Time-line for settlement of Pension
The Central Pension Accounting Office under Department of Expenditure, vide OM No. CPAO/Tech/2008/6th CPC/Misc/573 dt 31.12.2009 had directed the Banks to inform dates of credits of first pension, date of credit of CVP in respect of new PPOs and also to inform the dates of credit of revised pension, arrears of revised pension, differential CVP and differential DCRG etc.
Now the CPAO Has noted that none of the banks had responded to the above directions and directed that the banks should furnish the payment particulars for every month, before 15th of the following month.
The CPAO has noted that the updating of database with dates of payment would greatly help in bringing transparency,accountability and empowerment of pensioners.
For further details download the Letter No.CPAO/Tech/6th CPC/Misc/2010/540 dt 08.07.2010