Showing posts with label Additional pension. Show all posts
Showing posts with label Additional pension. Show all posts

Monday, 21 December 2015

Minimum pension fixed for retired Central Government employees

Minimum pension fixed for retired Central Government employees

Minimum Pensions

The minimum pension fixed for retired Central Government employees is Rs. 3,500/- per month with effect from 01.01.2006. For pensioners, including those retired from public sector corporations and other establishments, to whom the Employees’ Pension Scheme (EPS), 1995 framed under the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952 applies, provision of a minimum pension of Rs. 1,000/- per month has made with effect from 01.09.2014.

The Sixth Central Pay Commission had recommended pension of Rs. 3,330/- per month in respect of employees retired from the Central Government. The minimum pension of Rs. 1,000/- per month under the EPS, 1995 implemented by the Central Government was one of the recommendations of the Expert Committee constituted by the Government. Apart from this, the Committee on Petitions of the Rajya Sabha under the chairmanship of Shri Bhagat Singh Koshiyari in its 147th Report had recommended to increase Government share of contribution under EPS, 1995 from 1.16 per cent to 8.33 per cent to support the minimum pension level of Rs. 3000/- per month. However, it was not found feasible for implementation.

No complaints regarding anomalies in minimum pension in respect of Central Government employees have been received by the Government.

However, representations, grievances and complaints have been received from various quarters that the monthly pension to pensioners under EPS, 1995 have not increased to Rs. 1,000/- per month even after the notification in respect of pensioners who had taken short service pension, commutations or return of capital. Some grievances also relate to the fact that pension has not increased for those drawing more than Rs. 1,000/- per month.

Consequent upon implementation of the minimum pension to pensioners under EPS, 1995 vide notification number GSR 593(E) dated 19.08.2014, the pension of all member/widow(er)/disabled/ nominee/dependent parent pensioners whose original pension was less than Rs. 1,000/- per month had been fixed at the minimum of Rs. 1,000/- per month. In cases where members had preferred option for Commutation, Return of Capital and Short Service Pension and have already availed these benefits as per choice exercised by them at the time of making pension claim, the deductions on account of these options would continue to apply on the minimum pension of Rs. 1,000/- per month that has now been fixed. In such cases, the pension amount would be less than Rs. 1,000/- per month even after implementation of the said notification.

This information was given by Shri Bandaru Dattatreya, Minister of State (IC) for Ministry Labour and Employment, in reply to a question in Lok Sabha today.

Source: PIB News

Wednesday, 10 June 2015

Rounding off of a fraction of a rupee in calculation of additional Pension for Railway Pensioners

Rounding off of a fraction of a rupee in calculation of additional Pension for Railway Pensioners

Rounding off of a fraction of a rupee in regulation of additional Pension

G.I., Min. of Railways, Railway Board Orders RBE No.55/2015, F(E) III/2008/PN1/12, dated 2.6.2015

Subject: Rounding off of a fraction of a rupee in regulation of additional Pension.

A copy of Department of pension & pensioners welfare (DOP&PW)’s O.M. No.38/8/15-P&PW(A) dated 16.04.2015 on the above subject is enclosed for information and compliance. These instructions shall apply mutatis-mutandis on the Railways also’ DoP&PW’s O.M. No.38/37/08-P&PW(A) dated 02.09.2008 mentioned in the O.M. has been adopted on Railways vide Board’s letter No.F(E)III/2008/PN1/13 dated 15.09.2008.



Source: NFIR

Friday, 24 April 2015

Rounding off of a fraction of a rupee in regulation of additional pension

Rounding off of a fraction of a rupee in regulation of additional pension

Government of India
Ministry of Personnel, PG & Pensions
Department of Pension & Pensioners’ Welfare

3rd Floor, Lok Nayak Bhawan
Khan Market, New Delhi-110 003.
Dated the 16th April, 2015

Office Memorandum

Subject: Rounding off of a fraction of a rupee in regulation of additional pension

The undersigned is directed to say that vide this Department’s 0M No.38/37/08-P&PW(A) dated 1 ,9.2008 and 0M No. 38/37/08-P&PW(A) dated 2.9.2008. Instructions were issued for grant of additional pension/family pension @ 20% to 100% to old pensioners/family pensioners of
the age of 80 years and above.

A question has been raised as to how the amount of additional pension is to be regulated in case the additional pension results in fraction of a rupee. The matter has been examined in consultation with Ministry of Finance (Department of Expenditure) and it has been decided that the amount of additional pension as finally calculated may be rounded off to the next higher rupee.

In cases where the pension/family pension of old pensioners has been fixed/revised without rounding off the additional pension, in those cases also, the additional pension may be rounded off to the next higher rupee hereinafter. However, no arrears for the period from 1.1.2006 on account of such rounding off would be paid in those cases.

3. This issues with the approval of Ministry of Finance (Department of Expe ture) ID No. 157/EV/2015 dated 30.3.2015.

(S.K. Makkar)
Under Secretary to the Government of India

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

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