Grant of Dearness Relief to Central Freedom Fighter Pensioners w.e.f. 01.07.2019

Grant of Dearness Relief to Central Freedom Fighter Pensioners w.e.f. 01.07.2019

No.45/08/2017-FF(P)
Government of India/ Bharat Sarkar
Ministry of Home Affairs/ Grih Mantralaya
Freedom Fighters & Rehabilitation Division

2nd Floor, NDCC-11 Building,
Jai Singh Road,New Delhi - 110 001,
Dated,the 5th November, 2019.

To
The Pr. Chief Controller of Accounts(Home),
Ministry of Home Affairs,
MDCNS, New Delhi-110 001

Subject: Grant of Dearness Relief to Central Freedom Fighter Pensioners w.e.f. 01.07.2019 - regarding.

Sir,
I am directed to refer to this Ministry's letter No.45/08/ 2017-FF(P) dated 26.03.2019 (copy enclosed) regarding 10% Dearness Relief to be paid to the freedom fighter pensioners w .e.f. 01.01.2019 and to say that recently Dearness Relief in respect of Central Government pensioners has been enhanced by 5% by the Government of India, Ministry of Personnel, Public Grievances & Pensions, Department of Pension & Pensioners’ Welfare, New Delhi’s O.M. No.42/04/ 2019-P&PW(D) dated 21.10.2019. Hence the Dearness Relief admissible to the Central Freedom Fighter/ spouse/ daughter pensioners shall be enhanced from the existing rate of 10% to 15% w .e.f. 01.07.2019. All the banks are requested to calculate the arrears w.e.f. 01.07.2019.

Also check: Enhancement of Pension for Freedom Fighters under the Swatantrata Sainik Samman Pension Scheme

The payment of arrears of Dearness Relief shall not be made before the date of disbursement of pension/ family pension of October, 2019. The revised amount of pension for various categories of pensioners after increase of 5% DR i.e. total 15% Dearness Relief will be as follows:

SI No.	Category of freedom fighters	Basic amount of pension (per month)	Enhanced amount of pension after adding 15% DR (per month) w.e.f. 01.07.2019.
1.	Ex-Andaman Political prisoners/ spouses	Rs.30,000/-	Rs.34,500/-
2.	Freedom fighters who suffered outside British India/ spouses	Rs.28,000/-	Rs.32,200/-
3.	Other Freedom fighters/ spouses including INA	Rs.26,000/-	Rs.29,900/-
4.	Dependent parents/ eligible daughters (maximum 3 daughters at any point of time)	50% of the sum that would have been admissible to the freedom fighters, i.e. in the range of Rs.13,000/- to Rs.15,000/-	50% of the sum that would have been admissible to the freedom fighters, i.e. in the range of Rs.14,950/- to Rs.17,250/-

Further, it is also clarified that as per Policy Guidelines dated 06.08.2014, TDS is not applicable in respect of Central Samman Pension.

This issues with the approval of Competent Authority.

Yours faithfully,

(Meenu Batra)
Deputy Secretary to the Government India & CPIO
Tele no: 23438062
e-mail: meenu.batra66@ nic in

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National Pension Scheme for Traders and Self Employed Persons

NPS

Ministry of Labour & Employment
Prime Minister launches National Pension Scheme for Traders and Self Employed Persons

12 SEP 2019

The Prime Minister of India, Shri Narendra Modi launched at Ranchi today, the National Pension Scheme for Traders and Self Employed Persons, a pension scheme for the Vyaparis (shopkeepers /retail traders and self-employed persons) with annual turnover not exceeding Rs 1.5 crore. The Governor of Jharkhand Smt. Draupadi Murmu, Chief Minister of Jharkhand Shri Raghubar Das, Minister of Tribal Affairs Shri Arjun Munda, Minister of State for Labour & Employment (I/C) Shri Santosh Kumar Gangwar and other dignitaries were also present on the occasion. With this nation-wide launch, the facility for enrollment under the scheme has been made available to the prospective beneficiaries through 3.50 lakh Common Service Center (CSCs) across the country. In addition people can also self-enroll by visiting the portal maandhan.in/vyapari. The eligible Vyaparis can visit their nearest CSCs and get enrolled under the scheme. At the time of enrollment, the beneficiary is required to have an Aadhaar card and a saving bank/ Jan-dhan Account passbook only. He/ She should be within 18 to 40 years of age group. GSTIN is required only for those with turnover above Rs. 40 lakhs. The enrolment under the scheme is free of cost for the beneficiaries. The enrolment is based upon self- certification.

Government has approved National Pension Scheme for Traders and Self Employed Persons in acknowledgement of notable contribution of Vyaparis (shopkeepers/ retail traders and self-employed persons). It is a voluntary and contributory pension scheme for entry age of 18 to 40 years with a provision for minimum assured pension of Rs 3,000/- monthly on attaining the age of 60 years. The beneficiary should not be income tax payer and also not a member of EPFO/ ESIC/ NPS (Govt.)/ PM-SYM. The Central Government shall give 50 % share of the monthly contribution and remaining 50% contribution shall be made by the beneficiary. The monthly contribution is kept low to make it affordable. For example, a beneficiary is required to contribute as little as Rs.100/- per month at a median entry age of 29 years.

This pension scheme is one of the top priorities of Prime Minister Narendra Modi’s Government in its second term. According to the Ministry’s 100-day plan, this scheme will target enrolling 25 lakh subscribers in 2019-20 and 2 crore subscribers by 2023-2024. An estimated 3 crore Vyaparis in the country are expected to be benefited under the pension scheme.

PIB

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CPAO: Procedure for extending the benefits of Old GPF / Pension Scheme to those casual workers covered under the Scheme of 1993 and regularized on or after 01.01.2004

CPAO: Procedure for extending the benefits of Old GPF / Pension Scheme to those casual workers covered under the Scheme of 1993 and regularized on or after 01.01.2004

CPAO

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

CPAO/IT&Tech/Clarification/P&PW/13 (Vol-III)/2018-19/68

13.07.2018

Office Memorandum

Subject : Procedure for extending the benefits of Old GPF / Pension Scheme to those casual workers covered under the Scheme of 1993 and regularized on or after 01.01.2004.

It has been observed that the pension cases of casual labor who were regularized on or after 01.01.2004 and eligible for old GPF/Pension Scheme vide DOPT OM No.49014/2/2014-Estt(C) dated 28.07.2016 have not been processed by the concerned Ministries/Departments. In order to avoid the hardship to the pensioners all the Ministries/Departments/PAOs have been requested to finalise the pension cases of the pensioners after following the procedure below:

1) Deptt. may issue the order that the old GPF Scheme/ Pension Scheme is applicable to the concerned official.
2) CPAO may be requested through concerned Pay & Accounts Office to stop Provisional Pension after cancellation of PPO, if issued.
3) NSDL may be requested by the concerned PAO to deposit the NPS subscription, Govt. Contribution plus interest thereon into the Govt. Account through ERM of NSDL.
4) On receipt of the amount it may be classified by the concerned PAO as below:

Sl.No	Component	Head of Account
i)	Adjustment of employee's contribution in Accounts	Amount may be credited to the individual,s GPF Account and the account may be recast permitting upto date interest as applicable from time to time (FR-16 & Rule 11 of GPF Rule)
ii)	Adjustment of Government contribution under NPS in Accounts	To be accounted for as [-) Dr.to object Head "70 Deduct Recoveries under major Head 2071 - Pension and Other Retirement Benefits" and Minor Head "911 Deduct Recoveries of Over payment" (Para 3.10 of List of Major Minor Heads)
(iii)	Adjustment of increased value of subscription account of appreciation of investment	May be accounted for by crediting the amount to Govt. Account under Major Head "0071- Contribution and Recoveries towards pension and Other Retirement Benefits" and Minor Head "800-Other Receipts". (Note under the above Major Head in List of Major Minor Heads)

5) GPF and Pension case of the concerned official may be processed as per the GPF Rules and CCS (Pension) Rules, 1972 after adjusting the Provisional Pension paid to the pensioner, if paid.
This issues with the approval of the Chief Controller (Pensions).

(Praful Dabral)
Sr. Accounts Officer (IT & Tech)

Source:cpao.nic.in

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Whether Government proposes to restore the old Pension Scheme for Armed Forces that was in vogue till 1971

Whether Government proposes to restore the old Pension Scheme for Armed Forces that was in vogue till 1971

GOVERNMENT OF INDIA
MINISTRY OF DEFENCE
LOK SABHA

UNSTARRED QUESTION NO: 5651
ANSWERED ON: 07.04.2017

Pension Scheme for Armed Forces

RAGHAV LAKHANPAL
Will the Minister of DEFENCE be pleased to state:-

(a) whether the Government proposes to restore the old pension scheme of the Armed Forces that was in vogue till 1971 which clearly defined pension as 70 per cent of last pay drawn and if so, the details thereof;
(b) the time by which the Government plans to set up a committee to review the present pension scheme which pegs pension at 50 per cent of last pay drawn;
(c) if so, the details thereof; and
(d) the other steps taken by the Government in this regard?

