Payment of Additional quantum of pension at the rates approved by the Government of India – CPAO OM dated 31.03.2022

Payment of Additional quantum of pension at the rates approved by the Government of India – CPAO OM dated 31.03.2022

Payment of Additional quantum of pension at the rates approved by the Government of India – CPAO OM dated 31.03.2022

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF EXPENDITURE
CENTRAL PENSION ACCOUNTING OFFICE
TRIKOOT-II, BHIKAJI CAMA PLACE,
NEW DELHI-110066

CPAO/IT & Tech/Bank Performance/37 Vol. III A/7674/ 2/3

31.03.2022

Office Memorandum

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 pensionerAdditional quantum of pension to be payable
From 80 years to less than 85 years20% of revised basic pension/family pension
From 85 years to less than 90 years30% of revised basic pension/family pension
From 90 years to less than 95 years40% of revised basic pension/family pension
From 95 years to less than 100 years50% of revised basic pension/family pension
100 years or more100% of revised basic pension/family pension
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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).

(Anang Rawat)
(Dy. Controller of Accounts)

To

  1. All the Heads of CPPCs of all the Authorised Banks
  2. All the Heads of GBDs of Authorised Banks

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