That is consistent with the continued demand from Central Authorities workers for a broader vary of funding choices much like these out there to non-government subscribers.
These choices are designed to reinforce flexibility in retirement planning and permit workers to handle their retirement corpus in response to particular person preferences, the finance ministry stated.
Beneath NPS and UPS, the Central Authorities workers can now select from a variety of funding choices — Default possibility which is a ‘default sample' of funding outlined by Pension Fund Regulatory and Improvement Authority (PFRDA) infrequently.
The opposite possibility is Scheme G whereby 100 per cent funding can be in Authorities securities for low-risk, mounted returns.
Beneath Life Cycle (LC-25) possibility, most fairness allocation of 25 per cent, tapering regularly from age 35 to 55, whereas LC-50 caps most fairness allocation at 50 per cent of the retirement corpus.The Balanced Life Cycle (BLC) possibility is a modified model of LC50, with fairness allocation tapering from age 45, enabling workers to stay invested in equities for an extended interval if desired. In LC75, the utmost fairness allocation of 75 per cent, tapering regularly from age 35 to 55.
