New Delhi: Pension regulator Said on Friday that employees of some opposition ruled states have distanced themselves from National pension System (nps), will keep earning Return But corpus This is under the contributory pension model. The regulator also pushed banks and other intermediaries to add more customers from the private sector.

Pension Fund Regulatory and Development Authority Chairman Deepak Mohanty said, “State governments will continue to get returns on funds under NPS, so there is no hindrance in it.” States like Rajasthan, Chhattisgarh and Himachal Pradesh have decided to exit NPS. Option was chosen. State government employees are in a dilemma as they cannot get their hands on the funds lying with the fund managers. However, Mohanty did not comment on how the regulator intends to deal with cases where states may re-join the NPS.
He said the scheme has delivered “very competitive returns” and is an attractive option for those looking to build retirement savings, especially after the regulator allowed systematic withdrawals and maintained the corpus for up to 75 years.