Markets regulator Sebi has introduced a new pension scheme for its permanent staff members. Currently, the regulator does not have any pension scheme. However, Sebi offers the facility of provident fund (PF) to its employees.
“Every employee shall become a member of the Sebi employee’s PF…every whole time employee joining the services of the board, on and from such date, as may be specified, shall only become a member of the Sebi New Pension Scheme,” Sebi said in a notification dated November 30.
PFRDA (Pension Fund Regulatory & Development Authority) regulates the NPS, subscribed by employees of central government, state governments and by employees of private organisations and unorganised sectors. NPS allow employees an additional tax benefit of on savings of Rs 50,000 from this year.