7th Pay Commission: Latest update for 55.1 lakh pensioners
Give govt employees freedom to choose fund managers: PFRDA
August 05, 2017
The 7th Pay Commission made several recommendations on the fixation of pension. The pension, as had been fixed at the time of implementation of the 6th Pay Commission recommendations, may be multiplied by 2.57 to arrive at an alternate value for the revised pension.
The 7th Pay Commission however recommended that the pensioners may be given the option of choosing the formulation which is more beneficial to them. …
Highlights of 7th Pay Commission report Ibnlive.com
April 12, 2016
New Delhi: Insurance regulator PFRDA wants government employees to be given freedom to choose their fund managers and investment pattern for money invested in Atal Pension Yojana. …
Oct 3, 2015
CHENNAI: A consumer forum here has fined State Bank of India 30,000 for not following the proper recovery proceedings after inadvertently crediting an excess amount in the pension account of a retired government official. …
Digital Certificate for Pensioners
New Delhi, Dec 05, 2014
Under the “Digital India Mission” Government of India has launched a Jeevan Pramaan application on 10.11.2014. the facility provides an option to a pensioner to give his life certificate remotely through the Jeevan Pramaan portal (https://jeevanpramaan.gov.in/). Aadhaar Number is used for authentication of pensioners. As a result of this facility the pensioner is not required to present himself before his pension disbursing agency or produce other documents that he is alive. Instructions related to submission and acceptance of ‘Jeevan Pramaan’ as additional mode for submission of life certificate have been issued to all the stakeholders by Controller General of Accounts. The Pension disbursing banks have been directed to implement the new life certification system immediately as an additional mode for submission of life certificate. This was stated by Shri Arun Jaitley, Finance Minister in written reply to a question in the Lok Sabha today. (Source: pib press release)
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