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Home Personal Finance Good news! Govt has established a new timeline for receiving pension and...

Good news! Govt has established a new timeline for receiving pension and gratuity on time

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New Delhi. To ensure that government employees retiring from service receive their pension and gratuity on time , the Department of Pension and Pensioners’ Welfare (DoPPW) has released a new, clear timeline.

This timeline is established under the Central Civil Services (Pension) Rules, 2021. It outlines the specific steps that must be completed before retirement. We are providing you with complete details here.

What is a superannuation pension?

First, understand what superannuation pension is. Superannuation is the pension an employee receives upon reaching the prescribed retirement age of 58 years of superior service and 60 years of basic service. This means that retirement upon reaching the age of majority is called superannuation.

DoPPW’s new timeline

What will happen before retirement and when?

15 months before – Retirement list will be prepared (Rule 54)

Each Head of Department (HoD) must prepare a list of employees retiring within the next 15 months by the 15th of each month. This means the countdown to retirement will begin 15 months in advance.

Government accommodation details will be verified 12 months ago (Rule 55)

If the employee lives in a government accommodation, his complete details will have to be taken one year before retirement so that the No Demand Certificate (NDC) can be obtained on time.

Service record will be checked 6-12 months ago (Rules 56 & 57)

This will be the most important task, starting 6-12 months in advance. This includes checking the service book and correcting any errors or omissions, so that there are no problems with pension calculations.

6 months ago – Submission of Employee’s Pension Form (Form 6-A)

As per Rule 57(2)(a), it is mandatory for the employee to submit his pension form (Form 6-A) 6 months before retirement.

Pension related matters (Rules 59 & 60) will have to be settled 4 months in advance.
The head of office must complete Part I of Form 7. This includes preparing a checklist, such as the Pension Calculation Sheet (Format 10), up to four months before retirement.

2 months ago – Pension Payment Order (PPO) issued

The Accounts Office is required to issue a PPO two months in advance of receipt of a pension case, after examining it. Under Rule 63(4)(a), a copy of the PPO and Form 6-A are sent to the Central Pension Accounting Office (CPAO) for affixing the Special Seal Authority. The Special Seal Authority will then issue the PPO within 21 days (Rule 63[4][b]).

Within 21 days of receipt of the PPO by the CPAO

A Special Seal of Authority has to be issued and sent to the Pension Disbursing Authority.

Pension will be paid on the day of retirement

As soon as the retirement date of the employee arrives, the pension disbursing authority immediately releases the pension to him.

This timeline of DoPPW has been made so that responsibility is fixed at every level and employees do not have to face any delay after retirement.

 

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