Sivasubramanian Ramann assumed charge as the new Chairperson of the Pension Fund Regulatory and Development Authority (PFRDA) on 20th June 2025. Sivasubramanian Ramann has been appointed as the new Chairperson of PFRDA by the Government of India vide notification dated 8th April 2025 for a tenure of five years with effect from the date of assumption of charge of the post or till he attains the age of 65 years, or until further orders, whichever is the earliest. Prior to being appointed as Chairperson of PFRDA, Sivasubramanian served as the Deputy Comptroller & Auditor General and Chief Technology Officer in the Office of the Comptroller and Auditor General of India.
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| Sivasubramanian Ramann Assumes Charge As New Chairperson, PFRDA |
Sivasubramanian Ramann Appointed As New Chairperson, PFRDA
Sivasubramanian Ramann has been appointed as the new Chairperson of the Pension Fund Regulatory and Development Authority (PFRDA). Ramann has been appointed as the new Chairperson of PFRDA by the Government of India vide notification dated 8th April 2025 for a tenure of five years.
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Sivasubramanian Ramann took over the appointment of new Chairman of the Pension Fund Regulatory and Development Authority (PFRDA) at New Delhi with effect from 20th June 2025.
Prior to being appointed as Chairperson of PFRDA, Sivasubramanian served as the Deputy Comptroller & Auditor General and Chief Technology Officer in the Office of the Comptroller and Auditor General of India.
Tenure of Chairperson, PFRDA
Sivasubramanian Ramann has been appointed as the new Chairperson of Pension Fund Regulatory and Development Authority (PFRDA) by the Government of India vide notification dated 8th April 2025 for a tenure of five years with effect from the date of assumption of charge of the post or till he attains the age of 65 years, or until further orders, whichever is the earliest.
About Sivasubramanian Ramann Chairperson, PFRDA
Sivasubramanian Ramann served as an officer of the Indian Audit & Accounts Service (IA&AS) from the 1991 batch.
He has previously held several leadership positions, including Chairman and Managing Director of the Small Industries Development Bank of India (SIDBI), Managing Director and Chief Executive Officer of National E-Governance Services Ltd. (NeSL), and Principal Accountant General of the State of Jharkhand.
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For the period 2006 to 2013, Sivasubramanian also served as Chief General Manager (CGM) and then as Executive Director at the Securities and Exchange Board of India (SEBI).
Educational Life of Sivasubramanian Ramann
Sivasubramanian Ramann holds a Bachelor’s degree in Economics and an MBA from the University of Delhi. He also possesses multiple professional and academic qualifications, including an M.Sc. in Financial Regulation from the London School of Economics and Political Science, an LLB, a Chief Digital Officer certification from the Indian School of Business, the Certified Internal Auditor credential from the Institute of Internal Auditors (IIA), Florida, and a Post Graduate Diploma in Securities Law.
About Pension Fund Regulatory and Development Authority (PFRDA)
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, 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 23rd August, 2003, Interim Pension Fund Regulatory & Development Authority (PFRDA) was established through a resolution by the Government of India to promote, develop and regulate pension sector in India.
The contributory pension system was notified by the Government of India on 22nd December, 2003, now named the National Pension System (NPS) with effect from the 1st January, 2004. The NPS was subsequently extended to all citizens of the country w.e.f. 1st May, 2009 including self-employed professionals and others in the unorganized sector on a voluntary basis.
The Pension Fund Regulatory & Development Authority Act was passed on 19th September, 2013 and the same was notified on 1st February, 2014. PFRDA is regulating NPS, subscribed by employees of Govt. of India, State Governments and by employees of private institutions/organizations & unorganized sectors. The PFRDA is ensuring the orderly growth and development of pension market.
Static Current Affairs related to PFRDA for upcoming exams
- Full form of PFRDA: Pension Fund Regulatory and Development Authority
- Formation: 23 August 2003
- Headquarters: New Delhi
- Chairman: Sivasubramanian Ramann
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