PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

QUTAB INSTITUTIONAL AREA, NEW DELHI – 110 016.

Advt no. :01 /2024 08/02/2024

Appointment of a Chief Executive Officer (CEO) in National Pension System Trust (NPS
Trust) on Contract/Deputation Basis

Pension Fund Regulatory and Development CHIEF EXECUTIVE OFFICER, NATIONAL

Authority (PFRDA/Authority), is a statutory PENSION SYSTEM TRUST – ON
regulatory body established under the PFRDA CONTRACT/ DEPUTATION BASIS
Act, 2013, to promote, develop and regulate
pension schemes covered under the Act. Eligibility for appointment as Chief
PFRDA is hereby inviting applications for Chief Executive Officer:
Executive Officer (CEO) (1) in National Pension
System Trust (NPS Trust) on A person to be appointed as CEO of the
contract/deputation basis. National Pension System Trust should be a
citizen of India and a person of ability, integrity
PFRDA is the settlor of the NPS Trust, under and standing who could provide effective
the provisions of the Indian Trusts Act, 1882 leadership to the Trust;
and it holds the assets of subscribers for their
benefit. The NPS Trust is an intermediary He/she should not have been convicted of any
regulated under the provisions of PFRDA Act, offence involving moral turpitude or fraud or for
2013 and the PFRDA (NPS Trust) Regulations, commission of any economic offences or
2015 and it has interalia been entrusted with the violation of any securities laws. He/she should
important responsibility of monitoring not have been debarred or restrained from
operational and service level parameters in carrying on any professional activity or
respect of various intermediaries under the penalised by any regulator, court of law or other
NPS architecture, in accordance with the authority.
regulations notified under the PFRDA Act.
Emoluments:
The CEO, NPS Trust shall have a leadership
role and be responsible for day-to-day As admissible to an officer of the Executive
administration and management of NPS Trust, Director-Grade in PFRDA.
subject to the overall superintendence, direction The present scale of pay for Executive Director
and control of the Board of Trustees of the NPS in PFRDA is Rs. 204000-6000 (2)-216000.
Trust. Presently, the office of NPS Trust is Other benefits as admissible.
located at New Delhi and NPS Trust may The monthly gross emoluments at the
establish its other offices anywhere in India. The beginning of the scale work out to Rs.
CEO shall accordingly be liable to serve 5,90,000/- approx.
anywhere in India. CEO shall be an employee
of NPS Trust.

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Benefits in addition to monthly emoluments Age Limit:
include provision of hired office car,
Entertainment Allowance, Medical (Non – Not more than 60 years.
Hospitalisation) Expenses, LFC, Group
Mediclaim Insurance, Personal Accident Term of Appointment:
Insurance, Group term insurance, Staff
Furnishing Scheme etc. The appointment shall be for an initial period of
The annual CTC is Rs. 90 Lacs approx. three (03) years, unless terminated earlier
which period may be, extended by another
The candidates appointed on deputation basis period of two (02) years only, subject to
would also have the option to draw pay and Authority being satisfied (on its own
allowances as admissible to him/her in the assessment and that of Trustees) that such
parent organization. The option once exercised extension is deserved, based on performance
cannot be changed later. review and other factors including integrity,
during the tenure served.
APPOINTMENT ON CONTRACT BASIS:
The contract of appointment can be terminated
a) Essential qualification, Experience & by either side by giving 90 days advance notice
Age as on 31/01/2024:
or by making payment of 90 days pay in lieu
MBA/MMS with specialisation in Finance / CA / thereof, without assigning any reasons therefor.
CS / CFA / CWA / LLB / Post Graduation in
Economics, Finance or any other discipline Notwithstanding the above, the Authority, shall
which in the opinion of the Authority is useful have the right to terminate the contract of the
from the perspective of functions of NPS Trust, Chief Executive Officer, on grounds of
from a recognised University / Institution with a misconduct or lack of satisfactory performance
minimum of 20 years of post-qualification or where in the opinion of the Authority, such a
experience in officer cadre and dealing with person is not fit to hold the position or has given
issues relating to Pension / Insurance / any false information or declaration to secure
Financial Sector or special knowledge/ such appointment as such without notice or
experience of Law, Finance, Economics, compensation.
Accountancy, Administration, or any other
discipline considered useful from the The Chief Executive Officer shall not within two
perspective of functioning of NPS Trust, havingyears from the date he finally ceases to be in
proven leadership and management skills. service of National Pension Trust, accept or
undertake any employment or be in any manner
b) Desirable Experience: associated with an intermediary registered with
the Authority or any of its holding company or
Experienced Leader who has performed roles sponsor of the pension fund, except with the
and responsibilities in the organisation at a prior written approval of the Authority.
senior management level, preferably in the
financial sector and possessing experience in
engaging with diverse stakeholders such as,
Government departments, Industry,
Subscribers/customers and employees.

