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Date: 2025-04-09 Category: Extra Ordinary State: Union Government Country: India

Publication of notification

Issued by Ministry of Finance · Department of Financial Services

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Executive Summary & Key Takeaways

What it means

  • This gazette notification announces the appointment of Shri Sivasubramanian Ramann as the Chairperson of the Pension Fund Regulatory and Development Authority (PFRDA).

Key Changes

  • Shri Sivasubramanian Ramann, formerly Deputy Comptroller and Auditor General & Chief Technology Officer, Office of Comptroller & Auditor General of India, is appointed as Chairperson of PFRDA.
  • The appointment is effective from the date of assumption of charge.
  • The tenure is for a period of five years, until he reaches the age of 65 years, or until further orders, whichever is earliest.

Impact Analysis

Pension Fund Regulatory and Development Authority (PFRDA)

  • PFRDA should align its strategies and operations with the new Chairperson's vision and priorities.

Pension Fund Industry

  • Industry players should engage with the new Chairperson and PFRDA to share their perspectives and contribute to the development of the pension sector.

Pension Subscribers

  • The new Chairperson's focus on technology and innovation could lead to improved online services and accessibility for subscribers.

Government

  • The Department of Financial Services, Ministry of Finance, will oversee the functioning of PFRDA and provide necessary guidance and support.

Key Entities Referenced

Pension Fund Regulatory and Development Authority (PFRDA): The regulatory body responsible for promoting, developing and regulating pension funds in India. Shri Sivasubramanian Ramann: The newly appointed Chairperson of PFRDA. Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013): The Act that establishes and governs the PFRDA. Central Government: The appointing authority for the Chairperson of PFRDA. Office of Comptroller & Auditor General of India: Previous employer of Shri Sivasubramanian Ramann.
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.-09042025-262389 CG-DxLx-xEG-I0D9H0x4x2x0 25-262389 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 1654] नई दिल्ली, बुधिार, अप्रलै 9, 2025/चत्रै 19, 1947 No. 1654] NEW DELHI, WEDNESDAY, APRIL 9, 2025/CHAITRA 19, 1947 जित्त मत्रं ालय (जित्तीय सिे ाएं जिभाग) अजधसचू ना नई दिल्ली, 8 अप्रलै , 2025 का.आ. 1685(अ).— पेंिन जनजध जिजनयामक और जिकास प्राजधकरण अजधजनयम, 2013 (2013 का 23) की धारा 4 द्वारा प्रित्त िजियों का प्रयोग करते हुए, केन्‍द रीय सरकार, एतिद्वारा, श्री जििसुब्रमाजणयन रमण, उप जनयंत्रक एि ं महालेखापरीक्षक तथा मुख्य प्रौद्योजगकी अजधकारी, भारत के जनयंत्रक एिं महालेखापरीक्षक का कायाालय, को कायाभार ग्रहण करने की तारीख से पांच िर् ा के कायाकाल के जलए अथिा 65 िर्ा की आयु प्राप्त करने तक अथिा अगले आिेिों तक, िो भी पहले हो, पिें न जनजध जिजनयामक और जिकास प्राजधकरण (पीएफआरडीए) म ेंअध्यक्ष के पि पर जनयिु करती ह।ै [फा. सं. 19/1/2019–पीआर] पंकि िमाा, संयक्ु त सजचि 2460 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 8th April, 2025 S.O. 1685(E).— In exercise of powers conferred by Section 4 of the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013), the Central Government hereby appoints Shri Sivasubramanian Ramann, Deputy Comptroller and Auditor General & Chief Technology Officer, Office of Comptroller & Auditor General of India, to the post of Chairperson, Pension Fund Regulatory and Development Authority (PFRDA), for a tenure of five years with effect from the date of assumption of charge of the post or till he attains the age of 65 years, or until further orders, whichever is the earliest. [F. No. 19/1/2019-PR] PANKAJ SHARMA, Jt. Secy. 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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