India's PFRDA introduces a new Retirement Income Scheme (RIS) for NPS subscribers, allowing them to keep savings invested post-retirement. Options like SPR and SUR offer flexible, market-linked income, balancing growth potential with risk management for longer retirements.
PFRDA launches Retirement Income Scheme (RIS) under NPS for systematic payouts from 80% of corpus until age 85, aiming for income stability and corpus longevity. RIS offers phased withdrawals with age-linked asset allocation, but payouts remain market-linked and tax treatment is unclear.
PFRDA introduces new Retirement Income Schemes (RIS) and drawdown options for NPS subscribers, aiming to provide predictable cashflow and extend retirement fund longevity. These changes allow periodic payouts from the lump sum corpus while maintaining mandatory annuity requirements.
