Question : The Pension Fund Regulatory and Development Authority (PFRDA) amended the 2015 PFRDA Regulation to increase the age limit for the Ombudsman from 65 to_____ years.
Option 1: 77
Option 2: 80
Option 3: 70
Option 4: 90
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Correct Answer: 70
Solution : The correct answer is 70 .
The Pension Fund Regulatory and Development Authority (PFRDA) amended the 2015 PFRDA Regulation to increase the age limit for the Ombudsman from 65 to 70 years . The amendment was made through the Pension Fund Regulatory and Development Authority (Redressal of Subscriber Grievance) (Amendment) Regulations, 2023, which came into force on March 27, 2023. The amendment ensures that the Ombudsman has the experience and expertise to deal with the increasing number of grievances from subscribers.
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