7th Pay Commission, 7th CPC Latest News: The central government has good news for around 60 lakh retirees. The government has ordered pension payout banks to issue pension slips to retirees in the event of a complete break. At the same time, the Center asked banks to send pension slips to the registered cell phone numbers of retirees by SMS and email.
7th Wage Commission, 7th CPC Latest News: Central government retirees look forward to the restoration of their Dearness Relief (DR) from July 1, 2021 and positive results are expected from the June 26, 2021 payment meeting of DA and DR arrears. At the same time, there is more good news for retired central government employees.
In order to ensure “ease of life” for around 60 lakhs retirees, the central government has ordered pension payout banks to issue pension slips to retirees in the event of a total breakdown. The Center has asked banks to send pension slips to the registered cell phone numbers of retirees by SMS and e-mail. Banks have also been urged to use social media platforms like WhatsApp when necessary.
This movement from the central government will help retired central government employees to know the various allowances of the 7th Pay Commission, in particular the DR and DR arrears. Pension slips will also facilitate tax compliance for retirees. Realizing the benefits of fully dissolved pension slips for retirees, pension payout banks have welcomed the central government decision.
Banks welcome the decision
The Department of Pensions and Retirees, while issuing a memorandum (MO) in this regard, said: “To make life easier for retirees, a meeting was held with the CPPC of the Pensions Paying Banks on 06.15.2021. During which the issue of donations Details of the monthly pension for retirees were discussed. Banks were urged to take this welfare measure. Because this information is needed by retirees with regard to income tax. income, R&D payment, R&D area, etc.
There will be a complete break in the pension bulletin, further it was said that the pension bulletin should contain full details of the monthly pension. In this a full breakdown of the amount deposited into the account and the tax deduction etc. should be given. 7th Pay Commission
