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Thursday, June 11, 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

RBE No.55/2015

Goyernment of India (Bharat Sarkar)
Ministry of Railways(Rail Mantrataya)
(Railway Board)

F(E) III/2008/PN1/12

New Delhi, Dated: 02.06.2015.

Subject: Rounding off of a fraction of a rupee in regulation of additional Pension.

A copy of Department of pension & pensioners welfare (DOP&PW)’s O.M. No.38/8/1S-P&PW(A) dated 16.04.2015 on the above subject is enclosed for information and compliance. These instructions shall apply mutatis-mutandis on the Railways also’ DoP&PW’s O.M. No.38/37/08-P&PW(A) dated 02.09.2008 mentioned in the O.M. has been adopted on Railways vide Board’s letter No.F(E)III/2008/PN1/13 dated 15.09.2008.


Please acknowledge receipt.

Sd/-
(Amitabh Joshi)
Dy.Director Finance (Estt.) III,
Railway Board.

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 ON No.38/37/08-PPW(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 Expenditure)ID No.157/EV/2015 dated 30.3.2015.

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

Source: Railway Board

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