https://www.taxtmi.com/news?id=20421 Defined contribution pension reform establishes the National Pension System (NPS) with a prudential unbundled regulatory architecture overseen by PFRDA, listing intermediaries and noting low institutional costs, compounding of pension wealth, online transparency and portability. It sets out subscriber-facing mechanisms: tax-deductible Tier-I contributions with an additional rebate, partial withdrawal rights subject to conditions and liberalized tenure requirements, expanded maximum entry age for certain models, and facilitated exits for disability, while recording no proposal to revert to the old defined benefit pension for recent recruits due to fiscal concerns. en-us Sat, 11 Aug 2018 13:28:50 +0530 Sat, 11 Aug 2018 13:28:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20421 Defined contribution pension reform establishes the National Pension System (NPS) with a prudential unbundled regulatory architecture overseen by PFRDA, listing intermediaries and noting low institutional costs, compounding of pension wealth, online transparency and portability. It sets out subscriber-facing mechanisms: tax-deductible Tier-I contributions with an additional rebate, partial withdrawal rights subject to conditions and liberalized tenure requirements, expanded maximum entry age for certain models, and facilitated exits for disability, while recording no proposal to revert to the old defined benefit pension for recent recruits due to fiscal concerns. News - Sat, 11 Aug 2018 13:28:50 +0530 https://www.taxtmi.com/news?id=20421