Finance Minister Nirmala Sitharaman announces committee to improve the National Pension System

The government today announced to set up a committee to suggest measures for improving the National Pension System under the Chairmanship of the Finance Secretary.

While moving the Finance Bill 2023 in the Lok Sabha, Finance Minister Nirmala Sitharaman said, several representations have been received that the National Pension System needs to be improved. She said a committee will look into the issue of pensions and evolve an approach that addresses the needs of the employees while ensuring fiscal prudence. She said the new approach will be designed for adoption by both Central and State governments.


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