Finance Ministry Forms Committee to Review Pension System for Government Employees under NPS

  1. The Finance Ministry has formed a committee to review the pension system for government employees under the National Pension System (NPS).
  2. The committee is directed to develop an approach that addresses the needs of the employees while maintaining fiscal prudence to protect the common citizens.
  3. The order does not specify a deadline for the panel.
  4. The committee will be led by Finance Secretary T.V. Somanathan and has four members.
  5. The approach developed by the committee would apply to both the Centre and the States, as stated by Finance Minister Nirmala Sitharaman in a statement to the Lok Sabha.

Question: Who will lead the committee formed by the Finance Ministry to review the pension system under the NPS?
A) Finance Minister Nirmala Sitharaman
B) TV Somanathan, Finance Secretary
C) An expert from the private sector
D) A retired government employee
Answer: B) TV Somanathan, Finance Secretary

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