Central Government Issued New Guidelines to Check Delay in Pensions
Government of India has issued new guidelines regarding delayed pensions giving breather to the pensioners. Now an employee can send an undertaking directly to the bank to ensure quick disbursal of pension.
The Government has decided that the retiring employee can obtain requisite undertaking by the head office which then forwarded to the pension disbursing bank along with the Pension Payment Order (PPO).
Earlier the PPO had to be obtained from bank which used to cause delay in pension payment but now with the new guidelines, the pensioners would be saved of considerable inconvenience and delay and the pension will commence as soon as one retires.
The bank shall credit the pension to the account of the pensioner as soon as this undertaking is received along with the pension documents.
There were two reasons of delayed pension payment, first is the delay in receipt of intimation by the pensioner that pension papers have reached the bank and second delay on the part of pensioner in approaching the bank for submission of undertaking that he shall refund any amount paid to him to which he is not entitled.
To overcome these problems the new guidelines are issued which would benefit about 50 lakh central government employees and 30 lakh pensioners.