UPSC Prelims 2017 Question:

Who among the following can join the National Pension System (NPS)?

Explanation: 

• National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme designed to enable the subscribers to make optimum decisions regarding their future through systematic savings during their working life. It seeks to inculcate the habit of saving for retirement amongst the citizens.
  
  

Eligibility:

• The Central Government had introduced the National Pension System (NPS) with effect from January 01, 2004, except for the armed forces. 
• Any individual citizen of India (both resident and Non-resident) in the age group of 18-70 years (as on the date of submission of NPS application) can join NPS. 
• All Central Government employees joining on or after 01-01-2004 are mandatorily covered under NPS
• All the employees of Central Autonomous Bodies who have joined on or after the above mentioned date are also mandatorily covered under NPS
• All State Government employees joining the services after the state of notification by the respective State Governments
  
  

Therefore, option (3) is the correct answer.

Subject: Economics | Economic Schemes and Policies