• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi , Jan. 1

THE interim Pension Fund Regulatory and Development Authority (PFRDA) has started functioning from Thursday, and held its first meeting under the chairmanship of Mr Vinod Rai.

Other members of the Authority, Mr U.K. Sinha and Mr M. Prasad, attended the meeting.

The Authority took note of the fact that the new pension system had become operational from Thursday for new recruits to the Central Government service.

It was decided that until the full system is operational, all contributions under the new pension scheme, which is applicable to new recruits to the Central Government service, shall be credited into the public accounts and an appropriate rate of return shall be given on these balances in consultation with the Government.

More Stories on : Pension Plans

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Shriram Transport Fin pref allotment

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line