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    <title>Lok Sabha Passes Pension Fund Regulatory and Development Authority Bill, 2011; Subscribers Seeking Minimum Assured Returns Allowed to OPT for Investing their Funds in such Scheme Providing Minimum Assured Returns</title>
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    <description>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.</description>
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