New Delhi: The Appointments Committee of the Cabinet (ACC) has approved the appointment of Supratim Bandyopadhyay as Chairperson of Pension Fund Regulatory and Development Authority (PFRDA) on Tuesday. According to an order from the Department of Personnel & Training (DoPT), Bandyopadhyay has been appointed as Chairperson of PFRDA for a period of five years with effect from the date of assumption of charge of the post or till attaining the age of 65 years or until further orders, whichever is earlier. Prior to this, he was serving as Member (Finance) in the same organisation.
The Appointments Committee of the Cabinet has approved the appointment of Shri Supratim Bandyopadhyay as Chairperson of the PFRDA for a period of five years with effect from the date of assumption of charge of the post
The Pension Fund Regulatory and Development Authority (PFRDA), a statutory body, is the pension regulator of India which was established by the government on August 23, 2003, and was authorised by the Ministry of Finance, Department of Financial Services. Upon introduction of the PFRDA Bill by the government in the Parliament and the subsequent passage of the PFRDA Act in 2013, the Authority became a Central Autonomous Body. PFRDA is a government regulatory body having executive, legislative and judicial powers. PFRDA promotes old age income security by establishing, developing and regulating pension funds and protects the interests of subscribers to schemes of pension funds and related matters.