In September 2021,the Pension Fund Regulatory and Development Authority (PFRDA) increased the entry age for the National Pension System (NPS) from_______ to ______.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 65 years; 70 years.
- PFRDA extended the entry age for NPS from 65 to 70 years, allowing individuals up to 70 years old to enroll in the pension scheme.
- This adjustment offers older citizens more opportunities for retirement planning and financial security. The move reflects efforts to enhance inclusivity and cater to the evolving needs of retirees.