PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
NOTIFICATION
New Delhi, the 13 April, 2022
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
(EMPLOYEES’ SERVICE) (AMENDMENT) REGULATIONS, 2022
No. PFRDA/12/RGL/139/11.– In exercise of the powers conferred by sub – section (2) of section 11 read with sub – clause (b) of sub – section (2) of section 52 of the Pension Fund Regulatory and Development Authority Act, 2013 (Act no. 23 of 2013), the Pension Fund Regulatory and Development Authority hereby makes the following regulations to amend the Pension Fund Regulatory and Development Authority (Employees’ Service) Regulations, 2015, namely: –
1. These regulations maybe called the Pension Fund Regulatory and Development Authority (Employees’ Service) (Amendment) Regulations, 2022.
2. These regulations shall come into force on the date of their publication in the Official Gazette.
3. In the Pension Fund Regulatory and Development Authority (Employees’ Service) Regulations, 2015: –
I. In the schedule under clause (b) of sub-regulation 4 of Regulation 6, column 2 of row 2 [under heading Mode of Recruitment & proportion of posts to be filled up through different modes], shall be substituted as follows:
“(a) Promotion;
(b) Deputation from Govt., Regulatory Bodies, RBI, Banks, Financial Institutions & Academic institutions;
(c) Direct Recruitment;
(d) On contract basis.
2/3rd of the total posts to be filled from internal candidates and 1/3rd posts to be filled by deputation/direct
recruitment/ contract.
In case of non-availability in any category i.e. internal and deputation/direct recruitment/ contract, the post may be filled from other categories.”
II. In the schedule under clause (b) of sub-regulation 4 of Regulation 6, in column 3, row 3 [under heading Age, Qualification & Experience for Direct recruits] for Grade D, E & F: –
(i) under Qualification, after the words “Finance & Accounts Stream”, the following shall be added, namely: –
“Graduation from a recognized university and Fellow of the Institute of Actuaries of India (IAI) for officers in the Actuarial Stream.”
(ii) under Experience, after the words “considered useful to the Authority”, the following shall be added, namely: –
“and out of the minimum 11/ 14/ 17 years of post-qualification experience in officer cadre, five years as Fellow of the Institute of Actuaries of India (IAI) for officers in the Actuarial Stream.”
SUPRATIM BANDYOPADHYAY, Chairperson
[ADVT.-III/4/Exty./28/2022-23]
Footnote :
1. The Principal Regulations, The Pension Fund Regulatory and Development Authority (Employees’ Service) Regulations, 2015 were published in the Gazette of India on 14th May, 2015 vide Notification No. PFRDA/12/RGL/139/11.
2. The Pension Fund Regulatory and Development Authority (Employees’ Service) (First Amendment) Regulations, 2018 were published in the Gazette of India on 31st October, 2018 vide Notification No. PFRDA/12/RGL/139/11.
3. The Pension Fund Regulatory and Development Authority (Employees’ Service) (Amendment) Regulations, 2020 were published in the Gazette of India on 28th April, 2020 vide Notification No. PFRDA/ 12/RGL/139/11.
4. The Pension Fund Regulatory and Development Authority (Employees’ Service) (Amendment) Regulations, 2021 were published in the Gazette of India on 24th March 2021 vide Notification No. PFRDA/12/RGL/139/11.
5. The Pension Fund Regulatory and Development Authority (Employees’ Service) (Second Amendment) Regulations, 2021 were published in the Gazette of India on 1st July 2021 vide Notification No. PFRDA/12/RGL/139/11.
