Date: 2025-11-13Category: Extra OrdinaryState: Union GovernmentCountry: India
Extending the investment choices Life Cycle 75 (LC 75) and Balanced Life Cycle Fund (BLC) to Gentral Government employees under National Pension System and Unified Pension Scheme
**Executive Summary**
This notification from the Ministry of Finance (Department of Financial Services), dated November 13, 2025, introduces amendments to previous notifications concerning the National Pension System (NPS) and Unified Pension Scheme. The amendments provide Central Government employees with additional investment options. The notification is effective immediately.
**Key Points / Main Content**
* **Amendment:** The notification amends previous notifications, specifically referencing notifications No. 5/7/2003-ECB&PR, No. 1/3/2016-PR, and No. 1/3/2024-PR.
* **Purpose:** The amendments aim to offer more investment choices to Central Government employees participating in the National Pension System (NPS) and Unified Pension Scheme.
* **New Investment Options:** Two new sub-clauses are added under para 1(vii)(c):
* **Aggressive Life Cycle Fund (LC-75):** This fund has a maximum equity exposure capped at 75%.
* **Balanced Life Cycle Fund (BLC):** This fund has a maximum equity exposure capped at 50%, with the equity component tapering from the age of 45 years.
**Impact Analysis**
**Stakeholder: Central Government Employees**
**Impact**
* Provided with additional investment options under the National Pension System (NPS) and Unified Pension Scheme.
* Can choose between the Aggressive Life Cycle Fund (LC-75) and the Balanced Life Cycle Fund (BLC) based on their risk appetite and investment goals.
**Action Required**
* Review the details of the new investment options (LC-75 and BLC).
* Make informed decisions about their pension investments based on their individual circumstances.
Key Entities Referenced
Ministry of Finance: The primary governmental body issuing the notification regarding pension scheme amendments.
National Pension System: A pension scheme for government employees, affected by the option of increased investments as outlined in the notification.
Unified Pension Scheme: A pension scheme for government employees, affected by the option of increased investments as outlined in the notification.
Aggressive Life Cycle Fund: New investment option added to pension schemes, with a maximum of 75% equity investment.
Balanced Life Cycle Fund: New investment option added to pension schemes, with a maximum of 50% equity investment and tapering from age 45.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-13112025-267635
xxxGIDHxxx
CG-DL-E-13112025-267635
xxxGIDExxx
असाधारण
EXTRAORDINARY
भाग I—खण्ड 1
PART I—Section 1
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 336] नई दिल्ली, बृहस्ट्प जतिार, निम्ब र 13, 2025/कार्तकि 22, 1947
No. 336] NEW DELHI, THURSDAY, NOVEMBER 13, 2025/KARTIKA 22, 1947
जित्त मत्रं ालय
(जित्तीय सिे ाए ं जिभाग)
अजधसचू ना
नई दिल्ली, 13 निम्बर, 2025
फा. स.ं एफएक्स-4/2/2025-पीआर.—जित्त मंत्रालय (जित्तीय सेिाएं जिभाग) की 31 िनिरी, 2019 की
अजधसूचना सं. 1/3/2016-पीआर और जित्त मंत्रालय (जित्तीय सेिाएं जिभाग) की 24 िनिरी, 2025 की अजधसूचना
सं. 1/3/2024-पीआर के तहत यथा संिोजधत 22 दिसम्बर, 2003 की जित्त मंत्रालय (आर्थिक कायि जिभाग) की अजधसूचना
सं. 5/7/2003-ईसीबी-पीआर में आंजिक संिोधन के साथ केन्द्रीय सरकार राष्ट्रीय पिें न योिना और एकीकृत पेंिन योिना
के अंतगति सरकार के कमिचाररयों के जलए अजधक जनिेि का जिकल्प िेन ेके जलए, एतद्द्वारा, उक्त अजधसूचनाओं में जनम्नजलजखत
संिोधन करती ह,ै नामत::-
2. उक्त अजधसूचना के पैरा 1(vii)(ग) के अंतगित उपखंड (क) और (ख) के पश्चात जनम्नजलजखत उपखडं अंतर्ििष्ट दकए
िाएंगे, नामत::-
(ग) एग्रेजसि लाइफ साइकल जनजध जिसमें इदिटी में जनिेि की अजधकतम सीमा 75% जनधािररत हो फंड– एलसी 75
7589 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC.1]
(घ) बैलेंस्ट्ड लाइफ साइकल जनजध जिसमें इदिटी में जनिेि की अजधकतम सीमा 50% जनधािररत हो और इदिटी कंपोनेंट
की टेपररंग 45 िर् ि की आय ुसे िुरू हो-बीएलसी
मनोि मुट्टजत्तल अय्यप्पन, संयुक्त सजचि
रटप्पणीीः मलू अजधसूचना भारत के रािपत्र, असाधारण, भाग I, खण्ड 1 म ें 22 दिसम्बर, 2003 की अजधसूचना
सं. 5/7/2003-ईसीबी एंड पीआर के तहत प्रकाजित हुई थी और तिनतं र 31 िनिरी, 2019 की अजधसूचना
सं. 1/3/2016-पीआर तथा 24 िनिरी, 2025 की अजधसूचना सं. 1/3/2024-पीआर के तहत संिोजधत
की गई थी।
MINISTRY OF FINANCE
(Department of Financial Services)
NOTIFICATION
New Delhi, the 13th November, 2025
F. No. FX-4/2/2025-PR.—In partial modification of the Ministry of Finance’s (Department of Economic
Affairs) Notification No. 5/7/2003-ECB&PR dated 22nd December, 2003 as amended vide Ministry of Finance’s
(Department of Financial Services) Notification No. 1/3/2016-PR dated 31st January, 2019, and the Ministry of
Finance’s (Department of Financial Services) Notification No. 1/3/2024-PR dated 24th January, 2025, the Central
Government, in order to allow more investment options to Central Government employees under National Pension
System and Unified Pension Scheme, hereby makes the following amendments in the said notification, namely:–
2. Under para 1(vii)(c) of the said notification, after sub-clauses (A) and (B), the following sub-clauses shall be
inserted, namely:–
(C) Aggressive Life Cycle Fund with maximum exposure to equity capped at 75% - LC-75.
(D) Balanced Life Cycle Fund with maximum exposure to equity capped at 50%, with tapering of equity
component commencing from the age of forty-five years - BLC
MANOJ MUTTATHIL AYYAPPAN., Jt. Secy.
Note: The principal notification was published in the Gazette of India, Extraordinary, Part I, Section 1, vide Notification
No. F. No. 5/7/2003-ECB&PR dated 22nd December, 2003, and was subsequently amended vide Notifications
No. 1/3/2016-PR dated 31st January, 2019 and Notification No. 1/3/2024-PR dated 24th January, 2025.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.