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Chairman PFRDA calls for increasing the coverage of State Autonomous Bodies (SABs) and to bring the unorganised workers including Anganwadi & Asha workers and SHGs within the ambit of NPS; State Governments urged to generate awareness to maximise coverage under Atal Pension Yojana (APY) as the benefit of Government co-contribution would be available to those subscribers only who join APY before 31st December 2015

Dated:- 11-12-2015 - The Chairman, PFRDA, Shri Hemant Contractor stressed the need for increasing the coverage of State Autonomous Bodies (SABs) and bring the unorganised workers like Anganwadi workers, Asha workers and SHGs within the ambit of National Pension System (NPS) so that they may also benefit from the scheme. Shri Contractor commended the substantial increase in the subscriber coverage of the State Governments subscribers which crossed the figure of 28 lacs and the increase in Asset u .....

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ere the progress in the implementation of NPS with respect to subscriber coverage and services could be brought to the fore and a way forward could be provided. Shri Contractor said that PFRDA was intent on achieving its twin objective of ensuring orderly growth of pension sector and protection of subscribers interest. He informed that barring two States viz. Tripura and West Bengal, all other States have notified NPS and have registered subscribers under NPS. He further informed that the main a .....

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that a third of the total staff enrolled in both the Central and the State Governments are registered in NPS and the pension liabilities of all the State Governments was around 3% of total revenue expenditure excluding salary and interest payment in 2004-05 which increased to 12.30% in 2012-13. NPS can be instrumental in reducing liabilities of the Government and the challenges include providing optimum returns on the deposits and for that ensuring timely collection of contributions by the nodal .....

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