A) 1
B) 2
C) 3
D) 4
Correct Answer: B
Solution :
The NPS system is structured in 2 tires. |
(i) Tier 1-account is basic retirement pension account available to all citizens from Amy 1, 2009; it doesn't permit withdrawal of funds before retirement. |
(ii) Tier 2- account is a prospective payment system account that permits some withdrawal of pension to retirement under exceptional circumstances usually related to the provision of health care. |
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