<h1>Minimum assured returns option in pension law lets subscribers choose guaranteed return schemes while strengthening regulatory oversight.</h1> The Bill establishes a statutory Pension Fund Regulatory and Development Authority empowered to regulate the New Pension System, to notify schemes providing minimum assured returns which subscribers may opt into, to prescribe rules for permitted withdrawals from individual pension accounts, to set foreign investment parameters linked to the insurance sector threshold, to require at least one public sector pension fund manager, and to constitute a Pension Advisory Committee to advise on regulations.