OROP-2 - YOUR ARREARS (UPTO MAR 2023)

 THE CALCULATION TOOL POSTED IN THIS POST SHOWS YOUR REVISED TOTAL PENSION FOR APR-23 AND TOTAL ARREARS UPTO MAR-2023 (DA@38%) WITHOUT INDULGING INTO ANY MATHEMATICAL CALCULATIONS

PAYMENTS OF ARREARS -

Its final now as directed by the Supreme Court of India. The arrears will be paid as under :-

a. By 30 Apr 23 - Family Pensioners and Gallantry Award Winners. (Already over but many still to get them)

b. By 30 Jun 2023 - Pensioners above 70 years of age.   

c. Remaining pensioners will be paid arrears in three instalments by 31st Aug 23, 30 Nov 23, all arrears will be cleared by 28 Feb 2024.

               (NOTE-The next equalisation due in 2024 will not be disturbed.)
      Mod Letter dt 20 Jan 23 (DOWNLOAD)  followed by the PCDA Circular No - 666 

SPARSH - LIFE CERTIFICATE - METHODS

SUBMISSION OF LIFE CERTIFICATE - METHODS 

1.    All pensioners have to submit life certificate once in a year in the month of OCT & NOV by pensioners 80 yrs and above and during NOV by others. For this purpose we need to visit our pension paying banks and submit the life certificate and appear before the bank official. it cannot be done on proxy.

2.     However we can now submit the life certificate on line from the comfort of our homes. there are three methods to do that as explained below.-

NATIONAL PENSION SCHEME - BENEFITS

NATIONAL PENSION SCHEME

Budget 2019: Income Tax Benefits Under National Pension System 
By Vinotha Tilak On Jul 15, 2019

In the Budget 2019, the government made certain changes to income tax rules on investment in the National Pension System (NPS). Union Finance Minister Nirmala Sitharaman increased the income tax exemption limit on withdrawal from NPS and announced some additional income tax benefits for employees who contribute towards the scheme. In NPS, which is a government-sponsored savings scheme, a government employee contributes towards pension from the monthly salary, whereas a matching contribution is made by the employer.