Monday, June 16, 2014

Pension Payment Orders on the Day of Retirement: Central Government Decides

The Central Government has decided to issue orders that will enable retiring employees to receive their Pension Payment Orders on the very day they retire. On Thursday, while speaking at the interactive Conference with the State Secretaries (Pension), Dr. Jitendra Singh, the Minister of State in the Ministry of Personnel, Public Grievances & Pensions, said, “ The Department of Pension & Pensioners’ Welfare is taking steps to ensure that the government employees continue to live a life of dignity.”

The press release from the Ministry of Personnel, Public Grievances & Pensions, said that the Department of Pension & Pensioner’s Welfare is taking a number of steps regarding speeding up and simplifying the process of verifying the records regarding pension disbursal. A new scheme, named Bhavishya, has been launched to issue sanctions for Pension Payment Orders online, to monitor the disbursal of pension funds, and other such activities.

There are currently more than 50 lakh employees working in various central Government departments, and 30 lakh pensioners who are receiving pensions.