pension Fund Regulatory and Development Authority (PFRDA)} increased the entry age for the National Pension System (NPS) from__
Question

In September 2021, the Pension Fund Regulatory and Development Authority (PFRDA)} increased the entry age for the National Pension System (NPS) from_____________ to __________.

A.

60 years; 65 years

B.

65 years: 70 years

C.

62 years; 65 years

D.

62 years: 70 years

Correct option is B

Sol. The correct answer is (b) 65 years; 70 years.
 In September 2021, the Pension Fund Regulatory and Development Authority (PFRDA) increased the maximum entry age for the National Pension System (NPS) from 65 years to 70 years.
 This move aimed to extend the pension scheme's benefits to a broader age group, encouraging more individuals to secure their retirement.
 The NPS is a government-sponsored pension scheme launched in January 2004, initially for government employees and later extended to all citizens of India.
 The revised age limit allows individuals between 18 and 70 years to join NPS.
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