Pension fund regulator PRFDA has asked the Centre to raise the limit of Government employees' pension funds in the stock market up to 50 per cent.
The pension funds under PFRDA is allowed to invest only up to 15 per cent of the corpus into stocks market.
"We want that state and central Government employees should be allowed to invest more in equity. They should also get the same exposure to the stock market as the employees of private sector get which is at 50 per cent," PFRDA Chairman Hemant G Contractor said on Wednesday.
Currently, the proposal is lying with the Government for consideration and PRFDA is actively following it, he said.
Contractor said it is one of the recommendations of the G N Bajpai committee stating the investment of pension funds into stocks market should be enhanced. Pension Fund Regulatory and Development Authority (PFRDA) had set up an expert panel under the chairmanship of ex-Sebi chief GN Bajpai to review investment guidelines for NPS scheme.