ANSWER

MINISTER OF STATE (DR. SUBHASH BHAMRE) IN THE MINISTRY OF DEFENCE
(a) No, Madam. Under the old pension scheme, the concept of standard period of service and standard rate of pension was in vogue for Armed Forces personnel. In this scheme, standard retiring pension, service pension were related to Rank and the prescribed length of service but it was neither linked to the emoluments nor to the service beyond the prescribed period of standard service.
(b) There is no such proposal.
(c) & (d): Does not arise.

Source: Loksabha

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Pension Scheme for Short Service Commission Officers

Pension Scheme for Short Service Commission Officers

 

GOVERNMENT OF INDIA
MINISTRY OF DEFENCE
LOK SABHA

UNSTARRED QUESTION NO: 4987

ANSWERED ON: 31.03.2017

Pension Scheme for SSC Officers

KRUPAL BALAJI TUMANE
BHAVANA GAWALI (PATIL)
HARIOM SINGH RATHORE

Will the Minister of DEFENCE be pleased to state:-

(a) whether the Government proposes to start a pension scheme for the Short Service Commission (SSC) officers in the defence sector;

(b) if so, the details thereof;

(c) whether the Government proposes to sanction pension for the defence personnels serving less than fifteen years and if so, the details thereof;

(d) whether the Government has received any representation from the Military Service Pensioners Association in this regard and if so, the details thereof and the action taken by the Government in this regard; and

(e) whether the Government proposes to launch any other welfare schemes for the military personnels who had served for less than fifteen years and if so, the details thereof?

ANSWER

MINISTER OF STATE (DR. SUBHASH BHAMRE) IN THE MINISTRY OF DEFENCE

(a) & (b): At present, the Short Service Commissioned officers granted commission from other rank are entitled to pension on completion of 12 years of qualifying service. However, Short Service Commissioned officer who is granted commission from direct civil life is entitled to Terminal Gratuity only. There is no new proposal under consideration.

(c) Presently there is no such proposal.

(d) No, Madam.

(e) At present, there is no such proposal.

Source : Lok Sabha

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Confederation of Central Government employees: PRESS STATEMENT Dated 2nd September 2016

Confederation of Central Government employees: PRESS STATEMENT Dated 2nd September 2016

PRESS STATEMENT
Dated 2nd September 2016

The initial report received at the Confederation Central Head Quarters indicate the participation of about ten lakhs Central Government employees in today’s nationwide general strike action of the Indian Working Class. Earlier, endorsing the call of the Central Trade Unions, the Confederation of Central Government employees and workers had called upon the Central Government employees to take part in the one-day strike to compel the Government to withdraw the anti-people and anti-labour neo-liberal policies pursued by the Central Government.

Offices of the Postal, Income Tax, Ground Water Board, Survey of India, Geological Survey of India, Printing and Stationery department, Botanical Survey of India, Indian Bureau of Mines, RMS offices, census department, Indian Space Research organization, Central Government Health Scheme, Atomic Energy, Medical Stores depots, Film Institute of India, AGMARK, Indian Council for Medical Research, Film division and various other autonomous scientific and research institutions etc. remained closed and the work completely paralysed.

The strike also affected the functioning of various offices of Indian Audit & Accounts department, Civil Accounts, Central Excise and Customs, CPWD etc. Total civilian employees of various Defence organisations and Defence Accounts Departments participated in the strike. The Strike was total in Kerala, West Bengal, Tamilnadu, Andhra, Telangana, Jharkhand, Chattisgarh, Odisha, Assam, North Eastern states, Karnataka, Maharashtra, Punjab, Madhya Pradesh and 70 to 80% in other states.

The Central Government employees were particularly unhappy over the totally negative attitude of the NDA Government towards their demands while implementing 7th Central Pay Commission recommendations. Ban on creation of new posts, non-filling up of about six lakhs vacant posts, introduction of New Contributory Pension Scheme, non-regularisation of Gramin Dak Sevaks and casual, contract workers, ceiling on compassionate appointments, rejection of the demand for increase in the minimum wage and fitment formula, reduction in the percentage of House Rent Allowance, abolition of 52 allowances etc. are some of the retrograde measures taken by the Central Government.

The Confederation National Secretariat Congratulates the Central Government employees, who undertook intensive campaign to make the strike a grand success. The Confederation salutes all its members for their whole hearted participation in the strike and making it an unprecedented success.

M. Krishnan
Secretary General

Confederation

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Enhancement of Pension for Freedom Fighters under the Swatantrata Sainik Samman Pension Scheme

Enhancement of Pension for Freedom Fighters under the Swatantrata Sainik Samman Pension Scheme

The existing pension scheme for Central freedom fighter pensioners and their eligible dependents has been restructured as per the table below:

Sl. No.	Category of freedom fighters	Present amount of pension (per month)	Enhanced amount of pension(per month)
1.	Ex-Andaman Political Prisoners/ spouses	Rs.24,775/-	Rs.30,000/-
2.	Freedom fighters who suffered outside British India/spouses	Rs.23,085/-	Rs.28,000/-
3.	Other Freedom Fighters/ spouses including INA	Rs.21,395/-	Rs.26,000/-
4.	Dependent parents/ eligible daughters (maximum 3 daughters at any point of time)Rs.3,380/- (dependent parents)	Rs.5,070/- (daughters)	50% of the sum that would have been admissible to the Freedom Fighter i.e. in the range of Rs.13,000/- to Rs. 15,000/-

The revised scale shall take effect from 15.08.2016.

The existing Dearness Relief system based on All India Consumer Price Index for Industrial workers, which was hitherto applied to freedom fighter pensioners on annual basis, is being discontinued and replaced by the Dearness Allowance system applicable to Central Government employees twice a year.

All freedom fighters and spouses and dependent parents/eligible daughter pensioners of deceased freedom fighters drawing pension under the Swatantrata Sainik Samman Pension Scheme, 1980 would be benefitted by the decision. So far, total 1,71,605 freedom fighters and their eligible dependents have been sanctioned pension under the scheme. At present 37,981 freedom fighters and their eligible dependent pensioners are covered under the scheme. Of these, 11,690 are freedom fighters themselves, 24,792 are spouses(widows/widowers) and 1,499 are daughter pensioners.

In 1969, Government of India introduced the ‘Ex-Andaman Political Prisoners Pension Scheme’ to honour the freedom fighters who had been incarcerated in the Cellular Jail at Port Blair. In 1972, to commemorate the 25th Anniversary of our Independence, a regular scheme for grant of freedom fighters’ pension was introduced. Thereafter, with effect from 01.08.1980, a liberalized scheme, namely the ‘Swatantrata Sainik Samman Pension Scheme’ is being implemented. Besides the freedom fighters, spouses (widows/widowers), unmarried and unemployed daughters (upto maximum three at any point of time) and parents of deceased freedom fighters are eligible for pension under the scheme.

PIB

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Union Minister of State Reply – No proposal to introduce any new pension scheme for retired Central Government employees

Union Minister of State Reply – No proposal to introduce any new pension scheme for retired Central Government employees

Schemes for Retired Employees

The pension of Central Civil Government servants appointed on or before 31.12.2003 is governed by the Central Civil Services (Pension) Rules 1972 or the corresponding Pension Rules of other Services/Departments such as All India Services and Railways.

The Central Civil Government Servants appointed on or after 01.01.2004 are governed by the Defined Contribution-based Pension Scheme under the National Pension System.

The personnel belonging to the Defence Services continue to be eligible for pension under Defined Benefit Pension Rules applicable to defence personnel.

There is no proposal to introduce any new pension scheme for retired Central Government employees.
This was stated by the Union Minister of State (Independent Charge) Development of North-Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr. Jitendra Singh in a written reply to a question by Smt. Rekha Verma in the Lok Sabha today.

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Provision of Minimum Pension of Rs.1000 per month the Pensioners under the Employees Pension Scheme 1995

Provision of Minimum Pension of Rs.1000 per month the Pensioners under the Employees Pension Scheme 1995 

Office Of the Principal Controller of Defence Accounts (Central Command)
Cariappa Road, Cantt., Lucknow, Pin code – 226002

No.PT/3088/CGDA/Vol-VI

Date: 19-05-2016

To,
1. The Area Accounts Office (CC) Allahabad
2. The Area Accounts Office (CC) Kanpur
3. The Officer in-Charge Pay-I/II/III & Store Audit (Local)

Sub: Provision of Minimum Pension of Rs.1000 per month the Pensioners under the Employees Pension Scheme 1995 – publicity of.

Ref: HQr Office letter No.AT/V/DAD/15001/EPS-1995 dated 10-05-2016.

Please find enclosed a copy of Ministry of Defence. D (Civ-II) Section ID No.20(1)/2016/D (civ-II) dated 01-04-2016 received from HQr office regarding the subject matter is forwarded herewith for your information and necessary action please.
Encl: As above

sd/-
ACDA(PT)

—

Office of the Controller General Of Defence Accounts

Ulan Batar Road, Palam, Delhi Cantt. – 110010

No.AT/V/DAD/15001/EPS – 1995

Dated: 06-05-2016

To
All PCDAs/CDAs
PCDA(CC) Lucknow

Sub: Provision of Minimum Pension of Rs.1000 Per month the pensioners under the Employees pension Scheme 1995 – publicity of.

Please find enclosed a copy of Ministry of Defence, D (Civ-II) Section ID No.20(1)/2016/D (Civ-II) dated 01.04.2016 on the above mentioned subject is forwarded herewith for information and necessary action please.
Encls: As stated above.

sd/-
Rajesh Sharm
S.A.O. (AT/P)

—–

Ministry Of Defence
D(Civ-II) section

Subject: Provision of Minimum Pension of Rs.1000 Per month the Pensioners under the Employees Pension Scheme, 1995 – publicity of

The Employees Provident Funds & Misc Provision (EPF&MP) Act gives the framework for operating three important social security schemes for the workers of the country. These Schemes are (i) The Employees Provident Funds (EPF) Scheme 1952; (ii) The Employees Pension Scheme (EPS) 1995; and (iii) The Employees Deposit Linked Insurance (EDLI) Scheme, 1976. Under the provisions of the Employees pension scheme, 1995, pension security is provided for the employees who joined on or after 16.11.1995. In order to provide a bare minimum amount as pension which may help towards social security of EPS Pensioners, the Govt had started providing a minimum pension of Rs.1000/- p.m. to the pensioners under the scheme initially form 1.9.2014 for the year 2014-15.

sd/-
(Gurdeep Singh)
Under Secretary

—

Ministry Of Defence (Finance)
DAD – Coord

Room No.24-A, south Block, New Delhi

Sub: Provision of Minimum Pension of Rs.1000 Per month the Pensioners under the Employees Pension Scheme, 1995 – publicity of.

A copy of Ministry of Defence D(Civ-II) Id bearing No.20(1)/2016/D(Civ-II) dated 01.04.2016 on the above mentioned subject is forwarded herewithfor information and necessary action please.

sd/-
(Rajesh Kalia)
SO (DAD Coord)

Source: http://pcdacc.gov.in/

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ATAL PENSION YOJANA – BENEFITS AND FEATURES

Pension Fund Regulatory and Development Authority

First Floor, ICADR Building, Plot No 6, Institutional Area Phase II,

Vasant Kunj, New Delhi-110070

ATAL PENSION YOJANA – BENEFITS AND FEATURES

1. Anybody in the age group of 18-40 years can join !!

2. You can choose your pension plan from Rs 1,000/- to Rs 5,000/- per month.

3. Your contribution depends on your age and the pension plan you choose!

4. You can be a member of any existing PF/Pension scheme such as EPF/PPF/Govt. pension and still join APY!

5. You can be an Income tax payer and still join APY.

6. For (4) and (5) above, Govt. Co-contribution is not available but Govt. guarantee for pension will be available!

7. Govt. Co-contribution of 50% of subscribers’ contribution or Rs 1,000/- per annum, whichever is lower will be available for five years only to subscribers joining by 31st December 2015.

The monthly contribution chart for different age groups and pension amounts is given below:

Joining Age	Years of Contribution	Indicative Monthly Contribution under APY (Rs.)
		Monthly pension of Rs. 1000. Indicative return of corpus Rs 1.70 lacs	Monthly pension of Rs. 2000. Indicative return of corpus Rs3.40 lacs	Monthly pension of Rs. 3000. Indicative return of corpus Rs 5.10 lacs	Monthly pension of Rs. 4000. Indicative return of corpus Rs 6.80 lacs	Monthly pension of Rs. 5000. Indicative return of corpus Rs 8.50 lacs
18	42	42	84	126	168	210
19	41	46	92	138	183	228
20	40	50	100	150	198	248
21	39	54	108	162	215	269
22	38	59	117	177	234	292
23	37	64	127	192	254	318
24	36	70	139	208	277	346
25	35	76	151	226	301	376
26	34	82	164	246	327	409
27	33	90	178	268	356	446
28	32	97	194	292	388	485
29	31	106	212	318	423	529
30	30	116	231	347	462	577
31	29	126	252	379	504	630
32	28	138	276	414	551	689
33	27	151	302	453	602	752
34	26	165	330	495	659	824
35	25	181	362	543	722	902
36	24	198	396	594	792	990
37	23	218	436	654	870	1,087
38	22	240	480	720	957	1,196
39	21	264	528	792	1,054	1,318
40	20	291	582	873	1164	1454

