Entry age limit of National Pension Scheme increased to 65 years from the current 60
The Pension Fund Regulatory and Development Authority (PFRDA) has announced that the upper age limit for joining the National Pension Scheme (NPS) had been increased to 65 years, from the current 60 years.
Right now, NPS is open for people between 18 and 60 years, the board has approved increasing the age limit to 65 years to apply for the pension fund account.
The scheme also has the option of continuing and making contributions up to the age of 70 years.
The idea is to open up pensions to the unorganised or informal sectors that are without pensions and help senior citizens live a financially stable life.