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Tuesday, March 22, 2016

OROP Arrears Calculator : Know Your Pension and Arrears through online

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OROP Arrears Calculator : Know Your Pension and Arrears through online

KNOW YOUR O.R.O.P PENSION AND ARREARS ON LINE

CLICK TO CALCULATE OROP ARREARS WITH SIMPLE CALCULATOR


An on line solution to find the correct pension of a Defence pensioner and Family pensioner is a long pending need. Unfortunately, the PDAs and DPDOs have not given much importance to this aspect. Also frequent changes in the pension regulations, various anomalies arising while implementing the pay commission’s recommendations, rigid attitude of MOD and the lethargic attitude of the CDA(P) and CGDA have all joined together and made the Defence pension pension payment a most complicated job to the Banks.

Now the pensions of the entire 2.5 million Defence pensions have to be revised under OROP Scheme. The Banks are struggling to find a solution to this task. None of the Banks have any comprehensive software for revising the pension of such a huge number of people. The ultimate sufferers are the poor pensioners. The refinement of Defence pension account is an urgent need.

OROP orders were released on 4.2.2016. Till today, none of the banks have bothered to pay the arrears. Nowadays, the banks spent huge amounts for automation. But somehow, they have neglected the Defence pension payment.

In fact the OROP orders have simplified the entire Defence Pension payment system for fixation of revised pension and opened the gates for developing a comprehensive software for calculation of OROP arrears and fixation of revised pension. Even then, the banks are delaying payment. The Table No.7 is the basis for creating all other types of pensions for JCOs and Ors. The various Groups have been reduced to only Two Groups now. Therefore, it is easy for the banks to develop a software only for OROP arrears and revised pension. Unfortunately the banks have not given importance to this aspect. Moreover, the most important parameters required for fixing the new pension is the Rank, Qualifying Service, Group and Date of birth. The banks can pay immediately for whom the above information is available. For others, they can get it from the PSAs on urgent basis. But, it seems that none of the above work is undertaken by any of the banks.

In view of the above, we thought of developing a simple software to calculate the arrears online and forward the working sheet directly to all the CPPCs of the respective banks by email so as to enable them to take up the payment without any further delay.

Click the following link. You will be taken to Exwel Trust website. Follow the instructions given in a posting dated 12.3.2016.

http://exweltrust.in/

Defence Pension
Family Pension Arrears
OROP arrears for pensioners
OROP for family pensioners
OROP with disability.

Now click only the OROP arrears for pensioners and filled up all the details. Do not try “Defence Pension” Tab and “Family Pension Arrears Tab” for the time being. At the end you will get Print PDF button. Click and take a print out if you want, and save it in your computer.

Now come back to the original blog, click the link for getting email ids of all the banks. Search your bank’s CPPCs email address and forward the OROP arrears print out as an attachment to your bank.

click here for email ids of all Banks CPPCs

This is our humble effort to make the banks to take up the payment at an early date. All the readers of this Blog, please forward and give us feedback. We welcome your comments on our efforts. Officers OROP arrears are not covered under this system. A separate software is being developed for Officers. We will inform as soon as it is ready.

More than two-thirds of the Ex-Servicemen have been paid the OROP arrears

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More than two-thirds of the Ex-Servicemen have been paid the OROP arrears

OROP Arrears Payment in Record Time


The Government of India which accords utmost importance to the welfare of Ex-Servicemen, has kept its promise with regard to the historic decision taken on 05 September 2015 to implement the more than four decades old demand of Ex-Servicemen for One Rank One Pension (OROP), by ensuring that payments have begun to the concerned in record time.

Orders had been issued with regard to this historic decision, through a notification on 07 November 2015 by the Department of Ex-Servicemen Welfare (ESW) of the Ministry of Defence.

Then within just three months of the issue of these orders, the Department of Ex-Servicemen Welfare (ESW) brought out detailed OROP tables on 03 February 2016, which are also available on their website www.desw.gov.in. The 101 tables in these implementation orders contain revised pension of different ranks and categories. In the past implementation of CSC-2012 and 6th CPC had taken a longer time.

More than two-thirds of the Ex-Servicemen have now been paid the OROP arrears. Payments have now reached the accounts of 13.02 lakh pensioners amounting to about Rs. 2,293 crore. This amount has been released through Defence Pension Disbursing Offices (DPDOs), the State Bank of India (SBI) and the Punjab National Bank (PNB).

The details are as follows:-

As on March 17, the DPDOs have released an amount of about Rs. 606 crore to about 3.20 lakh defence personnel.

