PENSION FUND REGULATORY
SUBJECT: Introduction of choice of Pension Funds and Investment Pattern in
Tier-I of NPS for Central Government subscribers -reg.
(a) The existing scheme in which funds are allocated by the PFRDA among the three Public Sector Undertaking fund managers based on their past performance in accordance with the guidelines of PFRDA for Government employees shall continue as default scheme for both existing and new subscribers.(b) Government employees who prefer a fixed return with minimum amount of risk shall be given an option to invest 100% of the funds in Government securities (Scheme G).(c) Government employees who prefer higher returns shall be given the options of the following two Life Cycle based schemes:(A) Conservative Life Cycle Fund with maximum exposure to equity capped at 25% – LC-25.(B) Moderate Life Cycle Fund with maximum exposure to equity capped at 50% – LC-50.
Source: PFRDA (click here to view/download pdf)