**Executive Summary**
This document from The Gazette of India, dated January 30, 2026, announces the reconstitution of the Pension Advisory Committee by the Pension Fund Regulatory and Development Authority (PFRDA), effective from the date of the notification. This is in accordance with Section 45 of the PFRDA Act, 2013 and Regulation 6 of the PFRDA (Pension Advisory Committee Meetings) Regulations, 2015. The committee was previously constituted via a notification dated January 5, 2026.
**Key Points / Main Content**
* **Reconstitution of Pension Advisory Committee:**
* The PFRDA has reconstituted the Pension Advisory Committee.
* This reconstitution is effective from January 30, 2026.
* This supersedes the previously formed committee via notification on January 5, 2026.
* **Committee Members:**
* The document lists 18 members of the newly reconstituted committee. These members include representatives from various government departments, financial institutions, and industry associations.
* Specific representatives and their roles are listed, including:
* Deputy Secretary from the Department of Personnel & Training.
* Deputy Controller General of Accounts from the Ministry of Finance.
* Directors from various departments like Posts, Defence Finance, and Finance (Madhya Pradesh).
* Chief Executives from Indian Banks’ Association and pension fund companies.
* Chairpersons and Founders from various financial and research organizations.
* Experts in actuarial science and ex-chairpersons
* **Ex Officio Members:**
* The Chairperson and Members of the Authority (PFRDA) will be the ex officio Chairperson and ex officio members of the Pension Advisory Committee.
**Impact Analysis**
**Pension Fund Regulatory and Development Authority (PFRDA)**
* **Impact:** The PFRDA is responsible for overseeing the newly constituted Pension Advisory Committee.
* **Action Required:** Ensure the committee functions as outlined in the PFRDA Act and Regulations.
**Members of the Pension Advisory Committee**
* **Impact:** Members are now part of the reconstituted Pension Advisory Committee.
* **Action Required:** Participate in the committee activities and provide expert advice as required.
**Government Departments and Financial Institutions Represented on the Committee**
* **Impact:** Their representatives are now part of the reconstituted Pension Advisory Committee.
* **Action Required:** Support the representatives in their committee roles and implement any changes or recommendations arising from the committee's advice.
**Pension Holders**
* **Impact:** The reconstitution of the Pension Advisory Committee may have an indirect impact on pension holders.
* **Action Required:** No direct action needed.
Key Entities Referenced
Pension Fund Regulatory and Development Authority Act, 2013: The primary legislation empowering the PFRDA to regulate the pension sector.
Pension Fund Regulatory and Development Authority: The regulatory body responsible for overseeing and developing the pension sector in India. It is the issuer of this notification.
Pension Advisory Committee: A committee within the PFRDA framework, reconstituted by this notification, to provide advice on pension-related matters.
Pension Fund Regulatory and Development Authority (Pension Advisory Committee Meetings) Regulations, 2015: Regulations governing the meetings and functioning of the Pension Advisory Committee.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-02022026-269770
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CG-DL-E-02022026-269770
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असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 71] नई दिल्ली, िुक्रिार, िनिरी 30, 2026/माघ 10, 1947
No. 71] NEW DELHI, FRIDAY, JANUARY 30, 2026/MAGHA 10, 1947
पिें न जनजध जिजनयामक और जिकास प्राजधकरण
अजधसचू ना
नई दिल्ली, 30 िनिरी, 2026
फा. स.ं पीएफआरडीए-01/13/13/0004/2025-पीएसी.—पेंिन जनजध जिजनयामक और जिकास प्राजधकरण
अजधजनयम, 2013 (2013 का 23) की धारा 45 की उप-धारा (1) के द्वारा प्रित्त िजियों का प्रयोग करते हुए, और पेंिन
जनजध जिजनयामक और जिकास प्राजधकरण (पेंिन सलाहकार सजमजत की बैठकें) जिजनयम, 2015 के जिजनयम 6 के
उप-जिजनयम 4 के जनबंधनों के अनुरूप प्राजधकरण, एततद्वारा, पूिव में रािपत्र अजधसूचना दिनांक 5 िनिरी 2026 के
