Now Reading: PFRDA’s Jagpal: Corporate NPS can provide extra pension layer
-
01
PFRDA’s Jagpal: Corporate NPS can provide extra pension layer
Corporate NPS has 27,000 registered employers and 2.83 million employees as of July 2026, with assets under management of about Rs 3 lakh crore, according to a livemint report quoting PFRDA Whole…
The Story in Brief
Corporate NPS has 27,000 registered employers and 2.83 million employees as of July 2026, with assets under management of about Rs 3 lakh crore, according to a livemint report quoting PFRDA Whole Time Member Randip Singh Jagpal. Speaking at an event, Jagpal said the scheme can supplement EPF and provide an additional pension layer for employees earning above the EPF wage ceiling.
Jagpal urged employers to go beyond statutory requirements and offer corporate NPS, citing tax benefits (employer contribution deductible up to 14% under the new tax regime), portability, low costs, and investment flexibility. He said India needs a complete pension solution, not just another savings product.
The Indian Opinion
The narrative that NPS alone can solve India's pension crisis is often exaggerated, ignoring that most workers are in the unorganised sector with no access to corporate schemes. While corporate NPS is a useful supplement for formal-sector employees, the real test is whether the government can extend similar portability and low-cost benefits to informal workers. Also, the claim that NPS is low-cost needs scrutiny against actual returns after inflation and fund management fees. Will the upcoming NPS Central platform truly simplify access?
Source: livemint.com
This story was synthesised by AI from the source linked above.
