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Core Purpose

The Pension Fund Regulatory and Development Authority reconstitutes the Pension Advisory Committee with effect from January 30, 2026.

Detailed Summary

The Pension Fund Regulatory and Development Authority (PFRDA), exercising powers under sub-section (1) of section 45 of the Pension Fund Regulatory and Development Authority Act, 2013 (Act 23 of 2013), and in terms of sub regulation 4 of regulation 6 of the Pension Fund Regulatory and Development Authority (Pension Advisory Committee Meetings) Regulations, 2015, has reconstituted the Pension Advisory Committee. This reconstitution, effective from January 30, 2026, supersedes the committee previously constituted vide Gazette Notification dated 5th January, 2026. The reconstituted committee includes 18 specific members/representatives: Deputy Secretary (Establishment II), Department of Personnel & Training; Deputy Controller General of Accounts (Technical Advice), Department of Expenditure, Ministry of Finance; Director (A/Cs), Department of Posts, New Delhi; Director (Fin/Budget), Defence Finance, as representative of Ministry of Defence; Director, Budget, Department of Finance, Bhopal, Government of Madhya Pradesh; Chief Executive-Indian Banks' Association; Chairman, NPS Trust; Managing Director & Chief Executive Officer, SBI Pension Funds Private Limited; Managing Director & Chief Executive Officer, Axis Pension Fund Management Limited; Managing Director & Chief Executive Officer, Protean eGov Technologies Limited (formerly NSDL e-Governance Infrastructure Ltd.); Director, National Institute of Bank Management, Pune; President, Institute of Actuaries of India; Chief Executive Officer, Fixed Income Money Market and Derivatives Association of India; Chairman – CII-National Committee on Insurance & Pensions; Dr. M.S. Sahoo, former Chairperson, IBBI (w.e.f. 08.01.2026); Shri Dhirendra Kumar, Founder & CEO, Value Research (w.e.f. 08.01.2026); Ms Chitra Jayasimha, Expert in Actuarial Science and Ex-Chairman, NPS Trust (w.e.f. 08.01.2026); and Shri Narinder Pal Singh, Controller of Accounts (Home), O/o Pr. Chief Controller of Accounts, Pr.AO (Admn.), Ministry of Home Affairs, New Delhi. Additionally, the Chairperson and the Members of the Authority serve as ex officio Chairperson and ex officio members of the Pension Advisory Committee. The notification was issued by SIVASUBRAMANIAN RAMANN, Chairperson, PFRDA, on January 30, 2026.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-02022026-269770 EXTRAORDINARY PART III-Section 4 PUBLISHED BY AUTHORITY No. 71] NEW DELHI, FRIDAY, JANUARY 30, 2026/MAGHA 10, 1947 PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY NOTIFICATION New Delhi, the 30th January, 2026 F. No. PFRDA-01/13/13/0004/2025-PAC.β€”In exercise of the powers conferred by sub-section (1) of section 45 of the Pension Fund Regulatory and Development Authority Act, 2013 (Act 23 of 2013), and in terms of the sub regulation 4 of the regulation 6 of Pension Fund Regulatory and Development Authority (Pension Advisory Committee Meetings) Regulations, 2015, the Authority hereby reconstitutes the Pension Advisory Committee constituted earlier vide Gazette Notification dated 5th January, 2026, with effect from the date of this notification. The reconstituted Pension Advisory Committee is as under: 1. Deputy Secretary (Establishment II), Department of Personnel & Training 2. Deputy Controller General of Accounts (Technical Advice), Department of Expenditure, Ministry of Finance 3. Director (A/Cs), Department of Posts, New Delhi 4. Director (Fin/Budget), Defence Finance, as representative of Ministry of Defence 5. Director, Budget, Department of Finance, Bhopal, Government of Madhya Pradesh 6. Chief Executive-Indian Banks' Association 7. Chairman, NPS Trust 8. Managing Director & Chief Executive Officer, SBI Pension Funds Private Limited 9. Managing Director & Chief Executive Officer, Axis Pension Fund Management Limited 10. Managing Director & Chief Executive Officer, Protean eGov Technologies Limited. (formerly NSDL e-Governance Infrastructure Ltd.) 11. Director, National Institute of Bank Management, Pune 12. President, Institute of Actuaries of India 13. Chief Executive Officer, Fixed Income Money Market and Derivatives Association of India 14. Chairman – CII-National Committee on Insurance & Pensions 15. Dr. M.S. Sahoo, former Chairperson, IBBI (w.e.f. 08.01.2026) 16. Shri Dhirendra Kumar, Founder & CEO, Value Research (w.e.f. 08.01.2026) 17. Ms Chitra Jayasimha, Expert in Actuarial Science and Ex-Chairman, NPS Trust (w.e.f. 08.01.2026) 18. Shri Narinder Pal Singh, Controller of Accounts (Home), O/o Pr. Chief Controller of Accounts, Pr.AO (Admn.), Ministry of Home Affairs, New Delhi The Chairperson and the Members of the Authority shall be the ex officio Chairperson and ex officio members of the Pension Advisory Committee. SIVASUBRAMANIAN RAMANN, Chairperson [ADVT.-III/4/Exty./646/2025-26] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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