The PFRDA Chairperson has warned state governments about the fiscal unsustainability of reverting to the Old Pension Scheme (OPS). While states are free to offer OPS, they must maintain contributions to the funded National Pension Scheme (NPS), which has a total AUM of ₹17 lakh crore. This is a critical issue for aspirants as pension reforms are a recurring theme in Economy and Governance sections of major exams.
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Quick Exam Facts From News
1-Minute Revision
- ›NPS Total AUM (Feb 2026): ₹17 lakh crore
- ›NPS Year-on-Year Growth: 20%
- ›Target this Data: NPS AUM as of Feb 2026 is ₹17 lakh crore with 9 crore subscribers.
- ›Target this Nodal Body: Pension Fund Regulatory and Development Authority (PFRDA) regulates NPS.
- ›Target this Scheme: Atal Pension Yojana (APY) has 7 crore subscribers out of the total 9 crore pension subscribers.
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