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Pension Fund Regulatory and Development Authority (PFRDA) has appointed Chitra Jayasimha as Chairperson of NPS Trust Board.

Appointment | Dated: 05 Nov 2024

The Pension Fund Regulatory and Development Authority (PFRDA) has appointed Chitra Jayasimha as the Chairperson of the NPS Trust Board, effective from 17th October, 2024. She has been serving as a Trustee of the National Pension System (NPS) Trust Board since 2020.

🎯 Key Highlights:

  • - She succeeds Venkata Rao Yadagini, who was appointed to the position of NPS Trust Chairman on 12th December, 2023.
  • - She is the founder, director, and consulting actuary of Universal Actuaries and Benefit Consultants. She has also been appointed as actuary at Sanima Reliance Life (Nepal) and General Insurance Corporation of India (GIC) Reinsurance Company Limited (Bhutan), among others.
  • - In August 2017, she published a detailed research report on NPS Superannuation and has written various white papers on NPS and other retirement benefits.

💡 Other Important Facts:

  • (i) She is a qualified actuary, a fellow member of the Navi Mumbai (Maharashtra)-based Institute of Actuaries of India (IAI), Institute and Faculty of Actuaries (IFOA), United Kingdom (UK), and the Insurance Institute of India.
  • (ii) She has over 17 years of extensive experience working in various senior roles at Life Insurance Corporation of India (LIC).
  • (iii) She served as the Chairperson of the Advisory Group on Pension, Employee Benefits, and Social Security Schemes of the Institute of Actuaries of India for over 9 years.

📚 Test Your Knowledge:

Recently, who was appointed as the Chairperson of NPS Trust Board?

Correct Answer: Chitra Jayasimha

🚀 Quick Recap: