CATEGORY

Pension

Swavalamban Yojana Scheme

The Union Finance Minister has announced Swavalamban Scheme in the Union Budget 2010-11 to address the longevity risk of poorer sections of the country. Under the Swavalamban, the Government of India shall contribute a sum of Rs. 1,000 to each subscriber account of the New Pension System (NPS) during the current year and the next three years provided the subscriber contributes any amount between Rs. 1,000 to Rs. 12,000 per annum. The Government has targeted to cover ten lakh subscribers each in the four years beginning 2010-11, bringing the total number of subscribers to 40 lakhs by March, 2014. The Operational Guidelines on Swavalamban Scheme have been approved and released which, inter-alia, provide the applicability, benefits, definitions of the un-organized sector, eligibility, funding, operation etc. of the Scheme. The Pension Fund Regulatory and Development Authority (PFRDA) has placed these Guidelines in public domain on its website http://www.pfrda.org.in . The Government has launched the Scheme on 26.09.2010 and the same will be implemented by the PFRDA. PFRDA has appointed various agencies all over the country, such as, Financial Sector entities, Government entities, Civil Society organizations, etc. for enrolment of subscribers and contribution collection under the Swavalamban Scheme. A higher level of enrolments under the Scheme will ensure old age income security for such subscribers in their post-retirement phase.

TN – Consequential revision of Pension/ Family Pension in respect of employees retired from Ordinary Grade / Selection Grade / Special Grade post –...

Tamil Nadu Revised Scales of Pay,2009—Revision of scales of pay based on the recommendations of One Man Commission, 2010 – Consequential revision of Pension/ Family Pension in respect of employees retired from Ordinary Grade / Selection Grade / Special Grade posts with reference to para - 2 (vi) of G.O. Ms. No. 235, Finance (Pay Cell) Department, dated: 1—6—2009 – Instructions – Issued.

Fixation of pay of re-employed pensioners – Treatment of Military service Pay

Fixation of pay of re-employed pensioners -Treatment of Military service Pay The undersigned is directed to refer to the orders issued vide OM dated 5.4.2010 on fixation of pay of re-employed pensioners. These orders inter-alia lay down that on re-employment in civilian organizations, Military Service Pay shall not be admissible. However, the benefit of MSP given to all retired Defence Forces officers/personnel by reckoning it at the time of calculation of their pension (notionally in the case of pre-1.1.2006 pensioners) should not be withdrawn. Accordingly, while the pension of such re-employed pensioners will include the element of MSP, they will not be granted MSP while working in civilian organizations.

Payment of Commutation value of additional amount of pension in resspect of employees who retired on/after 1.1.2006 but before 2.9.2008 and expired before exercising...

As per the provisions contained in para 9.3 of this Department's OM No. 38/37/08-P&PW(A) dated 2nd September, 2008, the revised table of commutation value for pension will be used for all commutations of pension which become absolute after the date of issue of this OM. In the case of those pensioners, in whose case commutation of pension became absolute on or after 1.1.2006 but before the issue of this OM, the pre-revised Table of Commutation value for pension will be used for payment of commutation of pension based on pre revised pay/pension. Such pensioners shall have an option to commute the amount of pension that has become additionally commutable on account of retrospective revision of pay/pension on implementation of the recommendations of the Sixth Central Pay Commission. On exercising such an option by the pensioner, the revised Table of Commutation Value for pension will be used for the commutation of the additional amount of pension that has become commutable on account of retrospective revision of pay/pension. In all cases where the date of retirement/commutation of pension is on or after 2.9.2008, the revised Table of Commutation Value for pension will be used for commutation of entire pension.

TN – Dearness Allowance to the pensioners and family pensioners

The Government of India, in its Office Memorandum third read above has enhanced the Dearness Allowance payable to its pensioners / family pensioners from 35% to 45% with effect from 1st July 2010.

Revision of pension of pre-2006 pensioners/family pensioners etc – Clarification reg. proof of age/date of birth for additional pension/family pension

The undersigned is directed to say that in this Department's O.M. of even number dated 21.5.2009 and 11.8.2009 it was provided that in case the information regarding date of birth/age is not available in the PPO or the office records, certain documents , viz. PAN Card, Matriculation certificate, Passport, CGHS Card, Driving licence and Voter's ID Card, would be accepted as proof of date of birth/age for payment of additional pension/family pension on completion of age of 80 years and above. It was also provided that the Pension Disbursing Authority/Bank will make payment of additional pension/family pension in the above manner, on provisional basis, up to a period of three months from the month in which the proof of age/date of birth is submitted by the pensioner/family pensioner. In such cases, the Pension Disbursing Authority/Bank will immediately send one copy each of the document submitted by the pensioner/family pensioner to the Pay and Account Officer/CPAO for formal authorisation of the additional pension/family pension. The Pension Disbursing Authority/Bank will make payment of additional pension/family pension beyond a period of three months only on receipt of such an authorisation from the Pay and Account Officer. These instructions were reiterated in this Department's O.M. of even number dated 25.6.2010.

Special benefits in cases of death and disability in service – payment of Disability Pension/Family pension – regarding

Special benefits in cases of death and disability in service - payment of Disability Pension/Family pension - regarding. The undersigned is directed to say that the pension of pensioner/family pensioners who were drawing pension/family pension as on 1.1.2006 under the CCS(EOP) Rules is to be revised in accordance with Department of Pension & Pensioners' Welfare Office memorandum No.38/37/2008-P&P&W(A) dated 1.9.2008.

Revision of pension of pre-2006 pensioners etc. for faculty and other staff of Centrally Funded Technical Institutions (CFTs)

I am directed to refer to this Department's order of even dated 25th May 2010 on the subject mentioned above. Representations were received requesting that the minimum pension of pre-2006 ie. pensioners who retired prior to 01.01.2006 should be at least 50% of entry pay prescribed for each level in the relevant pay band plus the Grade Pay.

Dearness Relief Order for Himachal Pradesh State Government Pensioners/ Family Pensioners-Revised rate effective from 01-01-2010

The undersigned is directed to refer to this department’s O.M. No. Fin (Pen)B(10)-6/98-III dated 14th October, 2009 sanctioning revised rates of dearness relief installments, effective from 01-01-2006 onwards, and to say that the Governor, Himachal Pradesh is pleased to decide that dearness relief payable to the Himachal Pradesh Government Pensioners/Family Pensioners shall be enhanced from the existing rate of 27 % to 35 % w.e.f. 01-01-2010.

Pension before ONAM to the Central Government Pensioners in the State of Kerala

In continuation of this Office O.M. of even no. dated 5.8.2010 for disbursement of salary/wages of all Central Government employees in the State of Kerala for the month of August, 2010 on 20th August, 2010 on account of ONAM festival , the Government have decided that the pension of all Central Government pensioners in the State of Kerala for the month of August, 2010 may also be disbursed by the Banks/PAOs of Civil Ministries/Departments including Defence, Posts and Telecommunications on 20th August, 2010.

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