Demand from bank employees comes amid several states opting out of contribution pension scheme...

Readers write in from Bhopal, Calcutta and Delhi...

These inculde the proposed law to facilitate privatisation of public sector banks, and amendments to the Pension Fund Regulatory and Development Authority Act...

It may include the proposed law for facilitating privatisation of public sector banks as announced by the finance minister in the Budget...

PFRDA chairman Supratim Bandyopadhyay said close to 400 people above 65 years have applied and joined the NPS following the change in the regulations in August...

A Bill may be introduced in the upcoming Winter session of Parliament...

Those members who have closed their National Pension System accounts have also been permitted to open a new account...

Employers’ contribution of 14% under the National Pension System scheme for central govt employees was made tax-free from April 1, 2019...

A systematic withdrawal plan, similar to what mutual funds offer, is being planned to protect the retirement corpus...

This will help lower the pension budget, thereby bettering finances for modernisation...