Whether restoration of Commuted Pension after 12 years is rejected?
Restoration of commuted portion of pension after 12 years-
Fifth CPC recommended reduction of the period from 15 to 12 years.
• It was not accepted by the Central Govt. whereas state Govts like Kerala, MP, Odisha and Punjab caused orders for restoration after 12 years.
• Interest charged for various advances like HBA is simple interest and not compound. As such there is no justification to recover more what it was advanced to retirees.
• The principal amount is fully recovered in 8.194 years. If it is 8% simple interest the interest for the commutation amount can be recovered within 2.66 years.
• The entire amount plus interest will be recovered within 10.85 years.
• Even after full recovery, the pensioners keep on paying for another 4.15 years.
• Risk factor for 4 years is exorbitant
• The death rate of India has witnessed significant decline. It was declined from 14.9 during 1971 to 6.0 during 2020. It is till reduced to 6.4 in rural and 5.1 in urban.
• From the Statistics, about 6% of the pensioners who are in the age group of 60 years to 70 years only have died. The risk factor is very less now.
• The life expectancy has raised to 69.7 years as per the report of the census commissioner. The Govt servant’s life expectancy as per WHO statistics is 77 years.
• Restoration of commuted portion after 12 years is ideal.
• The issue was discussed in the Standing Committee Meeting on 15.12.2023. The Govt side took a stand that Staff Side should wait till next pay commission and the demand is pre matured which was seriously protested.
• The Staff side emphasized that the DOP&PW has already recommended for restoration of Commuted pension after 12 years and the issue needs to be settled.
• DOP&PW and DOE will hold a meeting with Staff side to resolve the issue and if not resolved the same can be raised in the National Council JCM.
-------------------------------------
Visit
yourskayveeyes.blogspot.com/
for latest Government Orders.
#Kayveeyes
#Yours_Kayveeyes
#K_V_Sridharan
#NFPE
#P3
#postalservices
Restoration of commutaion
Commuted pension
Pension
Пікірлер: 62
Govt controlling expenses on govt employees and gaining whereas should control their own unusual expenses on ie advertisement and muftkhori adharit yojna.
Fully agreed. Please see how home loan is recovered by banks.😮
U r 100% right.
Good information for starving bank pensioners in India.
I hope the Hon'ble SC of India has also agreed this issue in their early judgement.
@YoursKayveeyes
Ай бұрын
Let us be optimistic
Thanks sir for your clear explanation
Restoration after 128 months as recovery is stayed by Hon Panjab and Haryana Highcourt on the writ petition of Ram Swaroop Jindal
Well said Sir.
Good information
Thank you
Thanks for explaining nicely.
@YoursKayveeyes
9 күн бұрын
My pleasure
DAY LIGHT ROBBERY. GOD ALONE CAN COME TO THE RESCUE OF THE PENSIONERS
@kvngiridhar2092
Ай бұрын
Have you taken home loan from any bank sir?
Good.
Govt may consider before General Election 2024
@YoursKayveeyes
6 ай бұрын
Chances are there
I request the honourable Supreme Court to upheld the decision of honourable High Court of Punjab & Haryana under sumoto for all the pensioners specially Bank retirees who are suffering from non updation of pension for the last 36years.
@YoursKayveeyes
Ай бұрын
I don't know the case which you are mentioning . Anyhow it causes concern
I heard high court givenjudgements11 years only Tq.
@YoursKayveeyes
2 ай бұрын
It was recommended by the Parliament Standing Committee for 12 years. JCM Staff side demand is also 12 years.
@jjre6357
Ай бұрын
Now it should demanded less to 10 years 8 months. So Govt may think for 12 years. Thanks for information.
Sbi also consideration this policy sir. ,?
What abòutnotional increment
@YoursKayveeyes
6 ай бұрын
Under consideration
Even biggest bank in the world and GOI are also setted 15 years for computation recovery.It is upto the ministry of Law and justice to view sympathetically as this is the issue of senior citizen pensioners.Computation recovery interest is also high.and this also to be viewed by Govt of India.and Ministry of Law and justice view this criminal case.
@YoursKayveeyes
5 ай бұрын
Because of life expectancy has raised the insurance risk become lesser. I have another episode in detail about the full justication on this demand
Namaskar sir.
Politicians of all the parties are same. They will take all the illegal benefits silently and not a single person will raise his voice against it. Only SC can take appropriate action. Kya BJP aur kya others!
I think if the demand is raised not to deduct on account of commutation from the revised pension after 15 years recovery.
@YoursKayveeyes
5 ай бұрын
We are dmanding to restore after 12 years of retirement
A m r i t k a a l Now Earlier kall was nothing
Sir good morning what has happened to notional increment when the dopt orders expected 🙏🙏
@YoursKayveeyes
9 күн бұрын
Please wait for a month. If not we can file individual case
Can you please clarify as to how far it is reasonable to deduct on account of revised pension even after expiry of 15 years.
@YoursKayveeyes
5 ай бұрын
I made a detailed video on this. Please view from this channel
Sir, my commutation has alrady been recoverd diring 2018 . Whether can I get the refund of already recoverf amount?
@YoursKayveeyes
Ай бұрын
No orders issued for revising the 15 years period to 12 years. It is only remaining as demand
Narender modi cannot control on his own expenses and cabinet. Who is he to control the expenses of govt employees/pensioners. He has to do nothing except zumlebaz as he is uneducated pm .he has sold tea
Punjab and Haryana High Court has ordered not to recover commutation portion of pension after 12 years
@YoursKayveeyes
Ай бұрын
Yes. Excellent judgment. This should be implemented to all the similarly situated pensioners
I have already completed 14 years what can i di
@YoursKayveeyes
Ай бұрын
Please wait
🙏👌👍
No any hope form this Government Jumla Goverment
@YoursKayveeyes
9 күн бұрын
Yes. But don't lose hope
Notional increment ka kiya ho raha hie sir
@YoursKayveeyes
6 ай бұрын
Under consideration
Govt. Bank pensioners ko har tarah se pratadit ka rahi hai bahut dukhad.
@YoursKayveeyes
Ай бұрын
Unfortunate
Bank Pensioners max limit is up to 1/3 rd, 33 per cent approx. still restoration period is 15 yrs. How miserable?
@YoursKayveeyes
9 күн бұрын
Yes. Absolutely
Common people cannot get any thing from government weather it is BJP or congress. The leaders are getting tax free salary and allowances.
@YoursKayveeyes
9 күн бұрын
Agreed
Sir i am a retd judl employee, want t to clarify my RACP matters, let me know your address to pen you for good suggestion.
Sir, Why cann't it be challenged in SCI.
@YoursKayveeyes
5 ай бұрын
This time there is complete pressure to mitigate the same
Who are affected
@YoursKayveeyes
2 ай бұрын
Almost all the pensioners
ਸਰ ਜੀ ਬੇਨਤੀ ਹੈ ਕਿ ਪੰਜਾਬੀ ਵਿੱਚ ਸਮਝਾਓ
@YoursKayveeyes
9 күн бұрын
Sorry. I don't know Punjabi