Have you checked your Pension Slip of last month and latest PPO downloaded from SPARSH Portal ? If not, may check it now. A large number of pensioners got wrong amount and date of commutation on their pension slip and PPO.
At the time of retirement, you got several pensionary benefits including Pension, Gratuity, Commutation, AGIF etc. In this article we will discuss the Commutation restorations.
Let me clarify what commutation is and how it is restored. Since 6th CPC, your pension amount is 50% of last emoluments. But the entire amount is not paid every month to your bank account. Instead, a certain percentage – i.e 50% of basic pay is commuted and the value of this portion – it may be approx 108 times of the 50% of your last pay. This commuted amount is paid to you as lump sum amount (CVP) at the time of your retirement. From the First month of your pension, you must note that a deduction of this amount is done every month from your total pension. This deduction will continue upto 15 years from the date of Commutation deduction started..
Recently, it has been found that after a generation of New SPARSH PPO, Pension Commuted value of your pension showed a wrong figure which has never been paid to you. Date of the end of commutation recovery is also found wrong here.
How to rectify Wrong Commutation date and Amount on your SPARSH PPO and Pension Slip
The matter has been reported to the PCDA, Team SPARSH Nodal officers. They have stated that the date and amount shown is incorrect and this kind of misinformation occurred due to some system fault and it will be rectified very soon. However, the date of end of recovery on account of commutation will be as per your original PPO and exactly 15 years from date of starting of commutation deduction. If there is any anomaly, the matter should be reported immediately to the Concerned dept i.e PCDA Allahabad / Veterans Dte/ Record office concerned.
Those who want to get this information rectified may approach the Team SPARSH . Details of email ID and Phone number is given here –
- Pension Regulations for Army Navy and Air Force : Download NowDefence pension is entirely different from pension provided by other Govt organisation. … Read more
- Changes in Rules of ECHS Annual validation : 2024ECHS has modified rules of Annual Renewal/validation of Smart Card for Dependents … Read more
- ECHS Patient is Entitled for Travelling Allowance : Ruling LetterECHS has provided some additional benefits for the beneficiaries related to TA. … Read more
- Indian Defence Updates : 02 May 2024India has summoned the Canadian Deputy High Commissioner to lodge protest against … Read more
- Veterans Big Movement on Continued Pension with Same amount for FamilyIt has been a matter of discussion among the Pensioners for a … Read more
- Pension for April 2024 Credited Today : Note imp Points on SPARSHSPARSH Pensioners used to get their pension on the last day of … Read more
- Defence Updates 30 April 2024 : Indian Defence with German Small ArmsGermany has agreed to sell small arms to India. Indian Air Force … Read more
- Defence News Update 29 April 2024 India and the UK are close to signing a pact on electric … Read more
- SPARSH Defence Pension PCDA (P) Allahabad Phone Number Email IDAre you looking for contact number of PCDA allahabad to enquire about … Read more
- Injustice with Jawan & JCOs Rank of Indian Armed ForcesIn Indian Armed forces, soldiers are the backbone of National Security and … Read more
- Military Disability Pension Rules for Retirement on Completion of Coloured Service in 2024 Soldiers, sailors and Airmen are very often assigned a versatile nature of … Read more
- Definite Solution to Award Real OROP for JCOs OR by Defence Ministry : Suggested VeteransIt is well known that peaceful agitation of veterans is continuously active … Read more