Pension Fund and Regulatory Development Authority (PFRDA):
- Function: PFRDA is the pension regulator of India. It regulates and administers the National Pension System (NPS) along with administering the Atal Pension Yojana (APY).
- Established in:
- Status: A statutory autonomous body under the PFRDA Act, 2013.
- Administration: PFRDA consists of a Chairperson and not more than 5 members, of whom at least 3 shall be whole-time members, to be appointed by the Central Government.
Standing committee:
- Mandate: Standing committee on ‘Information Systems & Technology and Cyber Security’ will:
- Suggest steps to deal with cybersecurity challenges and
- Advise PFRDA wrt development of Management Information Systems (MIS) for efficient discharge of its responsibilities
- The standing committee has to meet once in six months (at minimum), for advising on matters referred to it.
