Zero Tolerance Towards Delay in Pension Disbursement of Ex-Servicemen

, by indianmilitaryveterans

Zero Tolerance Towards Delay in Pension Disbursement of Ex-Servicemen -The Minister of State for Defence

The Minister of State for Defence Shri Jitendra Singh has asked the banks to adopt zero tolerance approach towards the disbursement of pension to armed forces personnel and improve responsiveness of their branches to pensioners` grievances. Presiding over a meeting of major banks dealing with pension disbursement of defence pensioners, representatives of the Ministry of Finance and Ministry of Defence here yesterday, the minister exhorted the banks to utilize IT solutions for ensuring timely and accurate payment of pension as well as flow of pension related information to the pensioners and the pension accounting organization i.e. CGDA.

In the meeting, issues related to delayed payment of pension to Defence pensioners, restoration of Commuted pension, timely payment of Gratuity etc were discussed. It was also observed that the pensioners are facing difficulties in some banks in getting their due on time. Hence, banks have been directed to be sensitive to the needs of pensioners and have multiple counters, giving priority to the needs of defence pensioners. Banks were also asked to have relationship managers to liaise with such pensioners. Ministry of Finance (Banking Division) agreed to issue further directives to the banks for streamlining the pension payments.

It was also observed that the response of the banks to the SANGAM project launched by CGDA for facilitating revised Pension Payment to defence pensioners has not been very encouraging. The CGDA and banks have agreed to rework the CGDA formats for enabling monitoring of progress of the revised pension payments.

The Department of Ex Servicemen Welfare, Ministry of Defence is handling pension policy matters of about 22 lakh Armed Forces pensioners.


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National Mazdoor Conference

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National Mazdoor Conference presses for 7th pay commn, DA merger and more

National Mazdoor Conference (NMC) submitted the memorandums of demands to Prime Minister Dr Manmohan Singh, UPA Chairperson Sonia Gandhi and Finance Minister P Chidamabaram in New Delhi.

Enhancing the monthly wages of daily rated workers to Rs ten thousDemands projecting by NMC chief Subash Shastri in the memorandums including
Constitution of 7th pay commission
Immediate merger of 50 percent DA into basic pay/pension
Grant of 20 percent interim relief to the salaried class across the country till the implementation of the recommendations new Pay commission
Raising income tax exemption limit to Rs five lakh and.

In the memorandums Shastri stressed Union Finance Minister to raise the income Tax exemption limit From Rs two Lakh to Rs 5Lakh and total exemption of DA from income tax limit, the salaried class feel that this gesture will increase purchasing power and stimulate demands.
Other demands emphasized in the memorandums mentioned included granting B-1 status to Jammu and Srinagar cities.
Shastri said that the demands highlighted in the memorandums would be major issue during the forthcoming election of Lok Sabha as these pertain to crore of Central and state government, employees and pensioners and their families which constitute a large chunk of voters.


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Usefull Information for Defence Pensioners

, by indianmilitaryveterans

 Handbook for Military Pensioners
All about ECHS 

  ECHS & other orders 


Much awaited orders from MOD on Pension based on fitment table for pre & post 2006 Pensioners


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