Whether restoration of Commuted Pension after 12 years is rejected?
ฝัง
- เผยแพร่เมื่อ 29 ธ.ค. 2023
- 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.
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Restoration of commutaion
Commuted pension
Pension
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.😮
Good information
Thanks sir for your clear explanation
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.
Let us be optimistic
Govt may consider before General Election 2024
Chances are there
Restoration after 128 months as recovery is stayed by Hon Panjab and Haryana Highcourt on the writ petition of Ram Swaroop Jindal
DAY LIGHT ROBBERY. GOD ALONE CAN COME TO THE RESCUE OF THE PENSIONERS
Have you taken home loan from any bank sir?
Sbi also consideration this policy sir. ,?
Well said Sir.
🙏👌👍
Good.
Namaskar sir.
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.
Because of life expectancy has raised the insurance risk become lesser. I have another episode in detail about the full justication on this demand
What abòutnotional increment
Under consideration
I heard high court givenjudgements11 years only Tq.
It was recommended by the Parliament Standing Committee for 12 years. JCM Staff side demand is also 12 years.
Now it should demanded less to 10 years 8 months. So Govt may think for 12 years. Thanks for information.
I think if the demand is raised not to deduct on account of commutation from the revised pension after 15 years recovery.
We are dmanding to restore after 12 years of retirement
Punjab and Haryana High Court has ordered not to recover commutation portion of pension after 12 years
Yes. Excellent judgment. This should be implemented to all the similarly situated pensioners
Sir, my commutation has alrady been recoverd diring 2018
. Whether can I get the refund of already recoverf amount?
No orders issued for revising the 15 years period to 12 years. It is only remaining as demand
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.
I don't know the case which you are mentioning . Anyhow it causes concern
Notional increment ka kiya ho raha hie sir
Under consideration
Govt. Bank pensioners ko har tarah se pratadit ka rahi hai bahut dukhad.
Unfortunate
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.
I have already completed 14 years what can i di
Please wait
Sir, Why cann't it be challenged in SCI.
This time there is complete pressure to mitigate the same
Can you please clarify as to how far it is reasonable to deduct on account of revised pension even after expiry of 15 years.
I made a detailed video on this. Please view from this channel
Who are affected
Almost all the pensioners