 "pension, insurance, savings, senior citizen, employment, NPS, PFRDA")
The Pension Fund Regulatory and Development Authority (PFRDA) is working on a minimum assured return-based pension scheme, its Chairman Supratim Bandyopadhyay said.
The pension authority is in talks with pension funds and actuarial firms to work out the modalities of the proposed scheme, he said.
"Under the PFRDA Act, we have the mandate to launch a minimum assured return scheme. Under pension fund (PF) schemes, the funds that are managed are mark-to-market. So obviously there is some volatility and the valuation is according to the market movement.
"So under that, there may be some people who would like to have some minimum assurance
