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NPS unveils Retirement Income Schemes and drawdown options for steadier pension cashflow

NPS unveils Retirement Income Schemes and drawdown options for steadier pension cashflow

The PFRDA has introduced Retirement Income Schemes (RIS) and new drawdown options for National Pension System subscribers, aiming for more predictable cashflow and longer corpus life after retirement. RIS is a lifecycle scheme with an annual equity glide path, cutting equity exposure from 35% at 60 to 10% at 75, then holding it till 85. Retirees can opt for periodic withdrawals from the corpus while continuing mandatory annuity payouts, but PFRDA says payouts are not guaranteed and remain market-linked.

Summarised by Beize from a story on The Economic Times on 16 May 2026
NPS annuity surrender rules ease so critical illness and older policies can exit

NPS annuity surrender rules ease so critical illness and older policies can exit

PFRDA has relaxed National Pension System annuity surrender rules. Subscribers who are dealing with critical illness can now request surrender. The regulator also allows exit under certain conditions for older annuity contracts that include an express surrender clause, giving policyholders more flexibility than before and changing how late-stage liquidity works in NPS.

Summarised by Beize from a story on The Economic Times on 14 May 2026

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NPS adds rupee bonds from New Development Bank PFRDA opens a new investment route

NPS adds rupee bonds from New Development Bank PFRDA opens a new investment route

The PFRDA has revised NPS investment rules effective May 13, 2026, allowing pension funds to invest in rupee-denominated bonds issued by the New Development Bank. Until now, such foreign-bond options were limited to issuers like IBRD, IFC and ADB. Credit rating and maturity conditions remain largely unchanged, widening choices for both government and private NPS.

Summarised by Beize from a story on The Economic Times on 14 May 2026
8th Pay Commission NPS fight grows as workers demand assured pension amid market loss fears

8th Pay Commission NPS fight grows as workers demand assured pension amid market loss fears

Central government employees are worried that the New Pension System leaves their retirement corpus exposed to market swings. The All India NPS Employees Federation has asked for an assured pension for 8th Pay Commission workers, proposing a guarantee of 50% of last-drawn salary plus DA, arguing the current NPS-linked payouts can fall short—particularly for those with shorter service or lower pay.

Summarised by Beize from a story on The Economic Times on 11 May 2026
Maharashtra Revised NPS Promises Rs 7500 Minimum Pension for State Employees by 2026

Maharashtra Revised NPS Promises Rs 7500 Minimum Pension for State Employees by 2026

Maharashtra has revised its NPS scheme for state employees, with assured retirement benefits for those joining by December 2026. Employees with 20 years of service can receive 50% of their last drawn salary as pension, while a minimum Rs 7,500 monthly pension is guaranteed for 10 years. The update also details conditions around family pension, gratuity, and corpus access.

Summarised by Beize from a story on The Economic Times on 7 May 2026
Motilal Oswal Asset Management gets PFRDA nod to sponsor NPS pension funds

Motilal Oswal Asset Management gets PFRDA nod to sponsor NPS pension funds

Motilal Oswal Asset Management Company has received PFRDA approval to operate as a Pension Fund Sponsor under the National Pension System. It plans to set up a separate pension fund entity to manage NPS assets and retirement investments, expanding its footprint in India’s long-term retirement and pension management ecosystem.

Summarised by Beize from a story on The Economic Times on 7 May 2026

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NPS Sanchay launched for informal workers simplifies pension rules for millions

NPS Sanchay launched for informal workers simplifies pension rules for millions

PFRDA has introduced NPS Sanchay, a simplified NPS option designed for India’s informal sector employees, who make up nearly 90% of the workforce without formal pension coverage. The scheme reduces complexity in investing and asset allocation, and is open to Indian citizens aged 18 to 85, with rules largely aligned to existing NPS structures.

Summarised by Beize from a story on The Economic Times on 6 May 2026
SBI employees strike May 25 26 demands pension NPS shift and staffing overhaul

SBI employees strike May 25 26 demands pension NPS shift and staffing overhaul

SBI employees will hold a nationwide two-day strike on May 25 and 26, with unions citing staffing shortages and concerns over outsourcing of permanent roles. The AISBISF federation also raises pension parity issues under the National Pension System, alleging limited inter-circle transfers for staff hired after 2019, alongside demands including recruitment for messengers and armed guards.

Summarised by Beize from a story on The Economic Times on 5 May 2026
8th Pay Commission asks for NPS exit option and 65 retirement for teachers

8th Pay Commission asks for NPS exit option and 65 retirement for teachers

The All India NPS Employees’ Federation has met the 8th Pay Commission leadership, seeking major changes for federal staff. It wants NPS subscribers under the central government to be able to opt into the Old Pension Scheme after meeting service-period conditions. The group also pushed to raise the retirement age for central government teachers to 65.

Summarised by Beize from a story on The Economic Times on 1 May 2026
PFRDA clarifies NPS charges as Tier II AMC matches Tier I and dormant accounts face 10 percent

PFRDA clarifies NPS charges as Tier II AMC matches Tier I and dormant accounts face 10 percent

PFRDA has issued fresh clarifications on National Pension System charges that affect how savers pay over time. Annual Maintenance Charges for Tier II accounts will now be aligned with Tier I rates. The regulator also outlines a new treatment for dormant accounts, which will incur a 10% AMC charge, changing cost expectations for inactive subscribers.

Summarised by Beize from a story on The Economic Times on 30 Apr 2026

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NPS Swasthya Pension revised rules now mandate health cover and emergency exits

NPS Swasthya Pension revised rules now mandate health cover and emergency exits

Revised NPS Swasthya Pension Scheme PoC 2 guidelines have come into effect, making health insurance benefits mandatory for subscribers. The scheme remains a voluntary, contributory option open to any Indian citizen, investing contributions for retirement while enabling medical support through partial withdrawals for expenses and a 100% lump-sum exit in emergencies.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
PPFAS Asset Management approved to sponsor pension fund under NPS by PFRDA

PPFAS Asset Management approved to sponsor pension fund under NPS by PFRDA

PPFAS Asset Management has received approval from the Pension Fund Regulatory and Development Authority (PFRDA) to become a sponsor for a pension fund under India’s National Pension System (NPS). The move potentially expands the set of players managing NPS pension funds, strengthening options for subscribers while bringing PPFAS into the regulated pension ecosystem.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
NPS pensioners get medical allowance in bank automatically no bill submissions needed

NPS pensioners get medical allowance in bank automatically no bill submissions needed

NPS pensioners and family pensioners will now receive the Fixed Medical Allowance directly into their bank accounts. The transfer is automatic, removing the need to submit medical bills. The change is designed to simplify claims and ensure timely support for eligible retirees and their families under the NPS framework.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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