Para 10 — NPS

10. Features of NPS

(a) Portable – Each employee is identified by a unique number and has a separate Permanent Retirement Account which is portable i.e., will remain same even if an employee gets transferred to any other office.

(b) Transparent – NPS is transparent and cost effective system wherein the pension contributions are invested in the pension fund schemes and the employee will be able to know the value of the investment on day to day basis.

(c) Simple – All the subscriber has to do is to open an account with his/ her Nodal Office and get a PRAN.

(d) Regulated - NPS is regulated by PFRDA with transparent investment norms & regular monitoring and performance review of fund managers by NPS Trust