The Pension Fund Regulatory and Development Authority (PFRDA) conducted a workshop on the National Pension System (NPS) for corporates in coordination with the FICCI here on June 23.
Chairman, MSME panel, FICCI Odisha State Council Vivek Pattanayak in his welcome address lauded the efforts of PFRDA for a NPS for corporates to provide pension to their employees for their old age income security.
Chief General Manager, PFRDA AG Das briefed the contours of the NPS. He informed that in the changing demographic status of the country, pension is one of the most important factors to be considered by everyone. He requested the participants to think the NPS not only for tax benefits, but also as a product which can yield market related returns and secure their regular income in the old age.
Assistant General Manager, National Aluminium Company limited (Nalco) Maniprasad Samal informed the participants about their experience of facilitating the NPS to their employees and the need and benefits of implementing it. Deputy General Manager Akhilesh Kumar gave a detailed presentation on the NPS.
More than 90 participants from around 50 corporates attended the workshop. The PFRDA officials clarified the queries regarding joining of the NPS, the tax benefits, the POPs details, the timelines, the transfer of superannuation fund to the NPS and annuity etc.