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The Economic Survey has expressed its satisfaction on the pension reforms that were made by the new pension system (NPS).
Efforts are underway to extend the NPS to new segments (autonomous bodies, state governments and unorganised sector) and introducing micro-pension initiatives," said the survey.
"NPS has been well received by the state governments. Twenty-one state governments have notified similar schemes for their new recruits," it added.
According to the survey, the appointed pension fund managers and the Central Recordkeeping Agency (CRA) have been in talks with the states and union territories for facilitating their entry into the NPS.
Currently, the CRA has signed agreements with six state governments.
With the central government deciding to extend NPS to all citizens, the Pension Fund Regulatory and Development Authority will roll out the scheme this fiscal, the Economic Survey noted.
As part of this exercise, the regulator appointed six pension fund managers and 22 points of presence for handling NPS contributions.
