Payment of Additional quantum of pension at the rates approved by the Government of India: CPAO writes to Bank
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMETN OF EXPENDITURE
CENTRAL PENSION ACCOUNTING OFFICE
TRIKOOT-II, BHIKAJI CAMA PLACE,
CPAO/IT & Tech/Bank Performance/ 37 Vol. III A/7674/ 213
Subject: Payment of Additional quantum of pension at the rates approved by the Government of India
During the inspection by the Director General of Audit (Finance & Communication), Delhi, it is observed that the CPPCs are paying the additional quantum of pension at different rates than the rates approved by the Government of India.
Attention is invited to DPPW’s OM dated 04.08.2016 wherein the rates of additional quantum of pension are explicitly mentioned. The quantum of pension/family pension to be payable to the old pensioners/family pensioners is as under-
|Age of the pensioner/family pensioner payable||Additional quantum of pension to be payable|
|From 80 years to less than 85 years||20% of revised basic pension/family pension|
|From 85 years to less than.90 years||30% of revised basic pension/family pension|
|From 90 years to less than 95 years||40% of revised basic pension/family pension|
|From 95 years to less than 100 years||50% of revised basic pension/family pension|
|100 years or more||100% of revised basic pension/family pension|
All the Authorised Banks are directed to adhere to the rates mentioned above and ensure strict compliance of the same.
This issues with the approval of the Chief Controller (Pensions).
(Dy. Controller of Accounts)
1. All the Heads of CPPCs of all the Authorised Banks
2. All the Heads of GBDs of Authorised Banks