SUBMIT YOUR APPLICATION FORM AT YOUR BANK BRANCH

For more information, Please call on our APY Toll free No. 1800110069

Source: PFRDA

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PFRDA: ATAL PENSION YOJANA – BENEFITS AND FEATURES

Pension Fund Regulatory and Development Authority
First Floor, ICADR Building, Plot No 6, Institutional Area Phase II,
Vasant Kunj, New Delhi-110070

ATAL PENSION YOJANA – BENEFITS AND FEATURES

1. Anybody in the age group of 18-40 years can join !!

 

2. You can choose your pension plan from Rs 1,000/- to Rs 5,000/- per month.

 

3. Your contribution depends on your age and the pension plan you choose!

 

4. You can be a member of any existing PF/Pension scheme such as EPF/PPF/Govt. pension and still join APY!

 

5. You can be an Income tax payer and still join APY.

 

6. For (4) and (5) above, Govt. Co-contribution is not available but Govt. guarantee for pension will be available!

 

7. Govt. Co-contribution of 50% of subscribers’ contribution or Rs 1,000/- per annum, whichever is lower will be available for five years only to subscribers joining by 31st December 2015.

 

The monthly contribution chart for different age groups and pension amounts is given below:
 

 

Joining Age	Years of Contribution	Indicative Monthly Contribution under APY (Rs.)
		Monthly pension of Rs. 1000. Indicative return of corpus Rs 1.70 lacs	Monthly pension of Rs. 2000. Indicative return of corpus Rs3.40 lacs	Monthly pension of Rs. 3000. Indicative return of corpus Rs 5.10 lacs	Monthly pension of Rs. 4000. Indicative return of corpus Rs 6.80 lacs	Monthly pension of Rs. 5000. Indicative return of corpus Rs 8.50 lacs
18	42	42	84	126	168	210
19	41	46	92	138	183	228
20	40	50	100	150	198	248
21	39	54	108	162	215	269
22	38	59	117	177	234	292
23	37	64	127	192	254	318
24	36	70	139	208	277	346
25	35	76	151	226	301	376
26	34	82	164	246	327	409
27	33	90	178	268	356	446
28	32	97	194	292	388	485
29	31	106	212	318	423	529
30	30	116	231	347	462	577
31	29	126	252	379	504	630
32	28	138	276	414	551	689
33	27	151	302	453	602	752
34	26	165	330	495	659	824
35	25	181	362	543	722	902
36	24	198	396	594	792	990
37	23	218	436	654	870	1,087
38	22	240	480	720	957	1,196
39	21	264	528	792	1,054	1,318
40	20	291	582	873	1164	1454

 

SUBMIT YOUR APPLICATION FORM AT YOUR BANK BRANCH

For more information, Please call on our APY Toll free No. 1800110069

Source: PFRDA

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One Rank One Pension Scheme to Cost Exchequer Rs. 7,500 – 10,000 Crore

‘One Rank One Pension’ Scheme to Cost Exchequer Rs. 7,500 – 10,000 Crore

NEW DELHI: Implementation of ‘One Rank One Pension’ scheme, the long-standing demand of Armed Forces veterans, is likely to cost the exchequer Rs. 7,500 crore to Rs. 10,000 crore, Union Minister Rao Inderjit Singh said today.

The government has already made it clear that One Rank One Pension (OROP) will be implemented with effect from April 1, 2014, the Minister of State for Defence told reporters in Chandigarh.

He said that the Defence Ministry had recently forwarded to the Finance Ministry the cost which the scheme’s implementation would entail.

“It is likely to cost us somewhere between Rs. 7,500 crore to Rs. 10,000 crore,” he said, adding that the previous UPA government had made a mere announcement with regard to OROP.

“During the past four to five months, we have gone deep into this. We have calculated the entire cost now,” he said.

On being asked about Jammu and Kashmir Chief Minister Mufti Mohmmad Sayeed’s statement that his government will proceed with phased removal of AFSPA after consulting the Army, Mr Singh said that it is true that the Army has expressed its reservations about it.

The Army had yesterday said it was against any move to dilute the Armed Forces Special Powers Act (AFSPA) in Jammu and Kashmir.

“One thing is clear that there cannot be any unilateral decision on this,” he said.
He said that gradual withdrawal is everybody’s hope, “though that can only be possible when peace returns to the state.”

Responding to another question, Singh said that he would like the PDP-BJP coalition in Jammu and Kashmir to be given a chance to deliver.

“Before people start taking potshots at us, I would say let we be given a chance to deliver. If we fail, then may be, people have the right to criticise,” he said.

