The Pension Fund Regulatory and Development Authority (PFR&DA), on November 07, 2025, notified regarding the Corporate Model NPS: Revision in the provisions for exercising choices of Pension Funds and Investment Choices.
The following have been stated:-
• There have been certain apprehensions among few corporate sector employers on selection of Pension Fund and Asset Allocation for investment for their employees especially under joint contribution structure, where both employers and employee are cocontributing or where only the employer is contributing under the NPS. All employers under the corporate sector shall now be guided by the following:
• In a joint contribution structure, where both employers and employee are cocontributing or where employer is contributing higher amounts or where only the employer is contributing, the following decisions involving choice of pension fund or choice of schemes that are available for employees to invest the total funds, shall be decided in a formal and mutual agreement between the management and the employees in whatever manner that is accepted between the two parties.
[Circular No: PFRDA/2025/20/PDES/03]
