Showing posts with label PENSION. Show all posts
Showing posts with label PENSION. Show all posts

Monday, August 26, 2024

Enhancement of maximum limit of Gratuity to Central Government employees on reaching the Dearness Allowance rates to 50% -Implementation of recommendations of the Seventh CPC

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Coverage under Central Civil Services (Pension Rules, in place of National Pension System (NPS), of those Central Government employees who were recruited against the posts/ vacancies advertised/ notified for recruitment, on or before 22.12.2003

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Amendment to CCS (Pension) Rules, 2021 - Allowing female Government servant / female Pensioner to nominate her child / children for family pension in precedence to her husband in the event of marital discord leading to filing of divorce proceedings in a Court of law or filing of a case under Protection of Women from Domestic Violence Act or Dowry Prohibition Act or Indian Penal Code.

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Adjustment and recovery of Government dues from Gratuity payable under the CCS (Pension) Rules, 2021

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Procedure for adjustment and recovery of Government dues from Gratuity Payable under the CCS (Pension), Rules 2021

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Periodic verification of qualifying service under the CCS (Pension) Rules, 2021

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Sunday, October 1, 2017

Information about admissibility of pension

The minimum eligibility period for receipt of pension is 10 years. A Central Government servant retiring in accordance with the Pension Rules is entitled to receive superannuation pension on completion of at least 10 years of qualifying service.

In the case of Family Pension the widow is eligible to receive pension on death of her spouse after completion of one year of continuous service or before even completion of one year if the Government servant had been examined by the appropriate Medical Authority and declared fit for Government service.

W.e.f 1.1.2006, Pension is calculated with reference to average emoluments namely, the average of the basic pay drawn during the last 10 months of the service or last basic pay drawn whichever is beneficial. Full pension with 10/20 years of qualifying service is 50% of the average emoluments or last basic pay drawn whichever is beneficial. Before 1.1.2006, for qualifying service of less than 33 years, amount of pension was proportionate to the actual qualifying service broken into completed half-year periods. For example, if total qualifying service is 30 years and 4 months (i.e. 61 half-year periods), pension will be calculated as under:-

Pension amount = R/2(X)61/66

Where R represents average reckonable emoluments for last 10 months of qualifying service or the last pay drawn as opted by the govt servant.

Minimum pension presently is Rs. 3500/- per month. Maximum limit on pension is 50% of the highest pay in the Government of India (presently Rs. 45,000/-) per month. Pension is payable up to and including the date of death.


Monday, August 21, 2017

7th CPC Pension Revision : regarding

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF EXPENDITURE
CENTRAL PENSION ACCOUNTING OFFICE
TRIKOOT II, BHIKAJI CAMA PLACE,
NEW DELHI-110066

CPAO/IT&Tech/Revision (7th CPC)/19.Vol-III(a) / 2017-18/97
Date : 16/17.08.2017
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 Aadhaar number and PAN number 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.

sd/-
(Md. Shahid Kamal Ansari)
(Asstt. Controller of Accounts)

Authority: http://cpao.nic.in/



Sunday, July 23, 2017

EPFO asks field offices to settle employees pension, gratuity on retirement day

New Delhi: Retirement fund body Employees’ Provident Fund Organisation (EPFO) has issued directions to its field offices to settle pension benefits to employees on the day of retirement itself, Parliament was informed on Wednesday. 

“Directions have been issued by EPFO to all its field offices to make the payment of provident fund and pension to members of Employees’ Provident Funds (EPF) Scheme, 1952 and Employees’ Pension Scheme (EPS), 1995 on the date of retirement itself,” labour minister Bandaru Dattatreya said in a written reply to the Rajya Sabha. 

He was responding to a question if the government had decided to settle the PF/EPF, gratuity of retiring on the day of retirement itself.

“As regards settlement of gratuity, as per Payment of Gratuity Act, 1972, the employer shall arrange to pay the amount of gratuity within 30 days from the date it becomes payable to the person to whom the gratuity is payable,” the minister added.

In June 2014, the government had decided to give pension payment order to an employee on the day of retirement itself with the aim to ensure a life of dignity for pensioners.

There are about 48.85 lakh central government employees and 55.51 lakh pensioners in the country.

Source :  http://www.livemint.com/

Sunday, May 7, 2017

Cabinet approves modification in pension for Central pensioners / family pensioners

The actual quantum of hike or the revised calculation procedure has not been made public yet. We have to wait for issuance of proper O.M. in this regard.

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved important proposals relating to modifications in the 7th CPC (Central Pay Commission) recommendations on pay and pensionary benefits in the course of their implementation. Earlier, in June, 2016, the Cabinet had approved implementation of the recommendations with an additional financial outgo of Rs 84,933 crore for 2016-17 (including arrears for 2 months of 2015-16).