The pension authority is in talks with pension funds and actuarial firms to work out the modalities of the proposed scheme, he said."Under the PFRDA Act, we have the mandate to launch a minimum assured return scheme. Under pension fund (PF) schemes, the funds that are managed are mark-to-market. So obviously there is some volatility and the valuation is according to the market movement.
"So under that, there may be some people who would like to have some minimum assurance (on return). So for that, we are working with our pension fund managers and some actuarial firms to find out what could be the ideal (minimum) level of guarantee that can be given," Bandyopadhyay told PTI.
Source: https://m.dailyhunt.in/news
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