As per Rule 6 of the CCS (Commutation of Pension) Rules, 1981, in cases where the commuted value of pension is paid after retirement, deduction of the amount of commuted pension from monthly pension becomes applicable.
Big news for employees. In fact, the 6th-7th pay commission has been amended once again in the pension rules of employees pensioners. For this an order was issued by the department. Under the new order, some important changes have been made in the rules. Which is very important for employee pensioners to know. Under this rule, pension will be paid to the employees.
As per Rule 5 of the CCS (Commutation of Pension) Rules, 1981, a Government servant can commute for lump sum payment of an amount not exceeding 40 per cent of his pension. In cases where a Government servant has applied for commutation of pension before retirement, the commuted value of pension is to be paid at the time of retirement.
In other cases, payment of commuted value of pension should be made at the earliest after completion, seeking clarification in this department as to whether the retired government servant is required to pay interest in such cases. Where there has been a delay in payment of commuted value of pension.
It is clarified that as per Rule 6 of the CCS (Commutation of Pension) Rules, 1981, in cases where the commuted value of pension is paid after retirement, deduction of the amount of commuted pension from monthly pension becomes applicable. . The date from which the commuted value of pension is paid.
As per Rule 10A of CCS (Commutation of Pension) Rules, the commuted amount of pension is restored on completion of fifteen years from the date of reduction of pension on account of commutation as per Rule 6. Since the pensioner continues to receive full pension till the date of payment of commuted value of pension, the question of payment of any interest on delayed payment of commutation of pension does not arise.
The order said that the clarifications may be brought to the notice of the personnel related to pensionary benefits in the Ministry/Department and its attached/subordinate offices under it for strict implementation. The above provisions of the Rules may also be suitably incorporated in the replies to be filed in court cases on this issue.
