Ramann takes charge as PFRDA chief

June 20, 2025

Sivasubramanian Ramann took charge as the chairperson of the Pension Fund Regulatory and Development Authority (PFRDA) on Friday. He succeeded Deepak Mohanty.

Ramann will be at the helm for a tenure of five years with effect from the date of assumption of charge of the post or till he attains the age of 65 years, or until further orders, whichever is the earliest.

He is taking on the responsibility at a critical time, when the regulator is overseeing the transition of central government staff from the National Pension System (NPS) to the Unified Pension System, which guarantees a pension equivalent to 50% of the average pay for the last 12 months.

Ramann served as an officer of the Indian Audit & Accounts Service (IA&AS) from the 1991 batch. Before joining PFRDA, he served as the deputy Comptroller & Auditor General (CAG) and Chief Technology Officer in the office of the CAG.

He has previously held several leadership positions, including Chairman and Managing Director of the Small Industries Development Bank of India (SIDBI), Managing Director and Chief Executive Officer of National E-Governance Services Ltd. (NeSL), and Principal Accountant General of the State of Jharkhand.

For the period 2006 to 2013, he also served as Chief General Manager (CGM) and then as Executive Director at the Sebi.

[The Financial Express]