Atal Pension Yojana - PFRDA Invites EOI for Actuarial Valuation
Published: Jul 18, 2018
By TIOLCORPLAWS News Service
NEW DELHI , JULY 18, 2018: In a bid to estimate the likely shortfall or otherwise on account of the minimum guaranteed pension and suitable provisioning for gap funding under Atal Pension Yojana (APY), the Pension Fund Regulatory and Development Authority (PFRDA) has invited Expression of Interest (EOI) from reputed Actuarial Firm.
APY offers guaranteed pension benefits which entails suitable gap funding to fulfill the commitment of guaranteed pension benefits to the subscribers and spouse of the subscribers. The EOI document was issued on July 18, 2018 and the same is available on PFRDA's website. Along with the other conditions, the actuarial firm should have carried out the actuarial valuation of at least 10 funds in the immediately preceding 5 FYs and out of which at least 2 of the funds should have had the minimum fund size of 5000 cr.