Hyd: NPS adoption among MSMEs can boost retirement security, workforce retention: Jt Labour Commissioner

Hyderabad, Sept 17 (UNI) Adoption of the National Pension System (NPS) by MSMEs can strengthen social security for private-sector employees while helping companies attract and retain their workforce, Telangana Joint Labour Commissioner R Chandrasekaran said on Thursday. Addressing a workshop on "NPS - Strengthening MSMEs through Social Security and Workforce Retention", organised by the Federation of Telangana Chambers of Commerce & Industry (FTCCI) in association with the Pension Fund Regulatory and Development Authority (PFRDA), Chandrasekaran urged MSMEs to consider providing NPS as an employee benefit. He said retirement planning was particularly important for private-sector employees who may not have access…