This is a method by which the retiree collects his retirement benefits in monthly or quarterly amounts throughout the length of an estimated lifespan which is determined using mortality (actuarial) tables. This is a product offered by the PFA. When a retiree dies, any balance in the RSA will be paid to the duly nominated beneficiaries.
- 04. What is Life Annuity?
- 02. What are the modes of accessing periodic pension payments under the CPS?