Govt Appoints Parshant Kumar Goyal as Part-Time Member of PFRDA [Read Notification]

The appointment has been made by exercising powers under Section 4 of the Pension Fund Regulatory and Development Authority Act, 2013. Shri Goyal, who currently serves as a Joint Secretary in the Department of Financial Services, will take up the new responsibility with immediate effect. According to the notification, he will continue in this role until the end of his present tenure or until further orders, whichever comes earlier.

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Role and Importance

The PFRDA is the statutory body responsible for regulating and developing the pension sector in India. It plays an important role in managing and supervising the National Pension System (NPS) and other pension schemes, aiming to provide income security to citizens in their retirement years.

As a Part-Time Member, Shri Goyal will participate in high-level policy discussions, contribute to the regulatory framework, and help guide the authority in meeting its long-term goals. Part-time members often bring their institutional knowledge and administrative experience to the board, complementing the work of full-time executives and experts.

About Shri Parshant Kumar Goyal

Shri Goyal is an experienced officer in the Indian Administrative Service and is currently engaged in various key policy and administrative matters within the financial services sector. His appointment is seen as a move to strengthen the leadership at PFRDA with insights from the government’s core financial policymaking unit.

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