Pension

Over 69 lacs subscribers join Atal Pension Yojana with contribution of Rs. 2690 crores

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Over 69 lacs subscribers join Atal Pension Yojana with contribution of Rs. 2690 crores

Secretary DFS: Still Scope for increasing pension coverage

Atal Pension Yojana currently has over 69 lacs subscribers with contribution of Rs. 2690.00 crores. Chairman, PFRDA Shri Hemant G Contractor however emphasised the need of increasing the pension coverage in India at a recently concluded conference on Atal Pension Yojana. The conference organised by Pension Fund Regulatory and Development Authority (PFRDA) in the national capital saw participation from all major banks, representatives from NPCI, SCHIL, SIDBI, Access Assist and some major MFIs.

A large section of the society still does not have access to pensions and this is a cause of concern for PFRDA and Government, Shri Contactor said. Congratulating the winners of the contest organised by PFRDA the Chairman said that APY has made progress in covering the intended subscribers but much remains to be done. He mentioned that on an average, a little less than 2% of the eligible population is covered under APY and hence a lot has to be done to provide people a regular access to old age income. He also touched upon the issues of persistence in the APY accounts and asserted that the objective of the scheme is to provide pension and this will only happen if the contribution in the account has been regularly paid. He urged the APY Service Providers to educate the subscribers on the importance of the same. He also urged upon the APY Service Providers i.e Banks and Post Offices under Department of Post to achieve the targets allocated by government by putting in their best efforts.

A video message of Shri Rajiv Kumar, Secretary DFS was played during the occasion. Shri Rajiv Kumar mentioned that Atal Pension Yojana is flagship program of the Government of India under financial inclusion and financial security. The pension coverage in this country is at around 12% and banks and other stakeholder need to work towards greater coverage under the scheme. He also said that DFS is monitoring the progress under the scheme and targets allocated under the scheme to banks should be accomplished. He touched upon the subject of providing a digital platform for APY by PFRDA i.e e-APY. Secretary Shri Rajiv Kumar congratulated the banks on their performance under the campaigns and urged them to continue the work.

While the government has a pension scheme for the BPL persons but the amount is meagre and is not sufficient for old age needs. 9% of the population of India, i.e 110 million people are over 60 years and by 2030 this figure is expected to cross 180 million. The 60 plus age groups is the fastest growing demographic in the country. With increase in longevity of the people, disintegration of the joint family system in India and inflation, there is greater need for old age than ever before. Currently pension benefits are available India basically to the organised sector. Atal Pension Yojana introduced in 2015 by Government of India provides a self- contributory savings pension scheme with guaranteed pension of Rs. 1,000/- to Rs. 5,000/- with a very low contribution by the subscriber. All banks and Department of Post have pushed the product to the interiors of the country. APY has option for increasing the pension amount from Rs. 1000/- to any other amount up to Rs. 5000/- as per the savings capacity of the subscriber, and further allows the spouse to continue the account in the event of the death of the subscriber before the age of sixty years. PFRDA has also been engaging with various State Governments for providing co-contribution under the scheme. With the introduction of e-APY through Aadhaar, the banks will be able to effectively utilise the digital platform for greater coverage.

PIB

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Be the first to comment - What do you think?  Posted by admin - October 16, 2017 at 10:12 pm

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Revision Of Pension of Pre-2016 Pensioner as per 7th CPC

Revision Of Pension of Pre-2016 Pensioner as per 7th CPC

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
RAILWAYS BOARD

RBA No.145/2017

No.2016/AC-II/21/8

New Delhi,dated 11-10-2017

General Managers
All Zonal Railways and Production Units

Sub: Revision Of Pension of Pre-2016 Pensioner as per 7th CPC

Ref: 1. Board’s letter No.2016/F(E)III/1(1)/7 dated 22.5.2017 (RBE No.49/2017) & 11.07/2017 (RBE No.66/2017)

2. Board’s letters of even No. dated 9.6.2017, 19.7.2017 & 25.07.2017 *RBA No.68/2017, 98/2017 & 103/2017)

3. Board (FC) D.O.letter No.2016/AC-II/21/8/PT-III dated 05.09.2017

Instructions have been issued regarding revision of pre-2016 pensioners/family pensioners in line with 7th CPC recommendations vide Railway Board’s letter under reference above. These instructions envisage ‘suo moto’ revision in pension for all pre-2016 retirees. Till date 151982 pensioners PPO have been revised.

It may be appreciated that against the 14 lakh pensioners cases on Indian Railways, the pace of pension revision is slow. In the recently held review meeting, additional secretary (Expenditure) has also emphasized that adequate priority may be given to this area of work. Finance Secretary also expressed that exercise of pension revision may be completed in a time-bound manner. In this connection, Financial Commissioner, vide his DO letter No.2016/AC-II/21/8/PT-III dated 5.9.2017 has also advised that the exercise of revision may be carried out on a parallel track alongwith ARPAN to expedite the process.

As a welfare measure, it should be ensured to step up with pace for revision of pension. The work flow of pension revision envisages close coordination between the personnel and the accounts Department and hence, it is advised that PCPO and PFA to monitor the progress of revision of pension cases at their level to ensure that pension revision exercise is completed at the earliest.

Ravindra Gupta
Member Staff
Railway Board.

Source: NFIR

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Special benefits in cases of death and disability in service – 7th Central Pay Commission

Special benefits in cases of death and disability in service – Revision of Disability Pension/Family pension under CCS(EOP)Rules of Pre-2016 disability pensioners/ Family Pensioners in implementation of recommendations of 7th CPC – regarding.

 

No.1/4/2016-P&PW (F)
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Pension & Pensioners’ Welfare

3rd Floor, Lok Nayak Bhavan,
Khan Market, New Delhi-11 0003.
Dated the 12th October, 2017.

OFFICE MEMORANDUM

 

Subject: Special benefits in cases of death and disability in service – Revision of Disability Pension/Family pension under CCS(EOP)Rules of Pre-2016 disability pensioners/ Family Pensioners in implementation of recommendations of 7th Central Pay Commission – regarding.

 

The undersigned is directed to say that orders were issued vide D/o. P&PW’s OM No.38/37/2016-P&P&W(A)(ii) dated 04.08.2016 for revision of pension/family pension of pre 2016 pensioners/family pensioners, including those drawing pension/family pension under CCS(EOP) Rules. In terms of the aforesaid OM, the revised disability pension/family pension under CCS(EOP) w.e.f. 01.01.2016 was required to be determined by multiplying the disability pension/family pension, as had been fixed at the time of implementation of the 6th Central Pay Commission recommendations, by 2.57.

 

2. Subsequently, vide this Department’s OM No.38/37/2016-P&PW(A) dated 11th May, 2017, it was decided that the revised pension/family pension w.e.f 01.01.2016 in respect of all Central civil pensioners/family pensioners, including CAPF’s who retired/died prior to 01.01.2016 and drawing pension/family pension under CCS(Pension) Rules may be revised by notionally fixing their pay in the pay matrix recommended by 7thCPC in the level corresponding to the pay in the pay scale/pay band and grade pay at which they retired/died. This will be done by notional pay fixation under each intervening Pay Commission based on the Formula for revision of pay. While fixing pay on notional basis, the pay fixation formulae approved by the Government and other relevant instructions on the subject in force at the relevant time shall be strictly followed.

 

3. The question of revision of disability pension/family pension under CCS(EOP)Rules by pay fixation method has been considered by the Government. It has been decided that the disability pension/family pension under CCS(EOP)Rules will also be revised by notionally fixing the pay in the pay matrix recommended by the 7th CPC in the aforesaid manner. Accordingly, disability pension/family pension under CCS(EOP)Rwles w.eJ. 01.01.2016 will be revised in the following manner:-

 

I. Family Pension for Categories B & C

(a) Where the deceased Government servant was not holding a pensionable post: 40% of notional pay as on 01.01.2016 subject to a minimum of Rs.11 ,700/- per month.

(b) Where the deceased Government servant was holding a pensionable post: 60% of notional pay as on 01.01.2016 subject to a minimum of Rs.18,000/- per month.

 

In case where the widow dies or remarries, the children shall be paid family pension at the rates mentioned at (a) or (b) above, as applicable, and the same rate shall also apply to fatherless/motherless children. In both cases, family pension shall be paid to children for the period during which they would have been eligible for family pension under the CCS (Pension) Rules.
Dependent parents/brothers/sisters etc. shall be paid family pension one-half the rate applicable to widows/fatherless or motherless children.

 

II. Family Pension under Categories D & E

(a) Family pension to the widow shall be equal to the notional pay as on 01.01.2016

(b) If the Government servant is not survived by his widow but is survived by child/children only, all children together shall be eligible for family pension at the rate of 60% of the notional pay as on 01.01.2016 subject to a minimum of Rs. 18,000/-

(c) If the Government servant died as a bachelor or as a widower without children, family pension will be admissible to parents without reference to pecuniary circumstances, at the rate of 75% of the notional pay as on 01.01.2016, if both parents are alive, and at the rate of 60% if only one of them is alive.

 

III. Disability Pension for Categories B & C

(a) Disability pension would comprise of a service element equal to 50% of the notional pay as on 01.01.2016 plus disability element equal to 30% of the same notional pay, for 100% disability.

(b) For disability less than 100%, disability element shall be reduced proportionately subject to the provisions of Rule 8 of CCS(EOP)Rules and subject to minimum disability pension of Rs. 18,000/- per month.

 

IV. Disability Pension for category D:

(a)Disability pension would comprise of a service element equal to 50% of the notional pay as on 01.01.2016 and disability element equal in amount to normal family pension

(b) For lower percentage of the disability, the disability pension would be proportionately lower subject to the provisions of Rule 8 of CCS(EOP)Rules and subject to a minimum disability pension of Rs.18,000/- per month.

 

V. Disability Pension for Cases under Category E

(a) Disability pension would comprise of a service element equal to 50% of the notional pay as on 01.01.2016 and disability element equal to the same notional pay as on 01.01.2016 for 100% disability.

(b) For lower percentage of the disability, the disability element shall be proportionately lower subject to the provisions of Rule 8 of CCS(EOP)Rules.

 

4. It has also been decided that the higher of the two formulations, ie. the disability pension/family pension under CCS(EOP) Rules already revised in accordance with this Department’s OM No.38/37/2008-P&PW(A)(ii) dated 4.8.2016 or revised disability pension/family pension under CCS(EOP)Rules worked out in accordance with para 3 above, shall be granted to pre 2016 disability pensioners/family pensioners under CCS(EOP)Rules w.e.f. 01.01.2016. In cases, where disability pension/family pension being paid w.e.f. 01.01.2016 in accordance with this Department’s OM No.38/37/2008-P&PW(A)(ii) dated 4.8.2016 happens to be more than the disability pension/family pension as worked out in accordance with para 3 above, the disability pension/family pension already being paid shall be treated as revised disability pension/family pension under CCS(EOP)Rules with effect from 01.01.2016.

 

5. The limit of maximum pension and family pension under para 8 of Department of Pension and Pensioners’ Welfare OM dated 12.05.2017 would not be applicable for disability pension under CCS(EOP)Rules.

 

6. All other terms and conditions of OM No.38/37/2016-P&PW(A) dated 1ih May 2017, in so far as they are relevant in the case of disability pension and family pension under CCS(EOP)Rules would also be applicable for revision of disability pension and family pension under CCS(EOP) Rules with effect from 01.01.2016.

 

7. These orders shall apply to all pensioners/family pensioners who were drawing disability pension/family pension before 1.1.2016 under the CCS (EOP) Rules or the corresponding rules applicable to Railway pensioners and pensioners of All India Services and will also be applicable to those pensioners/family pensioners who were granted disability pension/family pension in terms of this Department’s OM No.38/41/06/-P&PW(A) dated 05.05.2009 on death/disability of Government Servant covered by the National Pension System.

 

8. This issues with the concurrence of Ministry of Finance, Department of Expenditure, vide their ID No.1 (11)/EV/2017 dated 11.09.2017

 

9. In so far as persons belonging to the Indian Audit & Accounts Department, these orders issue after consultation with the Comptroller & Auditor General of India.

 

10. All Ministries/Departments are requested to bring the contents of these orders to the notice of Controller of Accounts/Pay and Accounts Officers and Attached and subordinate Offices under them on a top priority basis. All pension disbursing officers are also advised to prominently display these orders on their notice boards for the benefits of disability pensioners/family pensioners.

 

11. Hindi version will follow.

(Sujasha Choudhury)
Director

Authority:http://www.pensionersportal.gov.in/

Be the first to comment - What do you think?  Posted by admin - October 13, 2017 at 10:09 pm

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Conference on NPS for Central Public Sector Enterprises organised in the national capital by PFRDA to facilitate the CPSEs to implement NPS

Conference on NPS for Central Public Sector Enterprises organised in the national capital by PFRDA to facilitate the CPSEs to implement NPS for their employees; To expand NPS across all the sectors in the country in affordable and sustainable manner;

To promote financial literacy to enable the subscribers to reap the benefits of choices of investment products and digitization to deepen the reach.

Pension Fund Regulatory and Development Authority (PFRDA) organised a conference on National Pension System (NPS) for Central Public Sector Enterprises (CPSEs) at the India Habitat Centre (IHC), New Delhi with the objective of informing CPSEs benefits and features of NPS and of addressing their queries on NPS. Based on the recommendation of the 3rd Pay Revision Committee, the Department of PSE notified dispensing with the condition of minimum 15 years of service and superannuation from CPSEs to avail the pension benefit implemented by CPSEs. Separately, the Government has also amended the Income Tax Act providing for tax free migration of superannuation funds to NPS. This provision will facilitate the CPSEs to implement NPS for their employees. The total employee strength in CPSEs stood at 12.91 lakh (excluding contract workers) in 2014-15. The Conference saw an active participation of more than 55 CPSEs with around 150 participants.

In his Inaugural Address, Dr. Badri S. Bhandari, Whole Time Member, PFRDA welcomed the participants and expressed the endeavor of PFRDA to expand NPS across all the sectors in the country in affordable and sustainable manner. He explained the benefits of NPS and communicated the returns generated by Pension Funds since inception, which has been over 10% since inception. As on 30th September, 2017, there were 1.78 crore subscribers and Rs.2.06 lakh crore of AUM under NPS. The growth in subscribers and the asset under management jump stood at 27% and 47%, respectively.

Shri Hemant G. Contractor, Chairman, PFRDA, delivered the Keynote Address on the origin of NPS. The need for fiscal sustainability led to the shift from defined benefit model to defined contribution model of pension scheme and this shift has necessitated empowering subscribers with financial literacy as they have a better understanding of where and how their funds are invested. He advised that NPS provides choices to subscribers in the matter of choosing their fund manager, investment pattern etc. Individuals can now subscribe to NPS upto the age of 65 years and can defer the purchase of annuity to three more years post retirement and defer lump-sum withdrawal in phased manner over a period of 10 years.

Shri Sanjay Gupta, CMD, Konkan Railway Corporation Ltd emphasized on the need of starting early and avail the compounding benefit on investments to have old age income security. He appreciated the various investment options available to the subscribers under NPS.

The event was graced by the eminent panellist- Shri Anand Singh Bhal, (Adviser, Department of Public Enterprises), Shri Kumar Shardindu, (MD & CEO, SBI Pension Funds Pvt. Ltd) and Shri Rambir Dalal, (Director, BSR & Co LLP). The discussion brought to fore the imminent need of financial literacy to enable the subscribers reap the benefits of choices of investment products and digitization to deepen the reach. Factors like rising longevity, disintegrating joint families and rising aspirations necessitate investment in pension schemes for old age security.

The conference also hosted presentations on features and benefits of NPS, on system capabilities and operational processes for implementation of NPS, and on the NPS implementation in NALCO. Presently, 5 CPSEs have joined NPS- National Aluminium Company Limited, Konkan Railway Corporation Limited, India Infrastructure Finance Company Limited, National Handloom Development Corporation Ltd, REC Ltd and ITPO.

PIB

Be the first to comment - What do you think?  Posted by admin - October 10, 2017 at 4:46 pm

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Simplification of pension payment procedure for first payment

Simplification of Pension payment procedure for first payment: CGDA’s Instructions

Office of the Controller General of Defence Accounts
Ulan Batar Road, Palam, Delhi Cantt-110 010
AT/II/Misc-VIII

Dated: 22 Sep 2017

To,
All PCsDA/CsDA
All CsFA (Fys)/PCA (Fys)
(Through CGDA website)

Subject: Simplification of Pension payment procedure for first payment.

Please find enclosed HQrs office letter No. 5169 /AT-P/Vol-XII dated 12.09.2017 addressed to PCDA (P) Allahabad on the subject issue for your necessary action.

2. It is requested to examine the contents of the ibid letter and comments thereon may be furnished to HQrs office through return FAX/e-mail by 26th Sep 2017 positively for better appreciation of the case.

(Ashish Yadav)
Sr. ACGDA

O/O THE CONTROMR GENERAL OE DEFENCE ACCOUNTS
ULAN BATAR ROAD, PALAM, DELHI CANT: 10

No. AT/I/1225/III

Dated: 15/09/2017

To
The PCDA(O)
Pune.

Subject: Simplification of Pension payment procedure for first payment.

Please find enclosed HQrs office letter bearing No. 5169 / AT-P/ Vol-XII dated 12/09/2017 addressed to PCDA(P) Allahabad and copy endorsed to PCDA by name on the subject issue for necessary action please.

2. It is requested to examine the contents of the ibid letter and comments thereon may be furnished to this HQrs office through FAX / e-mail at the earliest for better apprication of the case.

Encl:- As above.

(V K PUROHIT)
For CGDA

Office of the Controller General of Defence Accounts,
Ulan Batar Road, Palam, Delhi Cantt – 110010
Phone: (011) 25665545, 25665575, 76, 78
Fax: (011) 25674813, 25674831

No. 5169/AT-P/Vol-XII

Dated: 12.09.2017

To,
Shri Praveen Kumar, IDAS
Pr. Controller
PCDA (Pension) Allahabad

Sub: Simplification of pension payment procedure for first payment.

Ref: PCDA (P) Allahabad letter No. AT/Tech/70/XXV dated 11.08.2017.

The comments received under above cited letter have been examined in this HQrs CGDA Office. Initiation of first payment without physical presence of pensioners is essential to ensure implementation of orders issued by DOP&PW/MoD and circulated vide PCDA (P) Allahabad Circular No. 132 and 546 and also in the proposed CPDA scenario. In view of the procedure being followed by Civil Ministries for processing, calculating, making payments and also revising Retirement/ Death gratuity and CVP (in case payment not opted through bank) could also be adopted for Commissioned Officer, PBORs and Defence Civilians.

2. It is intimated that in case of Civil Ministries, the H.O.O. (through PAOs) are responsible for release of lump-sum payment following the date of retirement under intimation to CPAO (details also available on website of CPAO). Hence, PCDA (O)/AFCAO/NPO in case of Commissioned Officers, Record Offices/PAOs for JCOs/ORs and HOOs/AOs for Defence Civilians could be assigned the responsibility who will release these payments after retirement. This will only change the procedure/agency for payment of lump-sum pensionary benefits. The claim initiating agency shall reflect the amount worked out on account of Gratuity/CVP in the claim submitted to PSA. The receiving lump sum payments but also being uniformity in the procedures presently being followed by other Civil Ministries.

3. IT is, Therefore, requested that matter may please be examined and views on the above proposal may please be forwarded positively by 27th September’ 2017 for taking final decision in The matter.

(Kanwaldeep Singh)
Jt. CGDA (Pension)

Copy To:
1. Shri M.A. Lincoln, IDAS, Pr. Controller PCDA (Navy) Mumbai …For information and similar necessary action as requested above.
2. Shri Mohinder Singh, IDAS, Controller CDA (AF)n New Delhi …For information and similar necessary action as requested above.
3. Shri Puskal Upadhyay, IDASm Jt.CGDA (P&W) …For information. The above proposal may
please be examined and comments on the same may be provided for taking a decision on the matter.

(Kanwaldeep Singh)
Jt. CGDA (Pension)

pension payment procedure

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Dr Jitendra Singh to inaugurate first Pension Adalat tomorrow

Dr Jitendra Singh to inaugurate first ‘Pension Adalat’ tomorrow

Pensioners for outstanding contribution towards ‘Anubhav’ to be awarded

Mobile App to avail the services of Pensioners’ Portal also to be launched

The Union Minister of State (Independent Charge) Development of North-Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh will inaugurate the first ‘Pension Adalat’ here tomorrow. He will also award the Pensioners for their outstanding contribution towards ‘Anubhav’ – a platform for retiring employees for sharing their experience of working with Government. Moving ahead from e-governance to m-governance, a Mobile App has been created to avail the services of Pensioners’ Portal which will also be launched by Dr Jitendra Singh tomorrow. As a measure of welfare to the pensioners of Government of India, a workshop on Pre-Retirement Counseling (PRC) of 300 retiring Central Government employees is also scheduled to be held. The event is being organized by Department of Pension & Pensioners’ Welfare, Ministry of Personnel, Public Grievances and Pensions, Government of India.

The objective of this workshop is to create awareness about the post-retirement entitlements as well as an advance planning for life after retirement. There will be four interactive sessions which will cover inter-alia, the road map to retirement, medical facilities for pensioners, re-engagement of retired people for voluntary social activities under ‘Sankalp’. There will be another session on Income Tax and other benefits for senior citizens as well as investment and financial planning for retired people and the Importance of writing a Will.

The Pension Department in this programme will launch the first of a series of Pension Adalats which is being convened with the objective of bringing on a common table the aggrieved pensioner, the concerned department, the bank or CGHS representative, wherever relevant, so that such cases can be settled across the table within the framework of extant rules.

The Mobile App to be launched tomorrow will be extending all the services meant for the pensioner, which are currently available on the Pensioners’ Portal of the department, to the mobile handset. With this App, a superannuating Central Government official will be able to monitor the progress of his pension settlement, and retired officials will be able to self-assess their pension through the pension calculator and will also be able to register their grievances, if any, and get updates on orders issued by the Department.

The ANUBHAV AWARDS 2017 will be presented to 17 pensioners for their contribution towards creating institutional memory for the departments. Anubhav scheme had been instituted on the call of Prime Minister Shri Narendra Modi to encourage retiring/retired employees to submit their experiences while working in the government with the objective to create an institutional wealth for the government for future governance as well as to enthuse and inspire the future generations of government officials in their respective assignments.

PIB

Be the first to comment - What do you think?  Posted by admin - September 19, 2017 at 1:37 pm

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Conference on Portability from Superannuation and Recognized Provident Funds to National Pension System (NPS)

Conference on Portability from Superannuation and Recognized Provident Funds to National Pension System (NPS); NPS has more than 1.71 crore subscribers with total Asset under Management (AUM) of more than Rs. 2.04 lakh crores.

A Conference on Portability from Superannuation and recognized Provident Funds to National Pension System (NPS) was organized by the Pension Fund Regulatory and Development Authority (PFRDA) in coordination with Willis Towers Watson in national capital. The Prime objective of the Conference was to provide a knowledge base platform to the Corporate by providing solutions to address the issues / challenges of portability of superannuation funds to NPS.

160 participants comprising Corporate, Points of Presence (POPs), Pension Funds, Central Record Keeping Agencies (CRAs) participated in the Conference.

Dr. B. S. Bhandari, Whole Time Member (Economics), PFRDA, highlighted the need to expand the coverage of NPS in an efficient and sustainable way. He asserted the fact that there are more employees in the Corporate – Private sector than in the government sector and hence there is a great potential for NPS in the corporate sector. PFRDA has been constantly engaging with its stake holders in the NPS and has been working with industry associations for promotion of NPS in the Corporate – Private sector. To make NPS entry easy and the interface user friendly, various modifications have been carried out in the product.

Shri Rohit Jain, Head, Willis Towers Watson (India), speaking on the occasion, told that the average life expectancy of persons in India has risen and hence there is a greater need for a retirement / pension product for all. Traditional pension products cover only 30% of the population. In this changing scenario there is a latent demand for product like NPS as there is no universal pension product.

Shri Hemant Contractor, Chairman, PFRDA in his key note address, informed that, earlier, people used to retire from the same job not only in the government sector but also in private sector. With opening up of economy people started getting more job opportunities switching jobs suitable to their skills and talents. Job switching has become more frequent and people seek more controls on their finances, when they start moving jobs and place from one to another. The concept of portability came in and people started thinking about having better control on their retirement savings.

Defined Benefit Pension schemes, which were predominant, became unsustainable not only for the government sector but also for the private sector because of various factors. A Defined Contribution scheme was therefore launched in 2004 which was initially only for Central Government employees, but which was later extended to State Government employees and later to the private sector. This scheme is the National Pension System (NPS), which is regulated by PFRDA.

NPS addressed the concerns of subscribers relating to portability and freedom of choice, and gradually started to pick up momentum in the private sector. The other features of NPS, namely, low cost, attractive returns, transparency, flexibility and domain expertise in each area of pension activity were the other factors which appealed to the private sector. Innovations and changes are made from time to time in the NPS product and processes, some recent examples being, introduction of two new life cycle funds, inclusion of alternative assets in investment portfolio, online entry and exit etc.

The entry age to NPS is now proposed to be increased to 65 years from 60 years and there is an option to continue up to age of 70 years.

The Chairman also mentioned that NPS should also be explored, as an additional retirement benefit, for corporates where superannuation funds are not available and employees are covered only under the mandatory EPFO schemes.

He highlighted the growth of 47% in AUM and 26% in number of subscribers in the last financial year (2016-17). He also made a reference to Atal Pension Yojana, the pension platform available for unorganized segment through Government of India / PFRDA and its year on year growth indicating the underlying demand for pension products in India.

During the conference, a panel discussion comprising industry experts such as Willis Towers Watson, HDFC Pension Funds, Siemens Limited, Vedanta Group and NSDL e-Governance Infrastructure Limited eyeing the opportunities, addressing the challenges / issues and preparation of necessary guidelines on superannuation funds and NPS portability was conducted.

In the second half, a Conference for Point of Presence (PoPs), the distribution channel for NPS, was conducted.

Shri Hemant Contractor, Chairman, PFRDA, in his keynote address stressed on the need for robust distribution of the NPS through the current distribution network being managed by POPs which are Banks and other financial institutions. He also laid emphasis on the fact that, the key to last mile connectivity is increased distribution network by the POPs by registration and activation of more branches and through awareness campaigns. He informed that PFRDA has empanelled IL&FS Skill Development Corporation Limited as its training agency to impart training on NPS to POPs and Corporate and urged the POPs to utilise the services of the Training Agency for training of their staff member on NPS.

During this conference, awards were distributed to the POPs, for their performance in FY 2016-17 under various categories.

Currently, NPS has more than 1.71 crore subscribers with total Asset under Management (AUM) of more than Rs. 2.04 lakh crores.

PIB

Be the first to comment - What do you think?  Posted by admin - September 15, 2017 at 5:33 pm

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Implementation of Government’s decision on the recommendation of the 7th Central Pay Commission – Revision of pension of pre-2016 pensioners / family pensioners etc

7th CPC –  Revision of pension of pre-2016 pensioners / family pensioners etc for AIS Officers: DOPT Order

7thCPC-DOPT-ORDER-AIS Officers

No. 14021/4/2016-AIS-II

Government of India
Ministry of Personnel, Public Grievance and Pensions
Department of Personnel & Training

North Block, New Delhi
dated 11th September, 2017

OFFICE MEMORANDUM

Subject: Implementation of Government’s decision on the recommendation of the Seventh Central Pay Commission – Revision of pension of pre-2016 pensioners / family pensioners etc – reg.

The undersigned is directed to refer to this Department’s letter of even number dated 19th May 2017 vide which the instructions dated 12th May 2017 relating to revision of pension of pre-2016 pensioners issued by Department of Pension and Pensioner’s Welfare in the context of implementation of VII CPC recommendations, were extended to All India Service (AIS) Pensioners. The said letter dated 19th May 2017 was also sent to all Ministries / Departments of Government of India (copy enclosed).

2.Many retired AIS Officers who are drawing pension from the Central Government, have since voiced grievances at various levels, stating that pension revision in pursuance of the order dated 19th May 2017 has not taken place so far.

3.It is observed in this regard that CPAO, with the approval of the Controller General of Accounts, have issued instructions on 25th May 2017 to Pr. Chief Controller of Accounts / Chief Controller of Accounts etc. about the modalities to be followed for expeditious implementation of the instructions dated 12th May 2017 of the D/o Pension & PW. Joint Secretary (Admn) / Admin in charge of Ministries / Departments have also been requested by CPAO to instruct their Head of Offices (HOOs) to start immediately sending the revised pension cases to the PAOs on the basis of records available with them and monitor the progress in this regard. Further follow up instructions have also been issued by CPAO on 7 th July 2017.

4.In view of the hardships being encountered by retired AIS Officers vis-a-vis revision of their pensions, all Ministries / Departments are requested to take necessary action for effective and expeditious implementation of the instructions dated 19th May 2017 pertaining to revision of pension of AIS Officers read with D/o Pension and PW instructions dated 12th May 2017.

S/d,
(Rajesh Kumar Yadav)
Under Secretary to the Govt. of India


No.38/37/2016-P&PW(A)

Dated :12.05.2017

Age of pensioner/family pensioner Additional quantum of pension
From 80 years to less than 85 years 20% of revised basic pension/ family pension
From 85 years to less than 90 years 30% of revised basic pension / family pension
From 90 years to less than 95 years 40% of revised basic pension / family pension
From 95 years to less than 100 years 50% of revised basic pension / family pension
100 years or more 100% of revised basic pension / family pension

The amount of additional pension will be shown distinctly in the pension payment order.

(Reference Para 16 of OM No. 38/37/2016-P&PW(A) Dated 12th May,2017.)

S.No Description 1 stcase  2ndCase 3rdCase 4thCase
1. Date of Retirement 31.12.1984 31 01.1989 30-06.1999 31.05.2015
2.

Scale of Pay (or Pay Band & G.P.) at the time of retirement OR Notional pay scale as on 1.1.1986 for those retired before 1.1.1986

975-1660(4th CPC Scale) 3000-4500(4th CPC Scale) 4000-6000(5th CPC Scale) 6700049000(6th CPC Scale)
3. Pay on retirement OR Notional pay as on 1.1.1986 for those retired before 1.1.1986 1210 4000 4800 79000
4. Pension  as on 01.01.2016 before revision 4191 12600 5424 39500
5. Family pension as on 01.01.2016 before revision 3500 7560 3500 23700
6.

Family pension at enhanced
rate as on 01.01.2016
before revision (if applicable)
NA N.A. NA 39500
7. Revised pension by multiplying pre-revised
pension by 2.57
10771 32382 13940 101515
8. Revised family pension by multiplying pre-revised family pension by 2.57 9000 19430 9000 60909
Revised family pension at enhanced rate by multiplying pre-revised enhanced family pension by 2.57 NA NA N.A. 101515
10. Pay fixed on notional basis on 1.1.1996 3710(3200-4900) 11300(10000-15200) N.A. NA
11. Pay fixed on notional basis on 1.1.2006 8910(PB-I, GP 2000) 27620(PB-3, GP 6600) 11330(PB-1, GP-2400) NA
12. Pay fixed on notional basis on 1.1.2016 23100 (Level 3) 7 800 (Level-11) 29600 (Leval-4) 205100 (Level-15)
13. Revised pension w.e.f. 1.1.2016 as per first formulation. 11550 35900 14800 102550
14. Revised family pension w.e.f. 1.1.2016 as per first formulation. 9000 21540 9000 61530
15. Revised family pension at enhanced rate w.e.f. 1.1,2016 as per first formulation. NA N.A. N.A. 102550
16. Revised pension payable (Higher of S. No. 7 and 13) 11550 35900 14800 102550
17. Revised family pension payable (Higher of S.No. 8 and 14) 9000 21540 9000 61530
18. Revised family pension at enhanced rate payable (Higher of S.No. 9 and 15) NA N.A. N.A. 102550

Source: DoPT Download PDF

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7th Pay Commission for Defence Pensioners calculation example for Major

7th Pay Commission for Defence Pensioners calculation example for Major.

S.
No
Description 1st Case
1 Date of Retirement 26.05.1976
2 Rank Major
3 Qualifying Service 30/06/01
4 Scale of Pay (or Pay Band & G.P) at the time of Retirement OR Notional Pay scale as on 1.1.1986. for those retired before 1.1.1986 2300-100-3900-150-5100 Rank Pay – 1000
5 Pay on retirement OR Notional pay as on 1.1.1986 for those retired before 1.1.1986 3400 (Basic Pay) + 600 (Rank Pay) 4000
6 Pension as on 01.01.2016 before revision 23815
7 Family Pension as on 01.01.2015 before revision 14289
8 Family pension at enhanced rate as on 01.01.2016 before revision (if applicable) NA
9 Revised pension by multiplying pre-revised pension by 2.57 61205
10 Revised family pension by multiplying pre-revised family pension by 2.57 36723
11 Revised family pension at enhanced rate by multiplying pre-revised enhanced family pension by 2.57 NA
12 Pay fixed on notional basis on 1.1.1996 11600 (Basic Pay) + 1200 (Rank Pay) 12800
13 Pay fixed on notional basis on 1.1.2006 23810 (PIPB) + 6600 (Gr.Pay) + 6000 (MSP) Rs. 36410
14 Pay fixed on notional basis on 1.1.2016 80400 (PIPM)+15500(MSP) 95900
15 Revised pension w.e.f. 1.1.2016 as per first formulation 47950
16 Revised family pension w.e.f. 1.2016 as per first formulation 28770
17 Revised family pension at enhanced rate w.e.f. 1.1.2016 as oer first formulation NA
18 Revised pension payable (Higher of S.No.9 and 15 61205
19 Revised family pension payable (Higher of S.No. 10 and 16) 36723
20 Revised family pension at enhanced rate payable (Higher of S.No. 11 and 17) NA

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Contribution for Life Time CGHS Card for Pensioners

Contribution for Life Time CGHS Card for Pensioners

LIFE TIME CARD : CGHS Card for Central Government Pensioners – Contribution as above depending on the Last grade pay at the time of retirement. Choice is with the individual. One can apply for Life time card by paying 10 years contribution together or one can apply for one year, two years etc. by paying for that applicable period.

The Plastic Cards (which are identity cards), would hereinafter be issued with validity till the pensioner beneficiary is entitled for CGHS benefits. In respect of pensioner CGHS beneficiaries, who have paid CGHS contribution for ‘Rest of Life’ CGHS facilities, the Plastic Cards would, hereinafter, be issued for ‘Rest of Life’.

The ownership of CGHS Card can be transferred in the name of spouse on submission of required documents.

No extra payment to be made, in case of life time cards.

However in other cases one has to pay 10 years subscription for life time card For example, if the spouse had contributed for seven years before he expired , balance payment for the remaining three years is to be paid for a life time card.

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Grant of Fixed Medical Allowance (FMA) to the Armed Forces Pensioner/Family Pensions – Order 29.08.2017

Grant of Fixed Medical Allowance (FMA) to the Armed Forces Pensioner/Family Pensions – Order 29.08.2017

No.1(10)/2009-D(Pen/Policy)
Government of India
Ministry of Defence
Department of Ex-servicemen Welfare

New Delhi-110011
Dated: 29th August 2017

To
The Chief of the Army Staff
The Chief of the Naval Staff
The Chief of the Air Staff

SUB: GRANT OF FIXED MEDICAL ALLOWANCE (FMA) TO THE ARMED FORCES PENSIONERS/FAMILY PENSIONERS IN SUCH CASES WHERE DATE OF RETIREMENT IS PRIOR TO 1.4.2003 AND WHO HAD OPTED NOT TO AVAIL MEDICAL FACILITIES AT OPD OF ARMED FORCES HOSPITALS/MI ROOMS AND ARE NOT MEMBERS OF ECHS.

Sir,

The undersigned is directed to refer to the Govt. of India, Ministry of Defence letter No.1(1)/98/D(Pen/Sers) dated 15th June 1998 and letter No. 1(10)/09-D(Pen/Policy) dated 12th January 2011 & No. 1(10)/2009-D(Pen/Policy) dated 5th May 2015 regarding grant of Fixed Medical Allowance (FMA) of Rs.500/- pm. with effect from 19.11.2014 to Armed Forces Pensioners/Family’ Pensioners for meeting expenditure on day to day medical expenses that do not require hospitalization unless the individual had opted for OPD treatment in Armed Forces Hospitals/ M.I. Rooms and convey the sanction of the President for enhancement of the amount of FMA from Rs. 500/- to Rs. 1000/-per month. The other conditions for grant of FMA shall continue to be in force.

2. Ex-Servicemen who retired on or after 01 Apr 2003 have to-become member of ECHS Compulsorily and are not eligible to draw Fixed Medical Allowance. These orders applicable only in such cases, where the date of retirement is prior to 1.4.2003 and who had opted not to avail medical facilities at OPD of Armed Forces Hospitals/ MI rooms and are not members of ECHS.

3. These orders will take effect from 01.07.2017.

4. All other conditions as laid down in Government of India letter No. 1(1)/98-D(Pen/Sers) dated 15th June 1998 will continue to apply.

5. This issue with the concurrence of Ministry of Defence(Finance/Pension) vide their ID No. 32(9)/2010/Fin/Pen dated 16 August 2017.

6. Hindi version will follow.

Yours faithfully
sd/-

(Manoj Sinha)
Under Secretary to the Government of India

Authority: http://www.desw.gov.in/

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Atal Pension Yojana surges ahead with 62 lacs enrolment

Atal Pension Yojana surges ahead with 62 lacs enrolment

A total of 3.07 lac APY accounts have been sourced under One Nation One Pension. The stellar performance of the banks under the campaign includes some of the largest banks in the country namely, State Bank of India sourcing a stupendous 51,000 APY accounts and other prominent banks like Canara Bank which has sourced 32,306 APY accounts, Andhra Bank at 29,057 APY accounts, in other private banks category, Karnataka Bank at 2641 APY accounts, in RRB’s category, Allahabad UP Gramin Bank at 28,609 accounts followed by Madhya Bihar Gramin Bank at 5,056 APY accounts , Baroda Uttar Pradesh Gramin Bank at 3,013 APY accounts, Kashi Gomti Samyut Gramin Bank at 2,847 APY accounts & Punjab Gramin Bank at 2,194 APY accounts.

At a time when the interest rate on various financial instruments including Savings Bank is declining, Atal Pension Yojana as a pension scheme offers a guaranteed rate of 8% assured return for the subscribers and also the opportunity of higher earnings in case the rate of return is higher than 8% at the time of maturity, after staying invested in the scheme for 20-42 years. Increasing enrolment is attributed to financialisation of assets and driving the people to pension products which has Govt of India implicit guarantee to give an assured pension to the subscriber, spouse and return of corpus to the nominee.

Department of Financial Services in association with Pension Fund Regulatory and Development Authority (PFRDA) has been organizing various APY campaigns to give thrust through which the population not covered by any pension scheme is approached by APY Service Provider banks and Department of Posts to inform about the salient features and benefits of the APY scheme and are encouraged to get enrolled in the scheme. PFRDA organised a National Level Pension Mobilization Campaign ” One Nation One Pension” from 2nd August to 19th August 2017 in association with the APY Service Provider Banks all over the country. 62 lacs subscribers have become members of the Atal Pension Yojana till date in 2 years after launch of the scheme.

The objective of PFRDA is to cover the maximum possible population uncovered by any pension scheme under the APY scheme so that India as a nation can move from a pension less to a pensioned society and the citizens can live a life of dignity in their vulnerable years.

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Central Government Pensioners: Appeal for restoration of Option 1 recommended by 7th Central Pay Commission for Revision of Pension of Pre-2016 Pensioners

RSCWS

Central Government Pensioners: Appeal for restoration of Option 1 recommended by 7th Central Pay Commission for Revision of Pension of Pre-2016 Pensioners

7th CPC  :  Appeal for restoration of option 1  for Revision of Pension of Pre-2016 Pensioners

No. RSCWS/ HO / 7th CPC/2017-16

Dated: 23rd August, 2017

Shri Narindera Modi, Hon. Prime Minister India, 152, South Block, New Delhi-110001
Shri Arun Jaitley, Hon. Minister of Finance, Govt. of India, North Block, New Delhi-110001
Shri Jitendra Singh, Hon. MOS Personnel, PG & Pension, GOI, North Block, New Delhi-110001

Dear Sir,

Subject: Appeal for restoration of Option 1 recommended by 7th Central Pay Commission for Revision of Pension of Pre-2016 Pensioners – For Parity of Pension between Pre & Post-2016 Central Government Pensioners

Reference: i) DOP&PW OM No.38/37/2016-P&PW(A) dated 12th May, 2017 & 6th July, 2017 ii) Para 10.1.67 of 7th CPC Report for grant of Parity of Pension of Pre & Post Seventh CPC Pensioners

1. We draw your kind attention to the sad plight of large majority of Central Government Pensioners – especially the Pre-2006 Pensioners and more so the Pre-1996 Pensioners, who will suffer a major financial loss in fixation of their Revised Pension on account of an unjust decision on implementation of 7th CPC Report vide DOP&PW OM dated 12-5-2017 cited above.

2. The Seventh Central Pay Commission (CPC) in Para 10.1.67 & 10.1.68 of its Report had for the first time conceded the long pending demand of the Central Government Pensioners for Parity of Pension between the Pre and Post CPC Pensioners and had recommended the following pension formulation for civil employees including CAPF personnel who had retired before 01.01.2016:

i) All the Civilian personnel including CAPF who retired prior to 01.01.2016 (expected date of implementation of the Seventh CPC recommendations) shall first be fixed in the Pay Matrix being recommended by this Commission, on the basis of the Pay Band and Grade Pay at which they retired, at the minimum of the corresponding level in the matrix. This amount shall be raised, to arrive at the notional pay of the retiree, by adding the number of increments he/she had earned in that level while in service, at the rate of three percent. Fifty percent of the total amount so arrived at shall be the revised pension.

ii) The second calculation to be carried out is as follows. The pension, as had been fixed at the time of implementation of the VI CPC recommendations, shall be multiplied by 2.57 to arrive at an alternate value for the revised pension.

iii) Pensioners be given option of choosing whichever formulation is beneficial to them.

3. Option 1, cited above, was very much feasible to implement as recommended by 7th CPC for revision of Pension of old Pension since according to the survey conducted by the DOP&PW, it was accepted that the Service Records of over 80% of old Pensioners were available, while those of the others could be re-built as per procedure prescribed in the Rules and as was done after 5th & 6th CPC and as per orders of the Courts in numerous cases.

4. Regrettably, the Committee formed by the Government, to consider the feasibility of implementation of Option 1 recommended by the Seventh CPC, while finding it non-feasible, did not care for the interest of the more than 80% of the Pensioners merely to save the Administration from the botheration of Re-building the Service Records of the rest less than 20% Pensioners. This was a great injustice since the 80% of the Pensioners who’s Records are available, shall suffer a loss of Pension just because of missing records of the rest 20%.

5. Instead, the Government accepted the following formula vide OM Dated 12-5-2017, as recommended by the Committee on Feasibility of Option 1:

“the revised pension/family pension w.e.f. 01.01.2016 in respect of all Central civil pensioners/family pensioners, including CAPF’s, who retired/died prior to 01.01.2016, may be revised by notionally fixing their pay in the pay matrix recommended by the 7th CPC in the level corresponding to the pay in the pay scale/pay band and grade pay at which they retired/died. This will be done by notional pay fixation under each intervening Pay Commission based on the Formula for revision of pay. While fixing pay on notional basis the pay fixation formulae approved by the Government and other relevant instructions on the subject in force at the relevant time shall be strictly followed. 50% of the notional pay as on 01.01.2016 shall be the revised pension and 30% of this notional pay shall be the revised family pension w.e.f. 1.1.2016 as per the first Permutation.”

6. The above said formula will very seriously and adversely affect the Revised pension of a large majority of the Pre-2016 Pensioners on account of following reasons:

a) “Parity of Pension” between Pre and Post-2016 Pensioners – recommended by the Seventh CPC – would be denied to the Pre-2016 Pensioners.

b) In the process of notional pay fixation in successive Pay Commissions, there is a lot of dilution particularly for pensioners who retired in 4th CPC period resulting in big financial loss.

c) Irrespective of the date of retirement, Option 1 would have given the same pension to pre-2016 pensioners depending upon the number of increments earned in the last Level. By denying option 1 there will be sub-groups even within the homogenous group of pre-2016 pensioners.

d) None of the above losses would occur to the Pre-2016 Pensioners if the Option 1 recommended by the 7th CPC is implemented and if the new formula is allowed as a 3rd Option in addition to Option 1 & 2 Recommended by the 7th CPC in the interest of natural justice to all Pre-2016 Pensioners.

2. It is, therefore, requested that the Pension of Pre-2016 Pensioners be fixed at the highest of the 3 Options – including first two Options as recommended by 7th CPC and 3rd Option as accepted by the Government and Notified vide DOP&PW OM Dated 12-5-2017.

Hoping for a favourable consideration & thanking you in anticipation. With kind regards,

Yours faithfully,
S/d,
(Harchandan Singh)

Source : RSCWS

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Additional benefit on death/disability of Government servant covered by New Pension System

Additional benefit on death/disability of Government servant covered by NPS

“It is once again reiterated that the aforesaid instructions may be followed scrupulously and to review all the cases for ensuring the payment of family pension, disability pension and extra-ordinary pension to the NPS subscribers in case of death/disability”

GOVERNMENT OF INDIA (BHARAT SARKAR)
MINISTRY OF RAILWAYS (RAIL MANTRALAYA)
(RAILWAY BOARD)

No.2012/F(E)111/1(1)/4

New Delhi, Dated: 23/08/2017

The GMs/FA & CAOs,
All Zonal Railways/Production Units.

 

Subject: Additional benefit on death/disability of Government servant covered by New Pension System – clarification regarding.

 

Please refer to the instructions issued vide Board’s letters No. 2008/AC-II/21/19, dated 29/05/2009, No.2010/AC-II/21/18 dated 02/07/2013 and 13/07/2010, letters of even number dated 08/09/2014 and 13/01/2016 on the above mentioned subject.

 

2. Now, one of the recognized Federations (NFIR) have again raised the issue of non-compliance of the above instructions by Zonal Railways and reluctance on the part of Railways in providing additional relief to the widows of NPS subscribers/ NPS subscribers who have been declared invalidated. The Federation have also stated that Zonal administrations are not taking initiatives to ensure additional relief in terms DOP&PW’s D.M. dated 05/05/2009 and that they are reluctant in providing additional relief on death and disability of NPS subscribers.

 

3. It is once again reiterated that the aforesaid instructions may be followed scrupulously and to review all the cases for ensuring the payment of family pension, disability pension and extra-ordinary pension to the NPS subscribers in case of death/disability. Further, Zonal Railways are also advised to sensitize the administration at lower level towards the problems faced by the employees and their families.

sd/-
(G.Priya Sudarsani)
Joint Director, Finance (Estt.),
Railway Board.

Authority: http://www.indianrailways.gov.in/

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7th CPC pension Revision: Pensioner Should Enclosed Aadhaar and PAN number With Out Delay

7th CPC pension Revision: Pensioner Should Enclosed Aadhaar  and PAN number With Out Delay

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF EXPENDITURE
CENTRAL PENSION ACCOUNTING OFFICE
TRIKOOT II, BHIKAJI CAMA PLACE,
NEW DELHI-110066
PHONES : 26174596. 26174456, 26174438

CPAO/IT&Tech/Revision (7th CPC)/19.Vol-III(a) / 2017-18/97

Date : 17/08/2017

Office Memorandum

Subject: 7th CPC pension Revision : regarding

A reference is invited to CPAO OM No. CPAO/IT & Tech./Revision (7th CPC)/19.Vol-III/2016-17/37 dt. 25/05/2017 regarding revision of pension under 7th CPC forwarding the prescribed format of SSA for pre-2016 cases to be issued by PAOs.

As per format various financial & non-financial details of the pensioners were required to be provided by the PAOs while revising the pension under 7th CPC such as basic pension, revised pension, last pay drawn, PAN No., Aadhaar No. etc. After issue of this OM various offices raised some doubts regarding essentiality of providing Aadhaar number and PAN number.

In view of the doubts raised, it is clarified that no field in the format is mandatory except those which are required to process the pension case.

Therefore, while it is advisable to provide  of the Pensioners wherever available for better quality of database, no case for 7th CPC pension revisions should be delayed for the want of Aadhaar number and PAN number of the pensioners.

This issues with the approval of the competent authority.

(Md. Shahid Kamal Ansari)
(Asstt. Controller of Accounts)

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Married daughter to get family pension during pendency of divorce case

Married daughter to get family pension during pendency of divorce case

New Delhi: The married daughter of a central government employee, who is no more, will get family pension even during the pendency of a divorce case, the Centre has said.

Existing rules allow divorced daughters to get family pension only if a decree of divorce had been issued by the competent court during the life time of at least one of the parents.

The Ministry of Personnel, Public Grievances and Pensions has recently changed rules to help such women facing divorce cases in court.

The decision comes as the government was receiving grievances from various quarters that the divorce proceedings take years before attaining finality.

There are many cases in which the divorce proceedings of the daughter of a government employee/pensioner had been instituted in the competent court during the life time of one or both of the parents but none of them was alive by the time the decree of divorce was granted by the competent authority, the ministry said.

“The matter has been examined in this department in consultation with Department of Expenditure and it has been decided to grant family pension to a divorced daughter in such cases where the divorce proceedings had been filed in a competent court during the life-time of the employee/pensioner or his/her spouse but divorce took place after their death,” the ministry said.

However, the grant of family pension will be subjected to fulfilment of other eligibility criteria as well, it added.

Family pension is given to a spouse of a dead government servant or to dependent children.

PTI

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Simplification of pension procedure – Papers submitted in time-limit then PPO be handed over before retirement: DoP&PW Order

Simplification of pension procedure – Papers submitted in time-limit then PPO be handed over before retirement: DoP&PW Order

No. 1/27/2011-P&PW (E)
Government of India
Ministry of Personnel, P.G. & Pensions
Department of Pension & Pensioners’ Welfare

3rd Floor, Lok Nayak Bhavan,
Khan Market, New Delhi,
the 1st August, 2017

Office Memorandum

Sub: Simplification of pension procedure (i) Handing over of PPO to the retiring employee by the Head of Office before retirement and

(ii) Submission of undertaking by retiring Government servant along with pension papers – reg.

The undersigned is directed to invite attention to this department’s Office Memorandum of even number, dated 7th May, 2014 (copy available at departmental website), vide which provision had been made that the undertaking to be submitted by the retiring Government servant/pensioner to the pension disbursing bank to refund or make good any amount to which he is not entitled may be obtained by the Head of Office from the retiring Government servant along with Form 5 and other documents before his retirement. This undertaking is forwarded to the pension disbursing bank along with the Pension Payment Order (PPO) by the Accounts Officer/CPAO following the usual procedure. The bank shall credit the pension to the account of the pensioner as soon as this Undertaking is received along with the pension documents.

