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The Pension Fund Regulatory and Development Authority (PFRDA) offers an attractive salary package and benefits to its Grade A Officers. It is one of the most sought after jobs in the financial sector due to its high pay scale, job security, and various perks. In this article, we will cover PFRDA Grade A Salary 2025, Pay Scale, Job Profile and Perks.
PFRDA Grade A Salary 2025
The pay scale for PFRDA Grade A Officers is structured as follows:
Rs. 44500-2500(4)-54500-2850(7)-74450-EB-2850(4)-85850-3300(1)-89150. This means the starting basic salary is Rs. 44,500 per month, which increases over time based on increments. Along with the basic pay, officers receive several allowances and benefits. At the minimum of the pay scale, the total gross emoluments are approximately Rs. 1,40,000 per month, including various allowances such as Dearness Allowance, Grade Allowance, Special Allowance, Local Allowance, Housing Allowance and PFRDA’s contribution to the National Pension System (NPS).
PFRDA Grade A Qualification Allowance
In addition to pay and benefits, a candidate appointed as Officer Grade ‘A’ is eligible for a qualification allowance based on their educational qualifications. This allowance varies depending on the specific field and level of qualification achieved. The details of the qualification allowance are provided in the table below.
PFRDA Grade A Qualification Allowance | ||
Qualification | Completion Level | Qualification Allowance per month |
Actuarial | Fellow of the Institute of Actuaries of India (IAI) | Rs. 80,000/- |
Pass or exemption in all Seven (07) ‘Core Principles’ subjects of the Institute of Actuaries of India (IAI) Examination. | Rs. 15,000/- | |
Finance & Accounts | ACA / ACMA (erstwhile AICWA) / ACS/ CFA | Rs. 3,500/- |
Information Technology | Master’s Degree | Rs. 3,500/- |
Economics / Statistics / Law / Finance | Doctorate of Philosophy (Ph.D.) | Rs. 3,500/- |
PFRDA Assistant Manager Job Profile
Grade A Officers in PFRDA have important roles in managing and overseeing pension related activities. Their main responsibilities include:
Regulating Pension Funds: They make sure that pension funds follow all the rules and operate smoothly.
Making Policies: They help create rules and policies for managing pension funds in a better way.
Supervising Pension Schemes: They keep an eye on pension schemes like the National Pension System (NPS) to ensure they work properly.
Research and Analysis: They study pension-related topics to find ways to improve the system.
Handling Customer Complaints: They address issues faced by customers and make sure all rules are followed.
Working with Government Bodies: They coordinate with government organizations to improve the pension sector.
PFRDA Grade A Perks and Benefits
Apart from the attractive salary, Grade A Officers enjoy various benefits. These benefits make the PFRDA Grade A Officer position highly lucrative and desirable among job seekers looking for a stable and rewarding career in the financial sector.
- Leave Fare Concession (LFC): Allowance for travel expenses.
- Medical Benefits: Coverage for both hospitalization and non hospitalization expenses.
- Personal Accident Insurance: Financial security in case of accidents.
- Education Allowance: Financial support for children’s education.
- Eye Refraction and Spectacles Cost: Reimbursement for vision care.
- Financial Dailies and Book Grant: Support for professional development.
- Briefcase and Conveyance Expenses: Reimbursement for official expenses.
- House Cleaning Allowance: Additional support for maintaining living spaces.
- Staff Furnishing Scheme: Financial assistance for furnishing homes.
- Computer Purchase Scheme: Support for buying computers.
- Sodexo Meal Card: Monthly meal allowance.
PFRDA Grade A Probation Period
Candidates selected as Officer Grade A (Assistant Manager) will be on probation for one year. Their job will be confirmed only if they perform well during this period and clear the background verification process. During probation, their work, discipline and overall conduct will be closely monitored. Successful completion of this period ensures a permanent position in PFRDA.
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