pensions

pramalkumarsamanta By pramalkumarsamanta, 23rd Sep 2014 | Follow this author | RSS Feed | Short URL http://nut.bz/121wq72t/
Posted in Wikinut>Money>Pensions

pension means residual pension along with Dearness relief payable at the rate of basic pension fixed so far on the basis of 50% of total basic pay +grade pay.Pensions are sanctioned by central pension accounting offices in respect of central government offices but in respect of state government employees,pension sanctioning authorities are principal auditor general.

Pension and pensioner

Pension is the residual pension along with Dearness relief payable at the rate of( basic pension fixed so far on the basis of 50% of total basic pay+ grade pay.Pension is payable on the last four working days of the month, In the matter of central government employees,pensions are sanctioned by Central pension accounting office. Government of India.where as in the matter of state government employees,pensions are sanctioned by the respective Principal auditor general of the state governments . As a result, there crops up many disparities between the pension of state and central government retired employees. But such disparities do not manifest in the sanction of pension of some state governments.The central and the state government retired employees are far better placed employees than those in the private sector establishment,Those private sector establishment employees are far better placed than those placed in un-organized sector. we are privileged to say that sanction and payment of pension by the respective bank authorities are also regular and punctual. They are very careful and sincere in their job.

central pension accounting office (cpao) and its guidelines

central pension accounting office issues guidelines for the banks and cental civil pensioners to follow strictly.There are several guidelines issued ,out of which Dearness relief is admissible on original pension and additional pension, if any, before commutation.Dearness Relief to pensioners should be paid by the bankers after getting copies of the government orders, now a days It is the intention of the government to see that no retired employees are put to any inconveniences.In due time the retired employees may get their dues like commuted value and gratuity.The pension sanctioning authorities are very much up to date,As a result the retired employees are also very much alert and careful about their updating service books before well ahead of their superannuation.

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