Which of the following pension scheme (s) is/are NOT run by the Pension Fund Regulatory & Development Authority (PFRDA)? 1. National Pension System (NPS) 2. Atal Pension Yojana 3. Pradhan Mantri Shram Yogi Maandhan (PM-SYM) Select the correct answer using the code given below:

[A] 1 only

[B] 1 and 2 only

[C] 3 only

[D] 1, 2 and 3

Answer: C

Notes:

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.
Atal Pension Yojana (APY), a pension scheme launched by Government of India and run by PFRDA is focused on the unorganized sector workers.

Under the APY, minimum guaranteed pension of Rs. 1,000/- or 2,000/- or 3,000/- or 4,000 or 5,000/- per month will start after attaining the age of 60 years depending on the contributions by the subscribers for their chosen pension amount.

Source: The Hindu