five lakh rupees" had been substituted;] (12A) any payment from the National Pension System Trust to an assessee on closure of his account ... opting out of the scheme; (12B) any payment from the National Pension System Trust to an employee under the pension scheme referred to in section
April, 2018, namely:- "(12B) any payment from the National Pension System Trust to an employee under the pension scheme referred to in section 80CCD
right of such subscriber to receive any pension or other amount under the National Pension System or from the government or employer, shall extinguish ... stipulated, but desires to continue with his individual pension account under National Pension System, beyond the age of sixty years or the age of superannuation
Section 32 in The Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) Regulations, 2015
32. Nomination.
- Notwithstanding anything contained ... being in force, a subscriber, at the time of joining the National Pension System is required to make a nomination, in the specified form, conferring
option, the right of the subscriber to receive any pension under the National Pension System shall extinguish and any such exercise of this option ... leading to his incapability to continue with his individual pension account under National Pension System, the exit in such case shall be determined
pension wealth" means the monetary value of the pension investments accumulated in the Permanent Retirement Account of a subscriber under the National Pension System ... this regulation shall mean closure of individual pension account of the subscriber under National Pension System, upon and on the date of happening
Section 4 in Pension Fund Regulatory and Development Authority (National Pension System Trust) Regulations, 2015
4. Contents of Trust Deed.
(1) The Trust Deed shall ... ensure compliance with the regulations applicable to them under the National Pension System; (c) provisions requiring all trustees to disclose, the particulars of interest which
Section 12 in Pension Fund Regulatory and Development Authority (National Pension System Trust) Regulations, 2015
12. Obligations, duties, responsibilities and liabilities of Board of Trustees ... other pension scheme regulated under the Act, if it isso directed by the Authority. The scope of the National Pension System Trust role shall include
Section 8 in The Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) Regulations, 2015
8. [ The following withdrawals shall ... permitted under National Pension System. [Substituted by Notification No. PFRDA/12/RGL/139/8, dated 10.8.2017 (w.e.f. 11.5.2015)]
(1) A partial withdrawal
pension or accumulated pension wealth in Tier-I account of the Permanent Retirement Account of the subscriber under the National Pension System on account ... pension wealth of such subscriber. Upon such right of withholding being validly exercised:- (i) the pension wealth which are payable under the National Pension System
