Pension Fund Regulatory and Development Authority issued a notification on 30 January 2026 reconstituting its Pension Advisory Committee under section 45 of the PFRDA Act, 2013 and the Pension Advisory Committee Meetings Regulations, 2015, with immediate effect. The reconstitution replaces the committee notified earlier on 5 January 2026 and brings together senior representatives from key central ministries, state finance departments, defence and postal accounts, banking and pension fund management entities, technology service providers, actuarial and financial market institutions, and industry bodies. The revised composition also includes subject-matter experts and former senior regulators to strengthen policy inputs. The Chairperson and Members of the Authority will continue as ex officio Chairperson and members of the Committee. The move is aimed at broad-basing expertise and ensuring coordinated advice on pension policy, administration, and market development, reinforcing consultative governance in the National Pension System and related pension frameworks.
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
NOTIFICATION
New Delhi, the 30th January, 2026
F. No. PFRDA-01/13/13/0004/2025-PAC.—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. 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]
