Pension : Tier II account under NPS: Clarification on Third Party Contribution by PFRDA

Tier II account under NPS: Clarification on Third Party Contribution by PFRDA

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
Circular

Circular No.: PFRDA/2021/35/PD/1

Date: 16th August 2021

To
All stakeholders

Subject: Clarification – Third party contributions in Tier II account under NPS

With reference to PFRDA circular PFRDA/2017/3/PD/1 dated 13th January, 2017 on ‘Discontinuance of acceptance of any third-party contributions in Tier II account under NPS’, it is clarified that alike in Government sector, the subscribers / employees under NPS Corporate Sector having an arrangement with respective employer, can contribute to their Tier II account by way of salary deductions.

(Mono Phukon)
Chief General Manager