New Delhi, Oct. 28 -- The government has approved the extension of the LC75 investment option to central government employees under both the pension plans - National Pension System (NPS) and Unified Pension Scheme (UPS).

This means if the subscriber opts for the LC75 investment option, there will be an equity allocation of up to 75 percent of total contribution, reducing gradually from age 36 to 55. Every year, equity allocation will reduce by 4% under NPS.

At age 36, equity allocation would fall to 71% and next year, it would reduce further to 67% and so on.

The new rules also entail giving a green signal to the BLC investment option to the Central government employees. Those who are not aware, BLC refers to Balanced Life Cycle, which...