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    <title>FM Launches New Website of PFRDA and Releases Its First Annual Report; Says the Pension Reforms will Help in Releasing Resources for Better Deployment and Utilisation in other SOCIAL SECTORS</title>
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    <description>Pension reform seeks to transition retirement liabilities from unfunded public pay-outs toward a funded pension corpus, with regulatory measures to permit increased foreign participation, foster market entry and competition, protect subscriber interests, promote the NPS Swavalamban scheme for the unorganised sector, establish an efficient grievance redressal mechanism, and steward the funded resources to finance pension pay-outs and support priority sectors.</description>
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