Retirees now have a new way to manage their National Pension System (NPS) corpus, offering flexibility and potential for growth. The Retirement Income Scheme (RIS) allows keeping savings invested post-retirement, generating regular income through Systematic Payout Rate (SPR) or Systematic Unit Redemption (SUR) options. This approach balances market exposure with risk management, aiming for sustainable income over long retirements.

The Pension Fund Regulatory and Development Authority (PFRDA) has introduced the Retirement Income Scheme (RIS) under NPS, allowing retirees to receive systematic payouts from the…

Retirees now have a new way to manage their National Pension System (NPS) corpus, offering flexibility and potential for growth. The Retirement Income Scheme (RIS) allows keeping…