PFRDA Recruitment 2021 Officer Grade ‘A’ 14 Vacancies

August 16, 2021

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PFRDA Recruitment 2021 Officer Grade ‘A’ 14 Vacancies

Pension Fund Regulatory and Development Authority Recruitment 2021 has released a Notification for 14 Officer Grade A Posts. Pension Fund Regulatory and Development Authority is the regulatory body under the jurisdiction of the Ministry of Finance, Government of India for overall supervision and regulation of pension in India. The Government of India had, in the year 1999, commissioned a national project titled “OASIS” (an acronym for old age social & income security) to examine policy related to old age income security in India. Based on the recommendations of the OASIS report, the Government of India introduced a new Defined Contribution Pension System for the new entrants to Central/State Government service, except to Armed Forces, replacing the existing system of Defined Benefit Pension System. On 23 August 2003, the Interim Pension Fund Regulatory & Development Authority (PFRDA) was established through a resolution by the Government of India to promote, develop and regulate the pension sector in India. The contributory pension system was notified by the Government of India on 22 December 2003, now named the National Pension System (NPS) with effect from 1 January 2004. The NPS was subsequently extended to all citizens of the country w.e.f. 1 May 2009 including self-employed professionals and others in the unorganized sector on a voluntary basis.

PFRDA has set up a Trust under the Indian Trusts Act, 1882 to oversee the functions of the Pension Fund Managers (PFMs). The NPS Trust is composed of members representing diverse fields and brings a wide range of talent to the regulatory framework. The Union Parliament passed the IPRDA [Interim Pension Fund Regulatory & Development Authority] Bill in February 2003 as a Budget Announcement, approved by the then President of India, Dr APJ Abdul Kalam. It was meant to be in place till the final and fool-proof system was prepared, re-approved, and implemented in a way acceptable to all political parties in India, including the opposition. Tamil Nadu became the first state to implement NPS for its newly appointed employees from the financial year 2003–04, under the Chief Ministership of Jayalalitha.

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PFRDA Recruitment 2021 Important Dates:

Starting Date: 13 August 2021

Last Date: 16 September 2021

PFRDA Recruitment 2021 Vacancy Details:

Here is the PFRDA Recruitment 2021 vacancy details are mentioned below.

Post Name	Vacancies
General	05
Information Technology	02
Finance & Accounts	02
Actuarial	02
Official Language (Rajbhasha)	01
Research (Economics)	01
Research (Statistics)	01
Total	14

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Eligibility Criteria for PFRDA Recruitment 2021:

Eligibility Criteria for PFRDA Recruitment 2021 are mentioned below.

The selected candidates of the Maximum age limit are 30 Years

Educational Qualification For PFRDA Recruitment 2021:

The educational qualification for PFRDA Recruitment 2021 is mentioned below.

Candidates should have passed in Master Degree, Bachelor Degree, CA, CWA, Graduation, or equivalent qualification from a recognized University.

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Selection Process PFRDA Recruitment 2021:

The selection process for PFRDA Recruitment 2021 post was made on the basis of the online Screening examination & interview.

Phase l Examination:

Papers	Subjects	Questions	Marks	Time
Paper l	English Language	25	20	60 minutes
	Quantitative Aptitude	25	20
	Test of Reasoning	25	20
	General Awareness (including some questions related to Financial Sector)	25	20
	Total	100	80
Paper ll	General Stream: Multiple choice questions on subjects Commerce, Accountancy, Management, Finance, Costing, Companies Act, Economics and pension sector	100	50	40 minutes
	Actuarial, Information Technology, Official Language, Finance & Accounts, Research (Economics) and Research (Statistics) Streams: Multiple choice questions on Specialised subjects related to stream	100	50	40 minutes

Phase ll Examination:

Papers	Streams & Subjects	Questions	Marks	Time
Paper l	All Streams: English (Descriptive Test) to test the drafting skills	100	03	60 minutes
Paper ll	General Stream: Multiple choice questions on subjects Commerce, Accountancy, Management, Finance, Costing, Companies Act, Economics, and Pension Sector.	100	50	40 minutes
	Actuarial, Information Technology, Official Language, Finance & Accounts, Research (Economics) and Research (Statistics) Streams: Multiple choice questions on Specialized subject related to the stream.	100	50	40 minutes