PFRDA Announces Expert Committee to Develop Framework for Assured Payouts under National Pension System (NPS)

• PFRDA constituted a 15-member expert committee on 13 January 2026 to frame guidelines/regulations for "assured payouts" under the National Pension System (NPS).
• Chaired by Dr. M. S. Sahoo, founder of Sahoo Regulatory Chambers and ex-Chairperson, Insolvency and Bankruptcy Board of India (IBBI).
• Significant because NPS is a defined-contribution (market-linked) scheme; introducing assured payouts marks a shift toward defined-benefit-like security in retirement income — relevant to GS-II (governance/welfare) and GS-III (economy/social security).