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Friday, April 24, 2015

Rounding off of a fraction of a rupee in regulation of additional pension

Rounding off of a fraction of a rupee in regulation of additional pension

No.38/8/15-P&PW(A)
Government of India
Ministry of Personnel, PG & Pensions
Department of Pension & Pensioners' Welfare

3rd Floor, Lok Nayak Bhawan 
Khan Market, New Delhi-110 003. 
Dated the 16th April, 2015

Office Memorandum 

Subject: Rounding off of a fraction of a rupee in regulation of additional pension 

The undersigned is directed to say that vide this Department's OM No.38/37/08-P&PW(A) dated 1.9.2008 and OM No. 38/37/08-P&PW(A) dated 2.9.2008. Instructions were issued for grant of additional pension/family pension @ 20% to 100% to old pensioners/family pensioners of the age of 80 years and above.


2. A question has been raised as to how the amount of additional pension is to be regulated in case the additional pension results in fraction of a rupee. The matter has been examined in consultation with Ministry of Finance (Department of Expenditure) and it has been decided that the amount of additional pension as finally calculated may be rounded off to the next higher rupee. In cases where the pension/family pension of old pensioners has been fixed/revised without rounding off the additional pension, in those cases also, the additional pension may be rounded off to the next higher rupee hereinafter. However, no arrears for the period from 1.1.2006 on account of such rounding off would be paid in those cases.

3. This issues with the approval of Ministry of Finance (Department of Expe ture) ID No.157/EV/2015 dated 30.3.2015.


Sd/-
(S.K. Makkar)
Under Secretary to the Government of India

Source: http://ccis.nic.in/WriteReadData/CircularPortal/D3/D03ppw/Roundingofffraction.pdf

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