The Finance Ministry is likely to complete short listing of names for eligible candidates for the top job at pension fund regulator PFRDA by next month.
“We have received around 70 applications for the post. Short listing has started,” an official source said.
Shortlisting should be over by next month, the source added.
The Chairman’s post fell vacant following the resignation of Yogesh Agarwal on November 13, 2013.
At present, Joint Secretary in the Finance Ministry Anup Wadhawan is acting as the interim Chairman of the Pension Fund Regulatory and Development Authority (PFRDA).
Mr. Agarwal, who had one-and-a-half years more to go as the PFRDA Chairman, resigned within days of his name not being included in the selection panel for short listing of whole-time members of the pension fund regulator by the Finance Ministry.
The PFRDA consists of a chairperson and not more than six members, of whom at least three shall be whole-time members, to be appointed by the government.
The chairperson and every whole-time member would hold office for a term of five years and would be eligible for reappointment. The age limit for chairperson is 65 years, while for whole-time members it is 62 years.
The PFRDA was established by the government in August 2003 to promote old age income security by establishing, developing and regulating pension funds, to protect the interests of subscribers to schemes of pension funds.