Finance ministry invites application for post of PFRDA chairperson

The government has started the search for a successor to Pension Fund Regulatory and Development Authority (PFRDA) chairman Supratim Bandyopadhyay whose term is ending in January next year.

PFRDA chairperson holds office for five years or till the age of 65 years.

The chairperson is entitled to a consolidated salary of Rs 4.50 lakh per month without facility of house and car, the finance ministry said while inviting application for the post.

Besides senior government officials, private sector employees who have worked at the level of CEO, CFO, COO or equivalent are also eligible to apply for post. The position is also open for persons from academic background.

The appointment would be made by the central government on the recommendation of the Financial Sector Regulatory Appointments Search Committee (FSRASC).

The FSRASC is also free to identify and recommend any other person, on the basis of merit, who has not applied for the post.

The last date for applying for the post is September 5.

PFRDA regulates the National Pension System subscribed by the government as well as private employees from organised and unorganised sectors.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor