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Showing posts with label : Pension. Show all posts
Showing posts with label : Pension. Show all posts

Monday, 1 May 2017

21:51

Clarification Regarding commutation of a part of pension on retirement under Rule 67 of Railway Services(Pension)Rules.1993.

Clarification Regarding commutation of a part of pension on retirement under Rule 67 of Railway Services(Pension)Rules.1993.

In terms of Rule 67 of the Railway services(pension) Rules1993, at any time after a railway servant has completed twenty years qualifying services, he may by giving notice of not less than three months in writing to the appointing authority retire from service.However,if the appointing authority is satisfied that the curtailment of the period.Details -Attached the Railway Board Circular..RBENo.41/2017

Source:Railway Board

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Monday, 13 June 2016

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Sunday, 10 April 2016

17:05

Biggest news of 2016 for Central Government pensioners and its effect on Ex-servicemen OROP

Biggest news of 2016 for Central Government pensioners and its effect on Ex-servicemen OROP

As published by Maj Navdeep Singh on his IndianMilitary.info blog:-

Biggest news of 2016 for Central Government pensioners

Most readers would be aware that the orders regarding calculation of pension of pre-2006 retirees based on minimum of pay within the pay band for each separate grade/rank and not on minimum of the pay band itself, with arrears from 01-01-2006 rather than 24-09-2012, were issued for Central Government pensioners in July 2015 by the Government as per the decision of the Delhi High Court, which essentially followed a decision of the Punjab & Haryana High Court, and then upheld by the Supreme Court. The High Court had held that the anomaly (though later removed by the Government itself from 24-09-2012) had to be removed from the date of the inception of the anomaly, that is, 01-01-2006. Similar orders were later issued by the Ministry of Defence.


On a similar analogy, many decisions by various Benches of the Central Administrative Tribunal (and then upheld by the High Courts) were rendered de-linking the service requirement of 33 years for grant of full pension for pre-2006 retirees at par with post-2006 retirees for whom there is no such requirement. Some Special Leave Petitions preferred by the Government against such orders were also dismissed, though not by way of detailed decisions. The Punjab Haryana High Court had also passed a detailed verdict on the same subject for pensioners of the Central Armed Police Forces. Till date, the pensions of pre-2006 pensioners with less than 33 years of service (including weightage) were being calculated by way of proportionate reduction.


Through this earlier post dated 22-01-2016, in view of multiple queries in this regard, I had informed by way of general information that the matter of issuance of orders on this subject for similarly placed retirees was being examined by the Department of Pensions & Pensioners’ Welfare, Ministry of Law & Justice and Ministry of Finance.


The Department of Pensions and Pensioners’ Welfare has now issued universal orders giving effect to the judicial decisions of the High Courts and has removed the requirement of 33 years service for full pension. Now, irrespective of length of service, all pre-2006 pensioners shall be eligible for full pension as is admissible to those pre-2006 pensioners who had rendered 33 years or more service including weightage. Full arrears are also admissible with effect from 01-01-2006. The biggest gainers would be voluntary retirees and those released from service on medical grounds or before completing full service. The orders can be downloaded by clicking here. Similar orders should now be issued for defence pensioners also by the Ministry of Defence. 


A word of caution- This change would not affect the concept of One Rank One Pension (OROP) applicable with effect from 2014 since while this development is based on 50% of minimum emoluments introduced by the 6th Central Pay Commission for each grade, the concept of OROP is based on live data of actual pension based on real time emoluments as per length of service of in-service personnel. Readers are hence requested not to mix up the two dispensations which operate by way of separate dynamics. 


We must again place on record extreme gratitude to the Department of Pensions and Pensioners’ Welfare functioning under Ministry of Personnel, Public Grievances & Pensions which has once again taken a stand for all Central Government pensioners and ensured issuance of universal directions just on simple dismissal of a Special Leave Petition by the Supreme Court even without a detailed order. One cannot also help but compare this with the attitude of the Ministry of Defence which continues to file appeals against its pensioners and disabled pensioners based on artificial distinctions even when the law has been fully settled by the Supreme Court in a plethora of detailed landmark decisions and which also militates against the grain of the opinion expressed by the highest of political executive, including the Prime Minister. I however maintain and retain full hope that the current Raksha Mantri would be able to rein in the unruly horses. 


Jai Hind. 


Source:Sapost

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Saturday, 12 March 2016

07:44

Online Application for Withdrawal under New Pension Scheme

Online Application for Withdrawal under New Pension Scheme

The Pension Fund Regulatory and Development Authority (PFRDA) had issued a Circular dated February 25, 2015, making it mandatory for all the Nodal Offices to process the withdrawal claims of their underlying subscribers on the online platform made available on the Central Recordkeeping Agency (CRA) system from April 1, 2015. However, it was observed that majority of the withdrawal requests were still being received in physical form (without capturing online withdrawal request) resulting in delay in processing of withdrawal claims of the subscribers. Therefore, it has been decided that with effect from April 1, 2016 only such withdrawal requests raised on online platform will be accepted at CRA for further processing and settlement.

This was stated by Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.

Source:PIBNEWS
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Sunday, 6 March 2016

07:24

RESERVATION IN PROMOTION

RESERVATION IN PROMOTION 

Press Information Bureau 
Government of India
Ministry of Personnel, Public Grievances & Pensions

02-March-2016 15:37 IST

Reservation in Promotion 

The instructions issued by Department of Personnel & Training provide for reservation in promotion to persons belonging to Scheduled Castes (SCs) and Scheduled Tribes (STs) in posts in the Central Government upto the lowest rung of Group 'A'. These instructions are also being implemented by Central Public Sector Undertakings, wherever reservation in promotion is applicable.

The Supreme Court in its judgment dated 19.10.2006 in the matter of M. Nagaraj & Others vs. Union of India and Ors., while upholding the validity of some of the Constitutional Amendments, observed that the concerned State will have to show in each case the existence of compelling reasons, namely, backwardness, inadequacy of representation and overall efficiency of administration before providing reservation in promotion. In order to provide impediment free reservation in promotion to SCs and STs, the Constitution (One Hundred and Seventeenth Amendment) Bill, 2012 was introduced in Rajya Sabha in September, 2012. The Bill was passed by the Rajya Sabha on 17.12.2012 and transmitted to the Lok Sabha for consideration and passing. The Bill could not be considered in the Lok Sabha and lapsed on the dissolution of 15th Lok Sabha. The issues emanating from the Supreme Court judgment in M. Nagaraj case are under examination.
           
This was stated by Minister of State for Personnel, Public Grievances and Pensions and Minister of State in the PMO Dr. Jitendra Singh in a written reply to a question by Shri Kaushal Kishore in the Lok Sabha today.


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Thursday, 3 March 2016

07:47

7th Pay Commission expressed its regret about transition from Old Pension Scheme to New Pension Scheme in its report.

7th Pay Commission expressed its regret about transition from Old Pension Scheme to New Pension Scheme in its report.

2004-2011 Entrants : Government employees who have joined service between 2004 and 2011 have suffered due to delay in finalizing the structure of the NPS and the issue of detailed instructions. Although they have made regular contributions, in many cases, this money and/or counterpart contributions were not deployed in the market. In the case of AIS officers, some states are yet  to release counterpart contributions or pay interest on delayed contributions. This has led to a situation where the accumulated corpus even after 11 years of service could be meagre. It is necessary that this situation which arose during the transition from OPS to NPS be addressed.

The Commission therefore recommends that Central Governments and State Governments should, in a time bound manner, ensure that all the due contribution along with compounded interest, where contributions have been delayed, be deposited in the accounts of the beneficiaries. Advisories should be issued to the State Governments to deposit amounts, if not already done, in respect of NPS beneficiaries belonging to All India Services.

Many Association have pointed out that unlike the facility under GPF, it is not possible to make withdrawals under NPS, even to meet obligatory social expenditure. This forces employees towards increased indebtedness as they have to borrow from elsewhere.
The Commission notes that under the NPS Tier-I account, a subscriber is permitted to make partial withdrawal of twenty five percent of the contributions made to his/her individual pension account for certain specified purposes. Such withdrawals are permitted a maximum of three times during the entire tenure of subscription and a period of at least five years should have elapsed between two such withdrawals.

The Commission further notes that there exists a voluntary Tier-II account. Under this account, a subscriber can, at any time, withdraw the accumulated wealth either in full or part and there is no limit on such withdrawals provided the account has sufficient balance of accumulated pension wealth to cover the amount being withdrawn. However, the Tier-II account is yet to be made operational. The Commission therefore recommends that PFRDA should take steps to make the Tier-II accounts operational as early as possible to enable the NPS subscribers the facility of withdrawals from their accounts in case of requirement.

Transparency under NPS : Many associations and individuals have complained that the information relating to the NPS is inadequate, resulting in high degree of uncertainty in the minds of contributors about post-retirement benefits. The Commission noted that PFRDA sends a communication to every participant each month with the current pension wealth and the latest contribution that has been credited. The Commission recommends that focused efforts be made to capture email addresses and mobile numbers of subscribers so that seamless communication is ensured for all subscribers. The Commission recommends that consultation with stakeholders should also be held periodically in different parts of the country.

The Commission notes that no department of Government of India is taking ownership of the NPS. The Commission recommends that a Committee consisting of Secretary, Department of Financial Services, Secretary, Department of Pensions and Pensioners Welfare and Secretary, Department of Administrative Reforms and Public Grievances may be constituted to review the progress of implementation of NPS. The Commission also recommends that steps should be taken for establishment of an Ombudsman for redressing individual grievances relating to NPS.

Tax Treatment under the NPS : NPS is under the Exempt–Exempt – Tax (EET) regime while the General Provident Fund under the OPS is under Exempt–Exempt–Exempt (EEE) dispensation. Under the NPS, while the contributions and the accumulations are tax-exempt, withdrawals are taxable. As such, this is an inferior tax treatment when compared to other pension programmes such as General Provident Fund, Contributory Provident Fund, Employees Provident Fund and Public Provident Fund wherein contributions, accumulations and withdrawals are tax-exempt.

The Commission feels that tax neutrality should be ensured across various avenues for long term savings for post retirement incomes so that the employees covered by NPS are not at a disadvantage. The Commission therefore recommends that withdrawals under the NPS should be tax-exempt to place NPS at par with other pension schemes. The Commission also recommends that the service tax levied at the time of annuity purchase by NPS subscribers should be exempted.

Source:sapost
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Thursday, 29 October 2015

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Sunday, 18 October 2015

06:12

Supreme Court Verdict in favour pf Pension for Resignees!

Supreme Court Verdict in favour pf Pension for Resignees!

Following is the Land Mark Judgement by Supreme Court for LIC employee!
It is 100% applicable to IBA.

Will UFBU take up this as most urgent subject and proceed to get Pension for the Resignees?
*****************************************************************
REPORTABLE
IN THE SUPREME COURT OF INDIA
CIVIL APPELLATE JURISDICTION
CIVIL APPEAL NO. 10251 OF 2014
ASGER IBRAHIM AMIN .. APPELLANT
VERSUS
LIFE INSURANCE CORPORATION OF INDIA .. RESPONDENT
J U D G M E N T
VIKRAMAJIT SEN, J.

1.  The question which falls for consideration is whether the Appellant is
entitled to claim pension even though he resigned from service of his own
volition and, if so, whether his claim on this count had become barred by
limitation or laches.

2 . The Appellant joined the services of the Respondent Corporation on30.6.1967 on the post of Assistant Administrative Officer (CharteredAccountant) at the age of twenty seven. He worked for 23 years and 7 monthsin the Corporation before tendering his resignation on 28.1.1991, owing to“family circumstances and indifferent health”, presumably having crossed fifty years in age. The request of the Appellant for waiver of the stipulated threemonths notice was favourably considered by the Corporation vide letter dated 28.2.1991, and the Appellant was allowed to resign from the post of Deputy General Manager (Accounts), which he was holding at that time. We shall again presume that the reasons that he had ascribed for his retirement, viz.family problems and failing health, were found to be legitimate by the Respondent, otherwise the waiver ought not to have been given. Thereafter, the Central Government in exercise of power conferred under Section 48 of the Life Insurance Corporation Act, 1956 had notified the LIC of India (Staff) Regulations, 1960 and thereafter the Life Insurance Corporation of India (Employees) Pension Rules, 1995 (hereinafter referred to as “Pension Rules”) which, though notified on 28.6.1995, were given retrospective effect from
1.11.1993. The Pension Rules provide, inter alia, that resignation from service would lead to forfeiture of the benefits of the entire service including eligibility for pension.

3.  On 8.8.1995, that is post the promulgation by the Respondent of the Pension Rules, the Appellant enquired from the Respondent whether he was entitled to pension under the Pension Rules, which has been understood by the Respondent as a representation for pension; the Respondent replied that the request of the Appellant cannot be acceded to. The Appellant took the matter no further but has averred that in 2000, prompted by news in a Daily and Judgments of a High Court and a Tribunal, he requested the Respondent to reconsider his case for pension. 

This request has remained unanswered. It was in 2011 that he sent a legal notice to the Respondent, in response to which the Respondent reiterated its stand that the Appellant, having resigned from service, was not eligible to claim pension under the Pension Rules. Eventually, the Appellant filed a Special Civil Application on 29.3.2012 before the High Court,which was dismissed by the Single Judge vide Judgment dated 5.10.2012. The LPA of the Appellant also got dismissed on the grounds of the delay of almost 14 years, as also on merits vide Judgment dated 1.3.2013, against which the Appellant has approached this Court.

4.  As regards the issue of delay in matters pertaining to claims of pension, it has already been opined by this Court in Union of India v. Tarsem Singh, (2008) 8 SCC 648 that in cases of continuing or successive wrongs, delay and laches or limitation will not thwart the claim so long as the claim, if allowed, does not have any adverse repercussions on the settled third-party rights. This Court held:

…………………………………………….
The legal position deducible from the above observations further amplifies that the so-called resignation tendered by the Appellant was after satisfactorily serving the period of 20 years ordinarily qualifying or enabling voluntary retirement. Furthermore, while there was no compulsion to do so, a waiver of the three months notice period was granted by the Respondent Corporation.The State being a model employer should construe the provisions of a beneficial legislation in a way that extends the benefit to its employees, instead of curtailing it.

15.  The cases of Shyam Babu Verma v. Union of India, (1994) 2 SCC 521; State of M.P. v. Yogendra Shrivastava, (2010) 12 SCC 538; M.R. Prabhakar v.Canara Bank, (2012) 9 SCC 671; National Insurance Co. Ltd. v. Kirpal Singh, (2014) 5 SCC 189; UCO Bank v. Sanwar Mal, (2004) 4 SCC 412 relied upon by the parties are distinguishable on facts from the present case.

16.  We thus hold that the termination of services of the Appellant, in essence,was voluntary retirement within the ambit of Rule 31 of the Pension Rules of 1995. The Appellant is entitled for pension, provided he fulfils the condition of refunding of the entire amount of the Corporation’s contribution to the Provident Fund along with interest accrued thereon as provided in the Pension Rules of 1995. Considering the huge delay, not explained by proper reasons, on part of the Appellant in approaching the Court, we limit the benefits of arrears of pension payable to the Appellant to three years preceding the date of the petition filed before the High Court. These arrears of pension should be paid to the Appellant in one instalment within four weeks from the date of refund of the entire amount payable by the Appellant in accordance of the Pension Rules of 1995. In the alternative, the Appellant may opt to get the amount of refund adjusted against the arrears of pension. In the latter case, if the amount of arrear is more than the amount of refund required, then the remaining amount shall be paid within two weeks from the date of such request made by the Appellant. However, if the amount of arrears is less than the amount of refund required, then the pension shall be payable on monthly basis after the date on which the amount of refund is entirely adjusted.

17.  The impugned Judgments of the High Court are set aside and the Appeal stands allowed in the terms above. However, parties shall bear their respective

costs.
....signed

Source:INDIAN BANK KUMAR.
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Monday, 28 September 2015

11:08

Casual Labourers on IR entitled to compute 50% of Casual Service for Determination of Pension and Retirement Benefits: Hyderabad HC

Casual Labourers on IR entitled to compute 50% of Casual Service for Determination of Pension and Retirement Benefits: Hyderabad HC

Hyderabad: A full bench of the Hyderabad High Court has ruled that casual workers of the Indian Railways later absorbed as a permanent workers, after completing temporary service are entitled to compute 50 per cent of the casual service for determination of pension and retirement benefits.

The full bench comprising Acting Chief Justice Dilip B. Bhosale, Justice P.V. Sanjay Kumar and Justice P. Naveen Rao was answering a reference on the issue as to whether a casual employee of the Railways, later appointed on temporary basis, and then regularly appointed was entitled to count the full service rendered by him as a temporary servant and 50 per cent of his casual service to determine his retirement benefits.

While dealing with the reference the full bench noted that the AP High Court as well as the Delhi High Courts expressed three different views in four similar cases.

The bench pointed out in the four decisions, the scope of various provisions of the Railway Services (Pension) Rules 1993 was not considered by the High Courts and the full bench felt that the provisions of Rule 20 need to be analysed.

The relevant Rule says that qualifying service of a Railway servant commences from the date he takes charge of the post to which he was first appointed either substantively or in an officiating or temporary capacity.

The bench concluded that the only requirement was such a temporary appointment should be continuous and without interruption followed by substantive appointment.
The bench ruled that when there was no interruption of service between the temporary service and the permanent appointment, the entire temporary service should be taken for computation of pensionary benefits.

The full bench observed that it would lead to absurd conclusions if only 50 per cent of temporary service was counted on his permanent appointment when he was entitled to count the full temporary service if he retires as a temporary servant only. When there was no ambiguity in the rules and leads to only one conclusion, there was no scope for any other interpretation that can be given by the writ Court.

The bench said “It is also relevant to note that a person renders long service before he gets permanent appointment. He would hardly have any service left in permanent capacity before he retires. In most of these cases, he would not have the minimum service to qualify for pensionary benefits if the temporary service is not added.”
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Tuesday, 1 September 2015

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07:44

Armed Forces Pensioners and Family Pensioners will get Fixed Medical Allowances

Fixed Medical Allowance to Armed Forces Pensioners and Family Pensioners

Fixed Medical Allowance (FMA) to the Armed Forces Pensioners and Family Pensioners with retirement date prior to 01.04.2003 and opted not to avail medical facilities at OPD of Armed Forces Hospitals

The Pr. Controller of Defence Accounts has issued a Circular on Grant of Fixed Medical Allowance (FMA) to the Armed Forces Pensioners/ Family Pensioners in such cases where date of retirement is prior to 01.04.2003 and who had opted not to avail medical facilities at OPD of Armed Forces Hospitals/ MI Rooms and are not member of ECHS.

THE PR. CONTROLLER OF DEFENCE ACCOUNTS (PENSIONS)
DRAUPADIGHAT, ALLAHABAD- 211014

Circular No. 544                                                                                                        Dated: 04.06.2015
  
Subject: Grant of Fixed Medical Allowance (FMA) to the Armed Forces Pensioners/ Family Pensioners in such cases where date of retirement is prior to 01.04.2003 and who had opted not to avail medical facilities at OPD of Armed Forces Hospitals/ MI Rooms and are not member of ECHS.

Reference: This Office Circular NO.451 dated 21.02.2011 and Circular NO. 208 dated 27.07.1998.

A copy of GOI, MOD letter NO. 1(10)/2009-D(Pen/ Policy) dated 5th May 2015 is forwarded herewith for immediate implementation. The same has also been uploaded on this Office website www.pcdapension.nic.in and may please be downloaded at your end without waiting for the hard copy Of the order and action may be taken accordingly.

2. The fixed medical allowance has been enhanced from Rs. 300/- PM to Rs. 500/- PM with effect from 19.11.2014. Ex Servicemen who retired after 01.04.2003 have to become member of ECHS compulsorily and are not eligible to draw Fixed Medical Allowance. However, all Pre 01.04.2003 retirees have the Option of either joining the Scheme or draw Fixed Medical Allowance as per the extant rates.

3. The other conditions for grant of Fixed Medical Allowance as mentioned in this Office Circular No.208 quoted under reference shall continue to be in force. PDAS are requested to please review the cases and revise the Fixed Medical Allowance in the affected cases accordingly.

(G K Baranwal)
Dy. Controller (Pensions)

No. Gt/Tech/0164/III,
Dated: 04.06.2015







































Source :Gconnect



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Sunday, 30 August 2015

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Friday, 31 July 2015

20:35

Removing Anomaly in Pensions of Ex-Servicemen

Removing Anomaly in Pensions of Ex-Servicemen

Removal of anomaly, if any, in the pension being given to the various categories of ex-servicemen is a continuous process. Such anomaly is redressed, as and when it comes to the notice of the Government.

The policy of “One Rank One Pension” has been adopted by the Government to address the pension disparities. The modalities for implementation of OROP are under consideration of the Government. It will be implemented once the modalities are approved by the Government.

A Pension Grievance Cell exists in the Department of Ex-Servicemen Welfare. Grievances received by this Cell are examined and redressed in coordination with the agencies concerned in the matter. A system of holding Pension Adalat is in place to provide a credible forum for redressal of grievances of the defence pensioners. Officers concerned of every organisation involved remain present in the Adalats and the grievances are redressed on the spot. A computerized pension enquiry project “Suvigya” has been developed by the Controller General of Defence Accounts (CGDA).

It is an online pension enquiry system which would enable the ex-servicemen to know their entitlements of pension. A pensioners’ grievance cell exists in the Office of Principal Controller of defence Accounts (Pension), Allahabad.

This information was given by Minister of State for Defence Rao Inderjit Singh in a written reply to Shri D.P Tripathi in Rajya Sabha on Thursday, 30 July 2015.

Source : PIB News
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Monday, 29 June 2015

05:55

Special Benefits in the cases of death and disability in service – PCDA Circular on Revision of Disability Pension and Family Pension of Pre-2006 Pensioners

Special Benefits in the cases of death and disability in service – PCDA Circular on Revision of Disability Pension and Family Pension of Pre-2006 Pensioners

Office of the PR. Controller of defence Accounts (Pensions) issued a Circular regarding special benefits in cases of death and disability in  service-Revision of  Disability Pension / Family Pension of  Pre-2006 disability Pensioners/ Family Pensioners in line with Ministry   of  Personnel,   Public   Grievances   & Pension, Department  of Pension  & Pensioners’ welfare  OM No. 45/3/2008-   P& PW(F)  dated  20th November 2014.

OFFICE OF THE PR. CONTROLLER OF DEFENCEACCOUNTS (PENSIONS)
DRAUPADI GHAT, ALLAHABAD- 211014

Circular No –   142

No. G1/C/103/ Vol-VII/Tech

O/o the  PCDA (P),

Allahabad

Dated:  11/06/2015

To,





(All Head of Department under Min. of Defence)

Sub:   –  Special benefits in  cases of death &  disability in  service-Revision of  Disability Pension /  Family Pension of  Pre-2006 disability Pensioners/ Family Pensioners –
regarding.

**********

A  copy   of  Government   of  India,   Ministry   of  Personnel,   Public   Grievances   & Pension, Department  of Pension  & Pensioners’  welfare  OM No. 45/3/2008-P& PW(F) dated  20th  November 2014  is enclosed  herewith  for information  & necessary  action. In  order to implement  the instructions contained  in the above  Govt. letter, HOOs are required to review/identify  the cases where  Disability Pension/Family Pension have been notified in terms of CCS (EOP) Rules and forward the same with details  i.e. PPO No., Current  PDA details,  Pay scale under IV & V CPC and address  of Payee to this office for revision  in terms of OM dated 20.11.2014.

2.It  is therefore requested  that  suitable  instructions   along  with  copy  of  this  circular  may  be issued to all the Head of Offices under your administrative control for initiating action in this regard.

Sd/-
(Dr. Upinderbir Singh)
Dy CDA  (P)

No: G1/C/103/ Vol-VII/Tech
Dated:  11/06/2015


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Wednesday, 24 June 2015

07:49

Defence ministry to directly disburse Rs 51,000-crore pension, benefitting 24 lakh ex-servicemen

Defence ministry to directly disburse Rs 51,000-crore pension, benefitting 24 lakh ex-servicemen   

NEW DELHI: Getting rid of the virtual 'middleman', the Defence Ministry is implementing an ambitious plan to credit Rs 51,000 crore worth of pensions directly into the accounts of ex-servicemen, doing away with an earlier process of banks - mostly state owned - being the disbursement agency.

Faced with the mounting pressure of thousands of complaints and grievances on pensions being wrongly calculated or distributed unevenly, the MoD has sanctioned a new policy to directly send money to pensioners through the Real Time Gross Settlement (RTGS) process.

Initial estimates by the Controller General of Defence Accounts (CGDA) indicate that an annual saving of over Rs 180 crore will be effected through this change by cutting out the 32 banks - 28 Public sector and 4 private sector - that were earlier the distribution agency for pensions. 

More importantly, the MoD believes that implementing a centralized system will do away with a majority of grievances that pensioners bring up on disbursement of funds. "An analysis of grievances received at the Ministry or at CGDA office or at PCDA (Pension) office reveal that more than 95% of the complaints pertain to pensioners drawing their pension from the banks. The task of addressing these grievances and providing services to pensioners to their complete satisfaction is an arduous one," a note on the new system says. 

At present more than 24.16 pension accounts - and growing - are active throughout the nation that received close to Rs 51,000 cr per year. Out of these, 18 lakh pensioners are serviced through banks and the MoD pays Rs 960 a year to the banks as transaction fees for each account. 

"If all pensioners are brought under the centralised PDA system where MoD will credit pension in pensioners Bank accounts through NEFT/RTGS, saving of Rs 180 cr could be achieved," the note says. 

Officials said that to start with, all new pensioners in the Navy and Air Force will get disbursements through this new system directly into their bank accounts. Pensioners will need to indicate a joint bank account of their choice along with their Aadhar number. The Army, which has the largest chunk of pensioners, will get the new system by August. 

Source :Economic Times

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Wednesday, 22 April 2015

07:59

Nomination of Nodal bank branches under Single Window Scheme (SWS) for reimbursement of Railway Pension

Nomination of Nodal bank branches under Single Window Scheme (SWS) for reimbursement of Railway Pension

G.I., Railway Board Orders, RBA No.02412015, No. 2010/AC-II/21/8(PART), dated 16.04.2015

Sub:- Nomination of Nodal bank branches under Single Window Scheme (SWS) for reimbursement of Railway Pension.

Please refer to Board’s letter no. 2010/AC-11/2i/2 dt. 31.3.2011(RBA No. 15/2011), 16.5.2012(RBA No. 13, 14/2012), 9.1.2013 (RBA No% 2/2013), 15.1.2013 (RBA No. 3/2013), letter no. 2010/AC-II/21/2(PART) dt. 8.10.2013(RBA No.. 23/2013) and 2013/AC-11/21/8 dt. 28.07.2014(RBA No. 12/2 14), 13.2.2015(RBA No. 12/ 2015) & 7.4.2015( RBA No. 24/2015) where in instructions on implementation of SWS system for pension payment to Railway Pensioners through various Banks were issued. These instructions envisage nomination of nodal branches by the Banks covered under this scheme for submission of Pension Debits by the banks to the designated FA&CAOs. Consequent upon authorization of &CAO/RCF/Rae Bareli and FA&CAO/RWP/Bela for issue of PPOs, the branches as indicated in the Annexure shall be the nodal branches for these units for submission of PPOs.

Kindly acknowledge receipt and ensure compliance.

Source : Indian Railways.
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