The NPS Corporate Model

Introduced in December 2011, this provides a platform for corporate entities to extend old-age socialsecurity benefits to their employees through flexible contributions. This model can coexist with other retirement pension schemes like Employees’ Provident Fund (EPF) and Superannuation Fund (SAF). Under this model, a corporate group/company (employer) has the flexibility to select the point of presence (commercial banks and India Post), pension funds (PFs) as well as investment choice (‘active choice’ investments in government securities, non- government securities or equity instruments; or ‘auto choice’ life-cycle funds (predetermined portfolios). The corporate entity can also leave such choices to employees.