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ON DEPUTATION: the employer and Annual Confidential Reports
for the last 3 years.
a) Qualification, Experience & Age as on
31/01/2024:
GENERAL INSTRUCTIONS:
Deputation from Govt. (All India/ Central Civil
Service Group A), RBI, other Regulatory 1. Applications which are incomplete, or not in
Bodies, Financial Institutions and banks with specified format, or received after the
not less than 20 years of experience in officer prescribed date or received without
cadre in dealing with pension/ financial sector or supporting documents in respect of age,
special knowledge/ experience of Law, educational qualification, experience and
Finance, Economics, Accountancy, through proper channel, will not be
Administration, with proven leadership and considered further and summarily rejected.
management skills or any other discipline
considered useful to the NPS Trust. 2. The candidate is required to submit his/her
brief profile (not exceeding 3 pages
b) Desirable Experience: containing details of qualification,
experience etc.) along with the duly filled
Experienced Leader who has performed roles
application. PFRDA reserves the right to call
and responsibilities in the organisation at a
for additional documents from the
senior management level, preferably in the
candidates to validate their claim with
financial sector and possessing experience in
regard to eligibility within stipulated time by
engaging with diverse stakeholders such as,
e-mail/post. Failure to furnish the required
Government departments, Industry,
documentary proof shall result in
Subscribers/customers and employees.
disqualification of the candidature of the
candidate.
Age Limit:

3. Mode of Selection will be Interview. The

Not more than 60 years.
Competent Authority reserves the right to
modify the selection procedure, if deemed
Term of appointment:
fit. Outstation candidates called for
Interview will be reimbursed economy Class
The appointment shall be made on deputation
Air fare (to and fro journey through shortest
basis for an initial period of three (03) years,
route) undertaken for attending the
which may be extended by a period of another
interview, subject to submission of
two (02) years only, subject to satisfactory
necessary documentary evidence. In case,
performance review.
where outstation candidates travel by any
mode other than air, such candidates shall
The candidates applying for Chief Executive
be reimbursed on actuals or be restricted to
Officer in NPS Trust on deputation basis should
fare admissible for II AC Rail fare,
route their applications through their employer/
whichever is less.
cadre controlling authority. Such application’s
shall include Vigilance Clearance provided by

