The Pension Fund Regulatory and Development Authority (PFRDA) has issued a notification dated January 5, 2026, reconstituting the Pension Advisory Committee under Section 45(1) of the PFRDA Act, 2013, read with Regulation 6(4) of the Pension Advisory Committee Meetings Regulations, 2015. The reconstitution supersedes the earlier committee notified on May 19, 2022, and takes effect from the date of the notification. The newly constituted committee comprises senior representatives from key central and state government departments, public institutions, pension fund managers, industry bodies, and subject-matter experts, including officials from the Department of Personnel & Training, Ministry of Finance, Department of Posts, Defence Finance, state finance departments, Indian Banks’ Association, NPS Trust, leading pension fund management companies, actuarial and financial market institutions, and independent experts. The Chairperson and Members of the Authority will serve as ex officio Chairperson and members of the Committee, ensuring regulatory oversight and expert advisory support on pension-related matters.
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
NOTIFICATION
New Delhi, the 5th 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 19th May, 2022, 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
16. Shri Dhirendra Kumar, Founder & CEO, Value Research
17. Ms Chitra Jayasimha, Expert in Actuarial Science and Ex-Chairman, NPS Trust
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./590/2025-26]
