Pensioners Portal Orders on rounding off of a fraction of a rupee in regulation of additional pension

Pensioners Portal Orders on rounding off of a fraction of a rupee in regulation of additional pension

G.I., Dept. of Pensions Pensioners Welfare, O.M. No.38/8/15- P&PW(A), dated 16.04.2015

Subject: Rounding off of a fraction of a rupee in regulation of additional pension –

The undersigned is directed to say that vide this Department’s OM No.38/37/08 -P&PW (A) dated 1.9.2008 and ON No.38/37/08-PPW(A) dated 2.9.2008. Instructions were issued for grant of additional pension/family pension @ 20% to 100% to old pensioners/family pensioners of the age of 80 years and above.

2. A question has been raised as to how the amount of additional pension is to be regulated in case the additional pension results in fraction of a rupee. The matter has been examined in consultation with ministry of Finance (Department of Expenditure) and it has been decided that the amount of additional pension as finally calculated may be rounded off to the next higher rupee. In cases where the pension/Family pension of old pensioners has been fixed.revised without rounding off the additional pension, in those cases also, the additional pension may be rounded off to the next higher rupee hereinafter. However, no arrears for the period from 1.1.2006 on account of such rounding off would be paid in those cases.

3. This issues with the approval of Ministry Of Finance (Department of Expenditure)ID No.157/EV/2015 dated 30.3.2015.

Authority: www.pensionersportal.gov.in