2. The pensioner is no longer required to visit the bank to activate the first payment of pension. Therefore, after ascertaining that the Bank’s copy has been despatched by the Central Pension Accounting Office, the pensioner’s copy of the PPO is to be handed over to him at the time of retirement along with other retirement dues. This should be feasible in all cases where the Government servant had submitted pension papers within the time-limits prescribed in the Central Civil Services (Pension) Rules, 1972.

3. An employee posted at a location away from the office of the Head of Office or who for any other reasons feels that it would be more convenient to him to obtain his copy of PPO from the bank, may inform the Head of Office of his option in writing while submitting his pension papers.

4. However, in the recent past, many instances have come to the notice of this Department wherein the pensioner’s copy of the PPO had not been handed over to him/her and instead had been sent to the Bank and the same was lost in transit sometimes thereby causing hardship to the pensioner.

5. In view of the foregoing, all Ministries/Departments are once again requested to strictly follow the above procedure henceforth viz., handing over the copy of pensioner PPO to him/her at the time of retirement along with other retirement dues except if the pensioner specifically requests for delivering his/her copy of PPO through bank. Department of Posts and Department of Telecommunications are requested to make suitable amendments to the instructions to the Accounts Officers and pension disbursing Post Offices/Banks to adhere to the above procedure.

(D.K. Solanki)
Under Secretary to the Government of India
Ph: 24644632

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7th CPC: Fixation of Pension

7th CPC: Fixation of Pension

7thCPC-Fixation-Pension

In implementation of Government’s decision on the recommendation of the Seventh Central Pay Commission (7th CPC), orders have been issued vide Department of Pension & Pensioners’ Welfare O.M. No. 38/37/16-P&PW(A) (i) dated 04.08.2016 for revision of provisions regulating pension/gratuity/ commutation of pension/family pension/disability pension/ex-gratia lump-sum compensation, etc. in respect of the employees retiring on or after 01.01.2016.v For revision of pension of pre-2016 civil pensioners, the 7th CPC recommended the following two formulations:

(i) Notional Pay of employees who retired prior to 01.01.2016 may be fixed in the Pay Matrix on the basis of the Pay Band and Grade Pay at which they retired, by adding the number of increments he/ she had earned in that level while in service, to the minimum of the corresponding level in the matrix. Fifty percent of the total amount so arrived at shall be the revised pension.

(ii) The pension, as had been fixed at the time of implementation of the 6th CPC recommendations, may be multiplied by 2.57 to arrive at an alternate value for the revised pension.

7th CPC recommended that the pensioners may be given the option of choosing the formulation which is more beneficial to them. Orders were issued for revision of pension as per Formulation (ii) above vide Department of Pension & Pensioners’ Welfare O.M. No. 38/37/16-P&PW(A) (ii) dated 04.08.2016 and the pension disbursing authorities were advised to make payment of revised pension accordingly without waiting for the revised pension payment authority. A Committee under the chairmanship of Secretary, Department of Pension & Pensioners’ Welfare was constituted to examine the feasibility of Formulation (i). The Committee observed that Formulation (i) as recommended by the 7th CPC might be difficult to implement in a large number of cases and this method may also cause anomalies.

In implementation of the recommendations of the aforesaid Committee, orders have been issued vide Department of Pension & Pensioners’ Welfare O.M. No. 38/37/16-P&PW(A) dated 12.05.2017. It has been provided that the revised pension/family pension w.e.f. 01.01.2016 in respect of all Central civil pensioners/family pensioners may be revised by notionally fixing their pay in the pay matrix recommended by the 7th CPC in the level corresponding to the pay in the pay scale/pay band and grade pay at which they retired/died by notional pay fixation under each intervening Pay Commission based on the Formula for revision of pay. 50% of the notional pay as on 01.01.2016 shall be the revised pension and 30% of this notional pay shall be the revised family pension w.e.f. 1.1.2016. Higher of the two Formulations i.e. the pension/family pension already revised in accordance with this Department’s OM dated 04.08.2016 or the revised pension/family pension as worked out by notional pay fixation method, shall be the revised pension/family pension w.e.f. 01.01.2016.

There were around 55.51 lakh pensioners/family pensioners (including defence pensioners/family pensioners) as on 31.03.2016. All Pension Sanctioning Authorities have been advised to accord top priority to the work of revision of pension and issue revised Pension Payment Authority in implementation of the above orders expeditiously.

There is no proposal for creation of any other organisation for pension related issues.

This was stated by the Minister of State for Personnel, Public Grievances and Pensions and Minister of State for Prime Minister’s Office, Dr Jitendra Singh in a written reply to question by Adv. Narendra Keshav Sawaikar and Shri P. Nagarajan in the Lok Sabha today.

PIB

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Enhancement in the rate of Special Pension to Blinded Ex-servicemen under AO 606/75

Enhancement in the rate of Special Pension to Blinded Ex-servicemen under AO 606/75

No. 161/KSB/Policy/SPL PEN/C
Government of India
Ministry of Defence
Department of Ex-Servicemen Welfare

New Delhi, Dated 8th June, 2017

The Controller General of
Defence Accounts, (CGDA)

New Delhi.

Subject: Enhancement in the rate of Special Pension to Blinded Ex-servicemen under AO 606/75.

Sir,

In supersession of Government of India, Ministry .of Defence letter No. 12-SB(8)/52-2001/958/D(Res) dated 16th Nov.2001, I am directed to convey the sanction of the President to enhance the Special Pension to blinded Ex-Servicemen from Rs. 500/- p.m. to Rs. 4000/-per month with effect from June, 2017. The expenditure will he debited to relevant Head of account of Defence Services Estimates.

2. The sanction is issued with the concurrence of Ministry of Defence (Fin/Pen) vide their ID No 10(12)/2016/FIN/PEN dated 05/06/2017.

Yours faithfully,
(A. K. Pandey)
Under Secretary to the Government of India

Signed copy

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Restoration of full pension of absorbee pensioners in view of the order dated 01.09.2016 of Hon’ble Supreme Court in Civil Appeal No. 604812010 and Civil Appeal No. 637112010

Restoration of full pension of absorbee pensioners in view of the order dated 01.09.2016 of Hon’ble Supreme Court in Civil Appeal No. 604812010 and Civil Appeal No. 637112010.

F.No.4/34/2002-P&PW(D).Vol.II
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Pension & Pensioners Welfare

3rd Floor, Lok Nayak Bhavan,
Khan Market, New Delhi
Dated the 21st July, 2017

Corrigendum

Subject: Restoration of full pension of absorbee pensioners in view of the order dated 01.09.2016 of Hon’ble Supreme Court in Civil Appeal No. 604812010 and Civil Appeal No. 637112010.

The undersigned is directed to refer to this Department’s OM of even no. dated 23-06-2017 on the above subject. As per the said OM, the benefit of the orders of Hori’ble High Court of Madras dated 02-08-2007 and the Orders of Hon’ble Supreme Court dated 01-09-2016 would be extended to all similarly placed absorbee pensioners. Accordingly, the words “absorbee petitioners” in para 8 of the above OM may be read as “absorbee pensioners”.

sd/-
(Harjit Singh)
Director

Authority: http://www.pensionersportal.gov.in/

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