The Indian Finance Ministry has created a committee led by Finance Secretary T V Somanathan to review the pension system for government staff. The committee will undertake an analysis of existing framework and structure of the National Pension System (NPS) and suggest if there are any necessary changes. The team will take fiscal implications, impact on budget and protect citizens to maintain fiscal prudence. Members of the committee will include the secretary for the Department of Personnel and Training, the special secretary for the Department of Expenditure and the chairman of the Pension Fund Regulatory and Development Authority.
