PFRDA Lowers Mandatory Annuity to 20% for Non-Gov NPS Subscribers
The PFRDA's 2025 amendment halves the mandatory annuity purchase for non-government NPS subscribers from 40% to 20%, enabling up to 80% lump sum withdrawals with tax considerations.
2025 Annual Benefits Plan Reporting Forms Released with Key Updates
The U.S. Department of Labor, IRS, and PBGC release updated 2025 benefits plan reporting forms, including new codes for multiemployer and variable annuity plans to enhance retirement plan compliance and reporting accuracy.