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4. Candidates should satisfy themselves assigning any reasons therefor, or not invite
about their eligibility for being engaged/ any candidate for appointment at all.
appointed as CEO. The Authority shall call
the candidates for the interview based on 10. Canvassing in any form will result in
the details furnished in the application along disqualification of the candidate.
with documents submitted. The Authority
will verify the original supporting documents 11. If a candidate is not eligible or has
for determining the eligibility prior to conduct knowingly or willfully furnished incorrect or
of interview. false particulars or suppressed material
information, his/her candidature will be
5. The Competent Authority reserves the right liable to be cancelled at any stage of the
to relax any of the eligibility criteria in selection process or even post appointment
deserving cases. without any emoluments or compensation
and without further prejudice to any other
6. The Candidate engaged on contract or action which the Competent Authority may
appointed on deputation basis will NOT be deem fit to take.
entitled for permanent employment with the
PFRDA or NPS Trust, under any 12. Applications received after due date will not
circumstances, at any point of time. be entertained. The Authority takes no
responsibility for any delay in receipt of
7. The candidates applying on deputation application or loss thereof in postal transit.
basis should route their applications through
13. The decision of Authority in all matters
their employers and an application marked
'Advance Copy' may be sent to the address would be final and binding, and no
given at point 15 and the regular copy correspondence in this regard would be
should be routed through the employer entertained. Any matter relating to the
appointment of Chief Executive Officer,
before the last date of application to the
address given at point 15. NPS Trust or the procedure for such
appointment shall be governed by the laws
8. Merely fulfilling the eligibility conditions laid of India. Only courts at New Delhi (with the
down in the advertisement as regards exclusion of all other Courts) shall have the
qualifications and experience, would not exclusive jurisdiction to decide on any
automatically entitle any candidate to be dispute in connection with this selection
called for the interview. The Competent process. Post appointment, the disputes, if
Authority reserves the right to raise the any shall be governed as per terms of the
minimum standards in respect of appointment.
qualification and experience in order to B) HOW TO APPLY:
restrict the number and shortlist the pool of
candidates for Interview. 14. Candidates who satisfy the eligibility criteria
may apply giving their bio data as per the
9. The Authority reserves the right to cancel format given below.
this advertisement fully or partly at any
time/stage on any grounds without

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15. Applications should be sent by post in a Pension Fund Regulatory and Development
cover superscribing ‘Application for Chief Authority
Executive Officer, NPS Trust (on contract/ B-14/A, Chhatrapati Shivaji Bhawan
Qutab Institutional Area, Katwaria Sarai
deputation)’ to the following address so as
New Delhi 110 016.
to reach latest by 4th April, 2024
(Thursday).

The Chief General Manager

(Human Resource Department)

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 PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
APPLICATION FOR THE CHIEF EXECUTIVE OFFICER, NPS TRUST (ON CONTRACT/ DEPUTATION)

1. Name in full First Name

(English- Middle
CAPITAL Name
LETTERS) Surname
2. Mother’s Name Paste Photograph in the box
3. Father’s Name alongside and sign across it

4. Gender (Please √ M F Others

wherever
applicable)
5. Date of Birth D D M M Y Y Y Y
1

6. Age as on
31.01.2024 Years Months

7. Mode of Contract Deputation

Application
8. Category, i.e. General/ General OBC SC ST PWD EWS
SC/ST/ OBC/PH (Please √
wherever applicable)
9. Details of Work Experience as on 31.01.2024
Employer Name & address Designation Job Profile Period Duration
From To Yrs. Mths

10. Academic Qualification as on 31.01.2024

Qualification Examination Main Year of University/ Overall Class/
Subjects Passing Institute (%) of Division
Marks
Graduation
Post Graduation
Any Other
11. Permanent Address (English – in capital letters only)
12. Current Address (English – in capital letters only)
E Mail:
Telephone:
Mobile:
Dist.: STD Code:
State: Pin Code:
13. Any other information considered relevant by the applicant:

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I declare that the information furnished above is true and correct to the best of my knowledge & belief. I
understand that if at any stage, it is found that any information given in this application is false/incorrect or
that I do not satisfy the eligibility criteria, my candidature/appointment is liable to be terminated/ cancelled. I
also understand that there is no obligation on the Authority to offer me the appointment at any stage or the
Authority may terminate/discontinue the selection process without any prior notice. I have read and
understood the stipulations given in the advertisement and hereby undertake to abide by them.

Place:
Date: Signature
Note: Applications should be accompanied by self-attested copies of certificates in support of age, Category
(General/ SC/ST/ OBC/PH), qualifications & experience with a recent passport size photograph glued to the
top right-hand corner of the application form.

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