Meanwhile, Mr Singh said that more Sainik Schools would be set up in various states of the country so that students could be trained to become competent officers to serve the Armed Forces which faces a shortfall of 7,500 officers.

He said that efforts will also be made to woo people to join the Army in areas where joining the force was a tradition.

Source: NDTV

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Indian Government News: One Rank One Pension Scheme

One Rank One Pension Scheme

Press Information Bureau Government of India
Ministry of Defence

13-March, 2015

The principle of One Rank One Pension for the Armed Forces has been accepted by the Government. The modalities for implementation have been discussed with various stakeholders and are presently under consideration of the Government. Financial implication could be calculated, once the modalities are finalized and approved by the Government.

Possible amendments to the pension policies are being examined with a view to reduce litigation for removing disparities in pension of various ex-servicemen.

This information was given by Defence Minister Shri Manohar Parrikar in a written reply to Shri Mullappally Ramachandran and others in Lok Sabha today.

DM/NAMPI/HH/RAJ

PIB

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Pension Scheme for Military Personnel and Financial Assistance from Raksha Mantri’s Discretionary Fund (RMDF): Lok Sabha Q&A

Pension Scheme for Military Personnel and Financial Assistance from Raksha Mantri’s Discretionary Fund (RMDF): Lok Sabha Q&A:-

GOVERNMENT OF INDIA
MINISTRY OF DEFENCE
LOK SABHA

UNSTARRED QUESTION NO 852
ANSWERED ON 27.02.2015

PENSION SCHEME FOR MILITARY PERSONNEL

852 . Premachandran Shri N.K.

Will the Minister of DEFENCE be pleased to state:-

(a) whether the Government proposes to introduce pension scheme for short service candidates and if so, the details thereof;
(b) whether the Government proposes to sanction pension for military personnels having less than fifteen years of service, if so, the details thereof;
(c) whether the Government received a representation from Military Service Pensioners Association in this regard;
(d) if so, the details thereof and the action taken by the Government thereon;
(e) whether the Government proposes to introduce welfare scheme for military personnels having less than fifteen years of service; and
(f) if so, the details thereof? 

ANSWER

MINISTER OF STATE (RAO INDERJIT SINGH) IN THE MINISTRY OF DEFENCE

(a) At present, the Short Service Commissioned officers granted commission from other rank are entitled to pension on completion of 12 years of qualifying service. However, Short Service Commissioned officer who is granted commission from direct civil life is entitled to Terminal Gratuity only. There is no new proposal under consideration.
(b) Presently there is no such proposal.
(c) No, Madam.
(d) Does not arise, in view of (c) above.
(e) & (f): There are certain welfare schemes, administered by Kendriya Sainik Board for non- pensioners. Details are enclosed as per Annexure. There is no proposal at present to introduce any new welfare scheme.

WELFARE SCHEMES
KENDRIYA SAINIK BOARD

1. Financial Assistance from Raksha Mantri’s Discretionary Fund (RMDF):

Ser	Grants	Amount (in Rs)
(a)	Penury Grant (65 Yrs): (Non-Pensioners upto Hav Rank)	1,000/-pm (life time)
(b)	Education Grant: (i)Boys/Girls upto Grdn. (ii)Widows PG (Non-Pensioners upto Hav Rank)	1,000/-pm
(c)	Officer Cadet Grant (for Cadets of NDA only): (Pensioner/Non-Pensioner upto Hav Rank)	1,000/-pm
(d)	Disabled Children Grant: (Pensioner/Non-pensioner upto Hav Rank))	1,000/-pm
(e)	House Repair Grant: (Pensioner/Non-Pensioner upto Hav Rank) 100% Disabled ESM. Orphan Daughter (of all ranks)	20,000/-
(f)	Marriage Grant: (Pensioner/Non-Pensioner upto Hav Rank) Widow Re-Marriage Grant: (Pensioner/Non-Pensioner upto Hav Rank)	16,000/-
(g)	Funeral Grant: (Pensioner/Non-Pensioner upto Hav Rank)	5,000/-
(h)	Medical Grant: (Non-Pensioners upto Hav Rank) Medical Grant: (Pensioner/Non-pensioner upto Hav Rank Nepal)	30,000/- (Max)
(i)	Orphan Grant: (Pensioner/Non-pensioner All Ranks) Daughters of ex-servicemen till she is married. One Son of ex-servicemen upto 21 years of age.	1,000/-pm
(j)	Vocational Training Grant For Widows: (Pensioner/Non-Pensioner upto Hav Rank)	20,000/- (One time)

2. Serious Diseases (Listed Only) Grant from AFFD Fund:-

(a)Serious Diseases:- Angioplasty, Angiography, CABG, Open Heart Surgery, Valve Replacement, Pacemaker Implant, Renal Implant, Prostate Surgery, Joint Replacement and Cerebral Stoke.(b)Other Diseases: Where more than Rs.1.00 Lac has been spent on treatment.	75% / 90% of total expenditure (Officer and PBOR respectively). Upto a maximum of Rs. 1.25 Lac.
(c)Dialysis and Cancer treatment:	75% / 90% of total expenditure (Officer and PBOR respectively). Upto a maximum of Rs.75,000/- per FY only.

