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Vikash Sharma

News Highlights

  • The Pension Fund Regulatory and Development Authority (PFRDA/ Authority) is a statutory regulatory body in the financial sector established under PFRDA Act (23 of 2013) passed by the Parliament of India

The Pension Fund Regulatory and Development Authority (PFRDA) has invited applications for recruiting 14 Officers- grade ‘A’ (Assistant Manager) for the General, Actuarial, Finance & Accounts, Information Technology, Official Language (Rajbhasha), Research (Economics) and Research (Statistics) Streams.

The Pension Fund Regulatory and Development Authority (PFRDA/ Authority) is a statutory regulatory body in the financial sector established under PFRDA Act (23 of 2013) passed by the Parliament of India with the mandate to promote, develop and regulate the Pension Sector in India.

The application forms are available online on the official website of PFRDA and the deadline for submission of application forms is September 16, 2021.

Service Conditions/ Pay and Allowances:

1. Probation: The successful candidates recruited for the post of Officer Grade ‘A’ (Assistant Manager) shall undergo probation of one year. The candidates shall be confirmed in the services of PFRDA subject to their satisfactory performance during the probation period.

2. Pay: The pay scale of Officers in Grade ‘A’ is Rs. 28150-1550(4)-34350-1750(7)-46600- EB1750(4)-53600- 2000(1)-55600 (17 years).

Presently, the gross emolument includes PFRDA’s contribution towards National Pension System (NPS), Grade Allowance, Special Allowance, Dearness Allowance, Local Compensatory Allowance and Housing Allowance.

3. Benefits: Other benefits include viz., Leave Fare Concession, Medical Expenses (Hospitalisation and Non-Hospitalisation), Personal Accident Insurance, Eye Refraction/ Cost of Spectacles, Education Allowance, Financial Dailies, Book Grant, Briefcase, Conveyance Expenses, House Cleaning Allowance, Staff Furnishing Scheme, Scheme for Purchasing Computers and all other benefits as are admissible to an Officer Grade ‘A’ in PFRDA.

Total CTC consisting of Pay and Benefits for the post of Officer Grade ‘A’ at the beginning of scale of pay would be approx. Rs. 18.00 Lakh per annum.

Qualification Pay: In addition to pay and benefits, a candidate appointed as Officer Grade ‘A’ would also be eligible for qualification pay as under:

Actuarial

Completion level: Fellow of the Institute of Actuaries of India (IAI) Pass or exemption in all Seven (07) ‘Core Principles’ subjects of the Institute of Actuaries of India (IAI) Examination.

Qualification Allowance per month: Rs 80,000

Finance & Accounts

Completion level: ACA / ACMA (erstwhile AICWA) / ACS/ CFA

Qualification Allowance per month: Rs. 3,500

Information Technology

Completion level: Masters Degree

Qualification Allowance per month: Rs. 3,500

Economics / Statistics / Law / Finance

Completion level: Doctorate of Philosophy (Ph.D.)

Qualification Allowance per month: Rs. 3,500

Important Dates:

Online Application and Payment of fee : 13/08/2021 - 16/09/2021

Phase – I, Phase II Online Examination: Will be intimated on the website of PFRDA

Phase – III Interview: Will be intimated to candidates successful in Phase II by E-mail/SMS

For more details, visit the official website of PFRDA. Click here for the notification

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