The government increased the maximum age for Pension Fund Regulatory and Development Authority's (PFRDA) Ombudsman from_______to________.

Correct option is B

The correct answer is (B) 65 to 75 years

Explanation:

The government increased the maximum age limit for the Pension Fund Regulatory and Development Authority (PFRDA) Ombudsman from 65 years to 75 years. This change allows individuals with more experience and expertise to hold the position for a longer duration.

Information Booster:

• The increase in the age limit aims to bring in more experienced individuals to serve as Ombudsman.

• This move reflects the government's commitment to enhancing the functioning of the PFRDA and ensuring better dispute resolution for pension-related issues.

• The Ombudsman plays a critical role in resolving complaints and disputes related to pension schemes and fund management.

• The PFRDA is responsible for the regulation and development of pension funds in India, and this age change supports the expertise needed for overseeing this sector.

• Extending the age limit can also bring continuity and stability in the decision-making process for pension fund management.