Annexure Source: http://164.100.47.132/Annexture_New/lsq16/4/au852.htm

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EPFO Pension Scheme: Age Limit May Be Raised

EPFO Pension Scheme: Age Limit May Be Raised

New Delhi: The Employees’ Provident Fund Organisation’s trustees in a meeting on Thursday will consider a proposal to raise the age limit from 58 to 60 years for vesting of pension under the Employees’ Pension Scheme (EPS-95).

At present, a formal sector worker covered under the EPS-95 can make contributions towards the pension scheme till the age of 58 years and can claim pension after that.

The Pension Implementation Committee (PIC) has recommended an increase in the age for vesting pension to 60 years, while suggesting that the actuary should be asked to develop a model to give incentive to those persons who opt for drawing pension at the age of 60 years.

An actuary analyses financial consequences of risk after studying uncertain future events, particularly of concerns to pension and insurance plans.

Raising the age limit would reduce the deficit in pension fund and would increase the pension benefits of members as there would be two additional years of service, as per the agenda listed for the meeting of the Employees’ Provident Fund Organisation’s apex decision making body – Central Board of Trustees (CBT).
According to a report of the valuer on the scheme, increasing the age limit would reduce the shortfall in the pension fund to the extent of Rs 27,067 crore.

The level of deficit is not a matter of concern, though it is recommended that the retirement fund body should look into investment returns more carefully and not increase benefits without consulting the actuary, and do sensitivity analysis more frequently, the valuer has suggested.

As per the the valuer, appointed by EPFO, net liability or deficit is Rs 10,855 crore as of March 31, 2012, Rs 6,712.96 crores as of March 31, 2013 and Rs 7,832.74 crore as of March 31, 2014.

It is also proposed by the committee to increase the short service pension entitlement age from 50 years to 55 years. This measure would reduce the shortfall in pension fund to the extent of Rs 12,028 crore.

At present, members can ask for fixing pension at attaining the age of 50 years provided they have served for at least 10 years.

It is also proposed that the pensionable salary should be determined on the basis of 36 months average wages immediately preceding the date of exit from the scheme in place of existing 60 months.

It may be noted that there is no bar of any kind for contributing towards other social security schemes run by the Employees’ Provident Fund Organisation (EPFO) – Employees’ Provident Fund Scheme 1952 and Employees’ Deposit Linked Insurance Scheme 1976.

Read at: NDTV Profit

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Pension scheme in NVS

Pension scheme in NVS

GOVERNMENT OF INDIA
MINISTRY OF HUMAN RESOURCE DEVELOPMENT
RAJYA SABHA

UNSTARRED QUESTION NO-1612

ANSWERED ON-08.12.2014

Pension scheme in NVS

1612 . Shri Arvind Kumar Singh

(a) whether Government is aware of the fact that the retired teachers and officials of Navodaya Vidyalaya Samiti (NVS) are leading a precarious life after retirement, as the provision for pension was not available to the employees who joined before 2004, prior to introduction of New Pensions Scheme;
(b) whether Government is planning to provide pensions to such retired teachers and officials;
(c) if so, by when such pension would be disbursed and the details thereof; and
(d) if not, the reasons therefor?

 

ANSWER

MINISTER OF HUMAN RESOURCE DEVELOPMENT
(SMT. SMRITI ZUBIN IRANI)

(a) to (d) The employees of Navodaya Vidyalaya Samiti had been given the benefit of Contributory Provident Fund (CPF) scheme since its inception. Subsequently, the Government had approved introduction of New Pension Scheme (NPS) for all regular employees of the Navodaya Vidyalaya Samiti (NVS) joining on or after 01.04.2009. However, those employees who joined NVS on regular basis before 01.04.2009 were given the option vide NVS’s notification dated 04.08.2009 either to continue with the existing Contributory Provident Fund (CPF) scheme or to join the New Pension Scheme. This option was to be exercised latest by 03.11.2009. Thus, the Government has already provided post retirement benefits of either CPF Scheme or NPS to the employees of NVS including teaching and non-teaching staff.

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