New PFRDA Chairperson 2025 Sivasubramanian Ramann takes charge for a five-year term. Learn about his background, role in pension reforms, and relevance for UPSC, SSC, Banking and Civil Services exams.
Sivasubramanian Ramann Takes Charge as PFRDA Chairperson
New Leadership at PFRDA: Ramann Begins Term
On June 20, 2025, Sivasubramanian Ramann officially assumed charge as the Chairperson of India’s Pension Fund Regulatory and Development Authority (PFRDA) Appointed via government notification on April 8, 2025, his tenure will extend for five years—or until he turns 65—whichever occurs earlier
Impressive Service Record
Ramann is a seasoned 1991 batch officer of the Indian Audit & Accounts Service (IA&AS) He previously served as Deputy Comptroller & Auditor General and Chief Technology Officer in the Office of the CAG of India, where he led digitization and audit transformation initiatives
Key Leadership Roles in Finance Sector
His experience spans high-impact roles: Chairman & MD of SIDBI, MD & CEO of National E‑Governance Services Ltd (NeSL), Principal Accountant General of Jharkhand, and Executive Director at SEBI (2006–2013) His academic background includes a BA in Economics, an MBA from Delhi University, an LLB, and an MSc in Financial Regulation from LSE, plus certifications like CIIA and ISB’s Chief Digital Officer
Pension Landscape Under Ramann
Under his leadership, PFRDA will oversee the expanding National Pension System (NPS), which now has over ₹14.4 lakh crore in assets and around 8.4 crore subscribers across NPS and Atal Pension Yojana With India’s aging population—forecasted to reach 19% by mid-century—securing retirement through robust pension systems is critical
Why This News Matters for Exam Aspirants 📌
Strengthening Regulatory Framework
Government exams (like SSC, UPSC, Railway, Banking PO, Police) often include questions on financial regulation. Ramann’s appointment strengthens regulatory oversight and assures integrity in India’s pension architecture. Aspirants should recognize this as a step toward better governance in financial services.
Relevance to National Pension Objectives
India’s NPS and Atal Pension Yojana are regularly featured in current affairs for their role in social security. Knowledge of such leadership changes helps aspirants understand shifts in policy direction and how demographic trends influence regulatory priorities.
Broader Impact on Financial Literacy Goals
As students preparing for teaching positions or civil services, it’s crucial to link leadership in regulatory bodies to national goals like financial inclusion, technology adoption in governance, and systemic transparency.
Historical Context: Evolution of Pension Regulation in India
Genesis of PFRDA & NPS
PFRDA was established following the 1999 OASIS project (Old Age Social & Income Security), which recommended moving from a defined benefit to a contributory pension system The interim regulator began in 2003, and the NPS launched for government employees in January 2004, expanding to all citizens in May 2009
Legislative Milestone
In September 2013, the PFRDA Act bestowed statutory powers to the authority, making it an independent watchdog for India’s pensions .
Trajectory with NPS
Since then, PFRDA has propelled NPS to new heights—integrating the Atal Pension Yojana in 2015, widening investor inclusion, and emphasizing technology-driven transparency.
📝 Key Takeaways from “Ramann’s Appointment at PFRDA”
| # | Key Takeaway |
|---|---|
| 1 | Ramann’s tenure: Appointed via April 8, 2025 notification; term is five years or until 65 |
| 2 | Experienced regulator: IA&AS 1991 batch, former Deputy CAG and CTO at CAG office . |
| 3 | Sectoral leadership: Helmed SIDBI, NeSL, Jharkhand AG, and held senior roles at SEBI . |
| 4 | Growing pension corpus: NPS and APY together manage ₹14.4 lakh crore with 8.4 crore subscribers . |
| 5 | Policy urgency: With India’s elderly projected to be 19% by 2050, robust pension regulation is crucial . |
Frequently Asked Questions (FAQs)
Q1. Who is the new Chairperson of PFRDA in 2025?
A. Sivasubramanian Ramann took charge as the new Chairperson of the Pension Fund Regulatory and Development Authority (PFRDA) in June 2025.
Q2. What is the tenure of the PFRDA Chairperson?
A. The term is five years or until the age of 65, whichever is earlier.
Q3. What is the role of PFRDA in India?
A. PFRDA regulates and develops India’s pension sector and oversees schemes like the National Pension System (NPS) and Atal Pension Yojana (APY).
Q4. What is Sivasubramanian Ramann’s background?
A. He is a 1991 batch IA&AS officer and has held key positions in SIDBI, NeSL, SEBI, and the CAG’s office.
Q5. Why is the National Pension System important for exams?
A. NPS is a central scheme for retirement savings in India, and questions about its regulation, structure, and leadership frequently appear in competitive exams like UPSC, SSC, and Banking.
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