Pension Fund Regulatory and Development Authority (Employees‘ Service) (Amendment) Regulations, 2020

May 06, 2020 | by Avantis RegTech Legal Research Team

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Labour Compliance

The Pension Fund Regulatory and Development Authority (PFRDA) on April 28, 2020 issues the Pension Fund Regulatory and Development Authority (Employees‘ Service) (Amendment) Regulations, 2020 to further amend the Pension Fund Regulatory and Development Authority (Employees‘ Service) Regulations, 2015. The amendments are made in Regulation 6(4)(b) regarding qualification for Grade D, E and F. The existing educational qualification requirements shall be substituted with the followings:

1.Master‘s Degree in any discipline, Bachelor‘s Degree in Law, Bachelor‘s Degree in Engineering from a recognized university, CA, CFA, CS, CWA for officers in the General Stream. 

2.Bachelor‘s Degree in Law from a recognised University/Institute for officers in the Legal Stream.

3.Master‘s Degree in Statistics / Economics / Commerce / Business Administration (Finance) / Econometrics for officers in the Research Stream. 

4.Bachelor‘s Degree in Engineering (electrical/ electronics/ electronics and communication/ information technology/ computer science)/ Masters in Computer Application/ Bachelor‘s Degree in any discipline with a post graduate qualification (minimum 2 years duration) in computers/ information technology for officers in Technical Stream.

5.The maximum age for recruitment of officers in Grade ‘A‘ must be 30 years.

These Regulations shall come into force on April 28, 2020.

[Notification No. PFRDA/12/RGL/139/11]


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