(a) Whether the pension regulator,Pension Fund regulatory and Development Authority (PFRDA)
has been asked to release guidelines to the companies for the management of pension funds at
the earliest; and
(b) if so, the details thereof and response of PFRDA thereto?
Minister of State in the Ministry of Finance (Shri Namo Narain Meena)
(a)&(b):- Yes, Sir. The management of pension funds of Government employees,who are covered
under the New Pension System (NPS) on mandatory basis, is being done by Interim Pension Fund
Regulatory and Development Authority (PFRDA) regulated `Pension Fund Managers` in accordance
with investment guidelines issued for Non-Government Provident Funds. Superannuation Funds
and Gratuity Funds, as amended from time to time. The investment guidelines, inter-alia,
provide the flexible investment pattern to be followed by the companies as under:
Investment Pattern Percentage
(i) Government Secruities and other Upto 55% securities guaranteed by Central/State Governments and mutual funds investing in government securities. Provided that the exposure to a mutual fund shall not be more than 5% of the total portfolio at any point of time.
(ii) Specific Debt Securities,Term Deposit Upto 40% Receipts, Rupee Bonds as prescribed,
(iii) Money market instruments including units Upto 5% of money market mutual funds.
(iv) Shares of companies meeting standards Upto 15% prescribed.