Payment of Commutation Value of additional amount of pension

F. No. 38/79/08-P&PW(G)
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Pension & Pensioners’ Welfare


3rd Floor, Lok Nayak Bhavan,
Khan Market, New Delhi – 110003
Date: 27th October, 2010


OFFICE MEMORANDUM



Sub.:       Payment of Commutation Value of additional amount of pension in respect of employees who retired on/after 1.1.2006 but before 2.9.2008 and expired before exercising option for commutation of additional amount of pension – Regarding.

          As per the provisions contained in para 9.3 of this Department’s OM No. 38/37/08-P&PW(A) dated 2nd September, 2008, the revised table of commutation value for pension will be used for all commutations of pension which become absolute after the date of issue of this OM. In the case of those pensioners, in whose case commutation of pension became absolute on or after 1.1.2006 but before the issue of this OM, the pre-revised Table of Commutation value for pension will be used for payment of commutation of pension based on pre revised pay/pension. Such pensioners shall have an option to commute the amount of pension that has become additionally commutable on account of retrospective revision of pay/pension on implementation of the recommendations of the Sixth Central Pay Commission. On exercising such an option by the pensioner, the revised Table of Commutation Value for pension will be used for the commutation of the additional amount of pension that has become commutable on account of retrospective revision of pay/pension. In all cases where the date of retirement/commutation of pension is on or after 2.9.2008, the revised Table of Commutation Value for pension will be used for commutation of entire pension.

2.        References have been received from various Departments seeking clarification from this Department whether the commutation value of additional pension in respect of such employees who had retired during the period between 1.1.2006 and 2.9.2008 and died before exercising option is payable to the eligible member of family or not. The issue has been examined in consultation with Ministry of Finance, Department of Expenditure who has observed that the Pay Commissions’ intention was that the pensioner should exercise a conscious choice in view of the fact that the commutation table has changed w.e.f. 1.1.2006. As such, in these cases, the Rule 10 of CCS (Commutation of Pension) Rules, 1981 may be followed and difference in commuted value be paid without fresh applications. The intention was not to deny the higher capitalized value on account of revision of pension.

3.       This issues with the concurrence of Ministry of Finance, Department of Expenditure vide their UO No. 456/EV/2010 dated 18.10.2010.



(V.K.Wadhwa)
Under Secretary to the Government of India

Festive Offer on Sale of Gold Coins through Post Offices Special Offer for Government Employees

        India Post has ventured into the scheme for Sale of branded Gold Coins of 99.99% purity. The scheme was launched in October 2008 in about 100 Post Offices spread across Delhi, Maharashtra, Tamilnadu and Gujarat Postal circles. India Post sells the 24 carat coins produced by Valcambi, Switzerland in association with World Gold council, and its business Partner. Presently this scheme is available in 700 Post Offices across India. India Post is overwhelmed by the response received from the public. More than 518 kg of gold has been sold from the Post Offices. Post Offices sell gold coins of 0.5 gm, 1.0 gm, 5 gms, 8 gms and 20 gms denominations.

Special Festive Season Offer can be availed from 12th October 2010 till 31st December 2010.The schemes are-

          10 Pe Aadha – Ummeed Se Zyada Buy 10 gms gold get ½ gm free and, or A Special offer for Government Employees – 6% discount on purchase of gold coins of any denomination in any quantity by Government Employees/Retired Government Employees (Central or State Government Employees) on the day’s gold price. If the 6% discount is given to any Govt Employee, then the 0.5gm FREE offer does NOT apply even if the Government employee has purchased 10gms of gold.

Government employees need to show their government Photo Identity card as proof to avail 6% discount offer. Without the proof of the photo Identity card government employee will not be able to avail the 6% discount.

In Delhi, following 26 Post Offices are selling Gold Coins. Customers can walk into the nearest Post Office to avail the facility & festive offer.

1. New Delhi Head Post Office;
2. Delhi GPO;
3. Lodi Road HPO;
4. Kalkaji HPO
5. Lajpat Nagar Post Office;
6. Sansad Marg HPO
7. Sarojini Nagar HPO;
8. Ashok Vihar HPO;
9. Ramesh Nagar HPO;
10.Jankpuri B Block PO;
11.Indraprastha HPO;
12.Karol Bagh PO;
13.Naraina I. E. HPO;
14.Connaught Place P O;
15.Haus Khas P O;
16.Jhilmil Head PO.
17.Rohini Sector VII P O;
18.Krishna Nagar HPO.
19.Civil Lines PO.
20.New Subzi Mandi PO
21.Greater Kailash PO
22.Malviya Nagar PO
23.Tilak Nagar PO
24.Rajinder Nagar PO
25.Patel Nagar PO.
26.Paschim Vihar PO
-PIB-

Grant of Dearness Relief to Central Government pensioners

F. No. 42/18/2010-P&PW(G)
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Pension & Pensioners’ Welfare
3rd Floor, Lok Nayak Bhavan,

Khan Market, New Delhi – 110003
Date: 27th October, 2010

OFFICE MEMORANDUM

Subject : Grant of Dearness Relief to Central Government pensioners who are in receipt of provisional pension or pension in the pre-revised scale of 5th CPC w.e.f. 1.7.2010.

In continuation to this Department’s OM No. 42/18/2010-P&PW(G) dated 29th June, 2010 sanctioning the Dearness Relief to those Central Government pensioners who are in receipt of provisional pension or pension in the pre-revised scales of 5th CPC, the President is pleased to grant the Dearness Relief to these Central Government pensioners as under :
(i) Those who are in receipt of provisional pension or pension in the pre revised scales of 5th CPC are entitled to Dearness Relief @ 103% w.e.f 1.7.2010.
(ii) The surviving CPF beneficiaries who have retired from service between the period 18.11.1960 to 31.12.1985 and are in receipt of ex-gratia @ Rs. 600/ p.m. w.e.f. 1.11.1997 under this Department’s OM No. 45/52/97-P&PW(E) dated 16.12.1997 are entitled to Dearness Relief @ 103% w.e.f. 1.7.2010.
2. The following categories of CPF beneficiaries who are in receipt of ex¬gratia payment in terms of this Department’s OM No. 45/52/97-P&PW(E) dated 16.12.1997 are entitled to DR @ 95% w.e.f. 1.7.2010.
(i) The widows and dependent children of the deceased CPF beneficiary who had retired from service prior to 1.1.1986 or who had died while in service prior to 1.1.1986 and are in receipt of Ex¬gratia payment of Rs. 605/- p.m.
(ii) Central Government employees who had retired on CPF benefits before 8.11.1960 and are in receipt of Ex-gratia payment of Rs. 654/-, Rs. 659/-, Rs. 703/- and Rs. 965/-.
3. Payment of DR involving a fraction of a rupee shall be rounded off to the next higher rupee. In their application to the pensioners/family pensioners belonging to Indian Audit and Accounts Department, these orders issue in consultation with the C&AG.
4. This issues with the concurrence of Ministry of Finance, Department of Expenditure vide their UO No. 1(4)/EV/2004 dated 12.10.2010.

(V.K.Wadhwa)
Under Secretary to the Government of India

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