Home India Pension Fund Regulatory and Development Authority In exercise of the powers conferred by sub section 1 of Sect...
Date: 27-Mar-2023 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by sub section 1 of Section 52 read with clause d of sub section

Issued by Pension Fund Regulatory and Development Authority · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The gazette notification pertains to the Pension Fund Regulatory and Development Authority (PFRDA) (Redressal of Subscriber Grievance) (Amendment) Regulations, 2023.
  • It amends the PFRDA (Redressal of Subscriber Grievance) Regulations, 2015.
  • The amendment changes the age limit mentioned in sub-regulation (1) of Regulation 15.

Key Changes

  • The age limit of 'sixty-five years' in the proviso to sub-regulation (1) of Regulation 15 of the PFRDA (Redressal of Subscriber Grievance) Regulations, 2015 has been replaced with 'seventy years'.
  • The amendment came into effect on the date of its publication in the official gazette, March 27, 2023.

Impact Analysis

Subscribers

  • This change potentially expands the scope of grievance redressal for older subscribers.

PFRDA

  • PFRDA may experience an increase in the number of grievances filed by subscribers in the 65-70 age group.

Action Items

  • Monitor the impact of the change on the number of grievances received and resolved.

Key Entities Referenced

Pension Fund Regulatory and Development Authority (PFRDA): The regulatory body responsible for promoting and regulating pension schemes in India. Pension Fund Regulatory and Development Authority Act, 2013 (Act No. 23 of 2013): The Act that establishes the PFRDA and provides it with the powers to regulate the pension sector. Pension Fund Regulatory and Development Authority (Redressal of Subscriber Grievance) Regulations, 2015: The regulations that govern the process for addressing grievances of subscribers to pension schemes.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-27032023-244708 xxxGIDHxxx CG-DL-E-27032023-244708 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 199] नई दिल्ली, सोमिार, माच च27, 2023/चत्रै 6, 1945 No. 199] NEW DELHI, MONDAY, MARCH 27, 2023/CHAITRA 6, 1945 पिें न जनजध जिजनयामक और जिकास प्राजधकरण अजधसचू ना नई दिल्ली, 27 माचच, 2023 पिें न जनजध जिजनयामक और जिकास प्राजधकरण (अजभिाता की जिकायत का जनिारण) (सिं ोधन) जिजनयम, 2023 फा. स.ं पीएफआरडीए/12/आरिीएल/139/1.—पेंिन जनजध जिजनयामक और जिकास प्राजधकरण अजधजनयम, 2013 (2013 के अजधजनयम संख्या 23) की धारा 14 की उपधारा (2) के खंड (च) और धारा 52 की उपधारा (2) के खंड (घ) के साथ पठित धारा 52 की उप-धारा (1) द्वारा प्रित्त िजियों का प्रयोग करत े हुए पेंिन जनजध जिजनयामक और जिकास प्राजधकरण एतद्द्वारा पेंिन जनजध जिजनयामक और जिकास प्राजधकरण (अजभिाता की जिकायत का जनिारण) जिजनयम, 2015 म ें संिोधन करने के जलए नामतः जनम्नजलजखत जिजनयम बनाता ह,ै 1. इन जिजनयमों को पेंिन जनजध जिजनयामक और जिकास प्राजधकरण (अजभिाता की जिकायत का जनिारण) (संिोधन) जिजनयम, 2023 कहा िाएगा। 2. य ेिासकीय रािपत्र म ेंप्रकािन की जतजथ स ेप्रभािी होंगे। 3. पेंिन जनजध जिजनयामक और जिकास प्राजधकरण (अजभिाता की जिकायत का जनिारण) जिजनयम, 2015 म ें:- जिजनयम 15 के उप-जिजनयम (1) के परंतुक म,ें “पैंसि िर्च" िब्िों को "सत्तर िर्”च से प्रजतस्ट्थाजपत दकया िाएगा। डॉ. िीपक महान्ती, अध्यक्ष [जिज्ञापन-III/4/असा./725/2022-23] 2018 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY NOTIFICATION New Delhi, the 27th March, 2023 PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY (REDRESSAL OF SUBSCRIBER GRIEVANCE) (AMENDMENT) REGULATIONS, 2023 F. No. PFRDA/12/RGL/139/1.—In exercise of the powers conferred by sub-section (1) of Section 52 read with clause (d) of sub-section (2) thereof and clause (f) of sub-section (2) of Section 14 of the Pension Fund Regulatory and Development Authority Act, 2013 (Act No.23 of 2013), the Pension Fund Regulatory and Development Authority hereby makes the following regulations to amend the Pension Fund Regulatory and Development Authority (Redressal of Subscriber Grievance) Regulations, 2015 namely, - 1. These regulations may be called the Pension Fund Regulatory and Development Authority (Redressal of Subscriber Grievance) (Amendment) Regulations, 2023. 2. These shall come into force on the date of their publication in the official gazette. 3. In the Pension Fund Regulatory and Development Authority (Redressal of Subscriber Grievance) Regulations, 2015: - In proviso to sub-regulation (1) of Regulation 15, the words “sixty-five years” shall be substituted with “seventy years.” Dr. DEEPAK MOHANTY, Chairperson [ADVT.-III/4/Exty./725/2022-23] 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.

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