No more delays for retirees! First pension credit to be based on e-PPO
The first pension credit to the account of a pensioner or family pensioner should be made on the basis of the e-PPO, followed by subsequent verification with physical PPOs.
The government, in a recent memorandum from the office, said that it had been observed that the first pension credit to the account of retirees or family retirees was delayed as bank CPPCs wait for the receipt of the physical PPO for verification before proceeding. start payment of benefits. .
According to the memo, the delay in crediting the pension to the pensioner’s account due to this caused undue hardship for the pensioners.
With the aim of streamlining the process to speed up the payment of the first loan, all directors of CPPCs of licensed banks are requested to ensure that the credit of the first pension to the account of retirees or family retirees is made immediately. the basis of e-PPO and e-SSA received from the CPAO.
The physical PPO booklet and related documents will continue to be sent to CPPCs until further notice. Upon receipt of this, the banks CPPC will verify the details and if any differences are found between the electronic PPO and the manual PPO, the same should be reported to the CCP, CPAO within one month for corrective actions. required.