माध्यम स े गठठत पिें न सलाहकार सजमजत को, इस अजधसूचना के लागू होने की जतजि से पनु गवठठत करता ह।ै पुनगवठठत पिें न
सलाहकार सजमजत जनम् नजलजखत ह ै:
1. उप सजचि (स्ट्िापना II), कार्मवक और प्रजिक्षण जिभाग
2. उप लेखा महाजनयंत्रक (तकनीकी सलाह), व्यय जिभाग, जित्त मंत्रालय
3. जनििे क (लेखा), डाक जिभाग, नई दिल्ली
4. जनििे क (जित्त/बिट), रक्षा जित्त, रक्षा मंत्रालय के प्रजतजनजध के रूप म ें
5. जनििे क, बिट, जित्त जिभाग, भोपाल, मध्य प्रििे सरकार
641 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
6. मुख्य कायवकारी-इंजडयन बैंक्स एसोजसएिन
7. अध्यक्ष, एनपीएस न्यास
8. प्रबंध जनिेिक एिं मुख्य कायवकारी अजधकारी, एस बी आई पेंिन फंड्स प्राइिेट जलजमटेड
9. प्रबंध जनिेिक एिं मुख्य कायवकारी अजधकारी, एजक्सस पेंिन फंड मैनेिमेंट जलजमटेड
10.प्रबंध जनिेिक एि ंमुख्य कायवकारी अजधकारी, प्रोठटयन ईगॉि टेक्नोलॉिीज़ जलजमटेड
(पूि वमें एनएसडीएल ई-गिनसें इंफ्रास्ट्रक्चर जलजमटेड)
11. जनििे क, नेिनल इंस्ट्टीट्यूट ऑफ़ बैंक मैनेिमेंट, पणु े
12. अध्यक्ष, इंस्ट्टीट्यूट ऑफ एक्चुअरीज़ ऑफ इंजडया
13. मुख्य कायवकारी अजधकारी, दफक्स्ट्ड इनकम मनी माकेट एडं डेठरिेठटव्स एसोजसएिन ऑफ इंजडया
14. अध्यक्ष – सीआईआई – निे नल कजमटी ऑन इन््योरेंस एडं पिें न्स
15. डॉ. एम.एस. साहू, पूि वअध्यक्ष, आईबीबीआई (दिनांक 08.01.2026 स े प्रभािी)
16. श्री धीरेंद्र कुमार, संस्ट्िापक और सीईओ, िल्ै यू ठरसच व (दिनांक 08.01.2026 स े प्रभािी)
17. सुश्री जचत्रा ियजसम्हा, एक्चुअठरयल साइंस जििेषज्ञ और पूिव अध्यक्ष, एनपीएस न्यास (दिनांक 08.01.2026 स े
प्रभािी)
18. श्री नररंिर पाल ससंह, लेखा जनयंत्रक (गृह), प्रधान मख्ु य लखे ा जनयंत्रक कायावलय, पीआरएओ (प्रिासन), गृह मंत्रालय,
नई दिल्ली
प्राजधकरण के अध्यक्ष और सिस्ट्य पेंिन सलाहकार सजमजत के पिेन अध्यक्ष और पिेन सिस्ट्य होंगे।
जििसुब्रमाजणयन रमण, अध्यक्ष
[जिज्ञापन-III/4/असा./646/2025-26]
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
NOTIFICATION
New Delhi, the 30th January, 2026
F. No. PFRDA-01/13/13/0004/2025-PAC.—In exercise of the powers conferred by sub-section (1) of section
45 of the Pension Fund Regulatory and Development Authority Act, 2013 (Act 23 of 2013), and in terms of the
sub regulation 4 of the regulation 6 of Pension Fund Regulatory and Development Authority (Pension Advisory
Committee Meetings) Regulations, 2015, the Authority hereby reconstitutes the Pension Advisory Committee
constituted earlier vide Gazette Notification dated 5th January, 2026, with effect from the date of this notification. The
reconstituted Pension Advisory Committee is as under:
1. Deputy Secretary (Establishment II), Department of Personnel & Training
2. Deputy Controller General of Accounts (Technical Advice), Department of Expenditure, Ministry of Finance
3. Director (A/Cs), Department of Posts, New Delhi
4. Director (Fin/Budget), Defence Finance, as representative of Ministry of Defence
5. Director, Budget, Department of Finance, Bhopal, Government of Madhya Pradesh
6. Chief Executive-Indian Banks’ Association
7. Chairman, NPS Trust
8. Managing Director & Chief Executive Officer, SBI Pension Funds Private Limited
9. Managing Director & Chief Executive Officer, Axis Pension Fund Management Limited[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3
10. Managing Director & Chief Executive Officer, Protean eGov Technologies Limited. (formerly NSDL
e-Governance Infrastructure Ltd.)
11. Director, National Institute of Bank Management, Pune
12. President, Institute of Actuaries of India
13. Chief Executive Officer, Fixed Income Money Market and Derivatives Association of India
14. Chairman – CII-National Committee on Insurance & Pensions
15. Dr. M.S. Sahoo, former Chairperson, IBBI (w.e.f. 08.01.2026)
16. Shri Dhirendra Kumar, Founder & CEO, Value Research (w.e.f. 08.01.2026)
17. Ms Chitra Jayasimha, Expert in Actuarial Science and Ex-Chairman, NPS Trust (w.e.f. 08.01.2026)
18. Shri Narinder Pal Singh, Controller of Accounts (Home), O/o Pr. Chief Controller of Accounts, Pr.AO
(Admn.), Ministry of Home Affairs, New Delhi
The Chairperson and the Members of the Authority shall be the ex officio Chairperson and ex officio members of the
Pension Advisory Committee.
SIVASUBRAMANIAN RAMANN, Chairperson
[ADVT.-III/4/Exty./646/2025-26]
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and Published by the Controller of Publications, Delhi-110054.