Enhancement of Additional Pension – Additional 5% pension may be granted after every 5 years: Action Taken Report on the unresolved agenda items of 32nd SCOVA meeting
Enhancement of Additional Pension – Additional 5% pension may be granted after every 5 years: Action Taken Report on the unresolved agenda items of 32nd SCOVA meeting
[DoP&PW OM No. 42/11/2023-P&PW(D) dated 03.04.2024]
Action Taken Report on the unresolved agenda items of 32nd SCOVA meeting, were taken up for discussion in 33rd SCOVA meeting held under the Chairmanship of Hon’ ble MOS(PP) on 22.02.2024, at Vigyan Bhawan, New Delhi, which are as follows:
Previous: (iii) Operationalisation of 2nd CGHS Wellness Centre with posting of full sanctioned medical staff..
(iv) Enhancement of Additional Pension
As per existing system, additional pension is admissible after attaining the age of 80 years. It was suggested that after retirement at the age of 60 years, additional 5% pension may be granted after every 5 years which will lead to 20% after attaining age of 80 years.
Discussion/Decision on the agenda item
Joint Secretary, Department of Expenditure informed that the matter has been examined in consultation with Budget Division of Department of Economic Affairs and the proposal has huge pension liabilities on account of old pension scheme and is also increasing year after year. Further, if the proposal is accepted, it is also likely to have a cascading effect on the Government’s finances, since; similar demand would arise from the retired State Government employees. Hence, due to financial constraints the proposal has not been agreed to.
In view of the requests made by SCOVA Pensioners’ Welfare Associations, the Chairman, SCOVA suggested to DoPPW/Department of Expenditure to again look into the matter.
(Action:-DoPPW and Department of Expenditure)
Next: (v) Enhancement of Fixed Medical Allowance (FMA) to pensioners residing in non-CGHS areas.