1st October 2021 as National Pension System Diwas

• The Pension Fund Regulatory and Development Authority (PFRDA) will be observing 1st October 2021 as the National Pension System Diwas (NPS Diwas) to promote pension and retirement planning for a carefree ‘azad’ retirement.
• The pension regulator aims to encourage every citizen (working professionals and self-employed professionals) to plan towards creating a financial cushion to ensure for oneself a financially sound future after retirement.

• The pension regulator aims to encourage every citizen (working professionals and self-employed professionals) to plan towards creating a financial cushion to ensure for oneself a financially sound future after retirement.
• NPS subscribers will now enjoy the benefits, power of compounding and reap many of the benefits after retirement.
• PFRDA is promoting this campaign on its social media platforms with #npsdiwas.

Pension Fund Regulatory and Development Authority (PFRDA)

• It is the regulatory body under the jurisdiction of the Ministry of Finance, Government of India for overall supervision and regulation of pension in India.
• The Pension Fund Regulatory & Development Authority Act was passed on 19 September 2013 and the same was notified on 1 February 2014.
• PFRDA is regulating NPS, subscribed by employees of Govt. of India, State Governments and by employees of private institutions /organizations & unorganized sectors.
• The PFRDA is ensuring the orderly growth and development of the pension market.