It will be great news for new or say future pensioners as the Centre is going to digitize the entire structure of pension payment system & this will take place very soon. In this new system, the Electronic Pension Payment Order or e-PPO will be given to the pensioners and full information of a pensioner's account would be easily shared between the Central Pension Accounting Office (CPAO), Pension & Accounts Office (PAO) and Banks.
Know the current system: In the current system, half of the pension work is done online and the remaining half is done manually. But after digitalising the system, pension fixation of retiring employees will be completed much faster that presently takes 2 - 3 months.
CG employees - How it works?: Mr. HS Tiwari, the General Secretary of All India Account and Audit Committee said that according to the present scenario the pension of a retiree employee reaches his or her bank account after going through many places. And in the case of central government employees, the head office processes & sends it to the PAO, from where the pension papers go to the CPAO. After following all these methods, it is transferred to the bank, from where the bank transfers the amount.
