<span style="color: #222222;">The Finance Ministry has notified the formation of a committee to review the pension system for government employees under National Pension System (NPS).<br />''<br />''In a notification yesterday, the Finance Ministry directed the committee to evolve an approach which addresses the needs of the employees while maintaining fiscal prudence to protect the common citizens.<br />''<br />''However, the order does not specify a deadline for the panel. The four-member committee will be led by Finance Secretary T.V. Somanathan.<br />''<br />''Finance Minister Nirmala Sitharaman told the Lok Sabha on 24th of last month that the approach developed by the committee would apply to the Centre as well as the States.</span><br />