PFRDA expects pension money transfer to MFs by April 1
NEW DELHI: Paving the way for investing a part of Rs 4,500-crore retirement money of government staff in capital markets, interim pension regulator PFRDA expects the Centre and 19 states to transfer the money under New Pension Scheme to three fund managers by April 1, 2008. “We are hopeful the NPS contributions of the employees of the central government and 19 state governments would be transferred to the fund managers by the respective governments by the beginning of next financial year,” PFRDA chairman D Swarup said here.