Delay in remittance of revised pension by PNB

Delay in remittance of revised pension by PNB

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
RAJYA SABHA

QUESTION NO 2545
ANSWERED ON 09.08.2016

Delay in remittance of revised pension by PNB

2545 Sardar Balwinder Singh Bhunder

Will the Minister of FINANCE be pleased to satate :-

(a) whether it is a fact that Government has done away with the provision of having 33 years service for earning full pension;

(b) whether it is also a fact that all pre-2006 pensioners will be entitled to hike in pension in addition to arrears;

(c) if so, what are the reasons that in spite of instructions issued by Government, Punjab National Bank (PNB) have neither given increase, nor arrears so far to the pensioners having account with PNB branches; and

(d) what steps are being taken to ensure that all pensioners will get increased pension and arrears without any further delay on the part of PNB?

ANSWER
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI SANTOSH KUMAR GANGWAR)

(a) As per OM dated 02.09.2008 of the Department of Pension and Pensioners’ Welfare, once a Government servant has rendered the minimum qualifying service of 20 years, pension shall be paid at 50% of the emoluments or average emoluments received during the last 10 months, whichever is more beneficial to him/her.

(b) The pension of pre-2006 pensioners was revised with effect from 01.01.2006 vide Department of Pension and Pensioners’ Welfare’s OM No. 38/37/08- P&PW(A) dated 01.09.2008, as amended from time to time. These pre-2006 pensioners are also entitled to arrears of pension with effect from 01.01.2006.

(c) & (d) Punjab National Bank (PNB) is making payments in all central civil cases where “revision authority” is received from CPAO, whereas in case of defence pensioners, PNB has issued directions to all its branches to make payment in eligible cases. Pensioners may approach PNB authority through toll free number 1800 180 2222 or help desk 011- 25754671 along with details of PPO for calculating their arrears and enhanced pension. In central civil cases, PNB is making payments as an ongoing process, as and when authority is received from CPAO. Payment to all eligible defence pensioners are also being made as above.

Instructions to all Public Sector Banks were issued by Department of Financial Services on 02/12/2015 to clear the pending cases of pre-2006 pensioners

Source : Rajya sabha.nic.in

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1 thought on “Delay in remittance of revised pension by PNB”

  1. Gur Saran Parshad Suri

    Punjab National Bank is not the only bank in default.

    Bank of India, 4 Parliament Street, New Delhi has still not credited anything to my account No:15242 in compliance with CPAO’s REVISION AUTHORITY No::280628400262/1923551/A6 dated 22 June 2016 sent to their NAGPUR office (as always the routine for Pension Cases).

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