The SBI has as released upto March 17 an amount of Rs. 1,337 crore to 7.75 lakh pensioners which includes Family Pension cases. The PNB has released as on March 17, an amount of about Rs. 350 crore to about 2.07 lakh pensioners which includes Family Pension cases.

Other Banks who have also been assigned the task of disbursement of revised defence pension to Ex-Servicemen have been directed to complete the process of payment latest by March end.

Source: PIB News


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OROP Implementation : Clarification Circular No.557 issued by PCDA on 17.3.2016

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OROP Implementation : Clarification Circular No.557 issued by PCDA on 17.3.2016

OFFICE OF THE PR. CONTROLLER OF DEFENCE ACCOUNTS (PENSIONS)
DRAUPADI GHAT, ALLAHABAD- 211014

Circular No.557
Dated: 17.03.2016

Subject: Implementation of ‘One Rank One Pension’ (OROP) to Defence pensioners.
Reference: This office circular No 555 dated 04.02.2016.

A comprehensive list of maximum term of engagement for JCOs/ORs was enclosed as Appendix-X to this office Circular No. 555 dated 4.2.2016 has been slightly amended as under :-


2. Similarly, slightly amended comprehensive list of equivalence of ranks in the three services of Armed Forces is enclosed as Appendix ‘Y’ to this Circular which would substitute the Appendix-‘Y’ of the Circular No. 555 dated 04.02.2016.

3. PDAs have reported some difficulties on certain points while implementing the scheme of ‘OROP’. Necessary clarification in the matter is as under:-






Authority: http://pcdapension.nic.in/

Income Tax benefit available under National Pension System – PFRDA

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Income Tax benefit available under National Pension System – PFRDA


Tax benefit available under National Pension System (NPS)

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
B- 14/A, Chhatrapati shivaji Bhawan
Qutab Institutional Area,
Katwaria Sarai, New Delhi – 110 016
Phone: 011-26517503
Fax:011 – 26517507
Website: www.pfrda.org.in
PFRDA/23/CORP/20/5
25th February, 2016
Dear sir,

Subject: Tax benefit available under National Pension System (NPS)

You would be aware that under the National Pension System (NPS), the subscribers can avail of tax benefit under Sec 80Cc D(1), up to 10% of their salary (Basic+DA) which is capped at Rs.1.50 lakhs under section 80CCE. From FY 2015-16, an additional tax deduction over and above the Rs.1.5 Lakhs, is available only to subscribers of NPS if they invest upto Rs.50,000 in NPS under Sec 80CCD(IB) of the Income Tax Act. any citizen of India including persons covered under old defined benefit pension scheme can open NPS account on voluntary basis and avail of the tax benefits u/s 80 CCD (IB) by contributing additionally Rs.50,000/- to NPS.

2. This additional tax benefit on investment upto Rs.50000/- provides an opportunity not only to those employees who are mandatorily covered under NPS, but also to all other employees who may be covered under old pension scheme/provident fund/superannuation fund, as well as to any other Indian citizen between 18 to 60 years of age, to avail of this tax benefit by opening an NPS account on voluntary basis and by investing the required amount.

3. PFRDA has provided an easy and convenient way to subscribe to NPS by recently introducing eNPS, which any individual can make use of to join NPS. A new subscriber can adopt the following eNPS methods for joining NOS:

(a) Using Aadhaar card issued by UIDAI which is authenticated through OTP received from UIDAI on the registered mobile of the applicant. In this case, the subscriber can instantly get himself/herself registered. He/she has to simply visit the eNPS module in NPS Trust website at www.npst.org.in.

(b) Using PAN and net banking of the selected bank chosen by the subscriber. In this case KYC verification is done by the Bank. The NPS account gets activated only after KYC verification by Bank. He/she has to go to eNPS module in NPS Trust website at www.npstrust.org.in.

4. A new subscriber can also open an account physically through any of the Points-of-Presence-Service Provider (POP-SP). The list is available on www.pfrda.org.in.

5. Therefore, your employees who are not NPS members can open their NPS account, and make contributions using any of the three options mentioned above. Existing NPS subscribers can also make additional contributions to avail of the tax benefit by using any of the options as stated above.

6. contribution upto Rs.50,000 in NPS for the additional tax benefit in the current year has to be made by 31-03-2016 and it is important that this message be conveyed to all your staff members and employees right upto the level of DDOs/DTOs, at the earliest. This will definitely help in their tax planning.

7. We request you to disseminate the above information to all concerned.

with regards,

Yours sincerely,
sd/-
(Mamta Rohit)
chief General Manager




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