Automatic Restoration of Commutation of pension and payment of Additional pension

Automatic Restoration of Commutation of pension and payment of Additional pension

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

CPAO/lT&Tech/Simplification/2016-17/11.VOL-V/162

31.10.2016

Subject: Automatic Restoration of Commutation of pension and payment of Additional pension.

Attention is invited to this office 0M No. CPAO/Tech/Bank Performance/2015-16/45 dated 02.06.216 para No. (ii) & (iii) followed by minutes of the meeting with all Banks held on 22.08.2016 para Il (c) wherein all Banks were advised to restore the commuted portion of pension after 15 years from the date of payment of commutation and pay additional pension on attaining the age of 80 years both automatically. Now, all CPPCs are directed to submit the compliance report of the above instructions by 7th November. 2016 by e-mail, on e-mail id for onward transmission to DP&PW.

This issues with approval Of CC (p)

(Vijay Singh)
Sr.Accounting Officer(IT & Tech)

ADDITIONAL PENSION CALCULATOR

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2 thoughts on “Automatic Restoration of Commutation of pension and payment of Additional pension”

  1. Vaman Deshpande

    “Bhavishya” scheme introduced by GOI is a good gesture for the welfare of the retired Central Govt employees, in tracking their pension papers and sunbsequent monthly pension payments

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