Rounding off of a fraction of a rupee in calculation of additional Pension for Railway Pensioners

Rounding off of a fraction of a rupee in calculation of additional Pension for Railway Pensioners

Rounding off of a fraction of a rupee in regulation of additional Pension

G.I., Min. of Railways, Railway Board Orders RBE No.55/2015, F(E) III/2008/PN1/12, dated 2.6.2015

Subject: Rounding off of a fraction of a rupee in regulation of additional Pension.

A copy of Department of pension & pensioners welfare (DOP&PW)’s O.M. No.38/8/15-P&PW(A) dated 16.04.2015 on the above subject is enclosed for information and compliance. These instructions shall apply mutatis-mutandis on the Railways also’ DoP&PW’s O.M. No.38/37/08-P&PW(A) dated 02.09.2008 mentioned in the O.M. has been adopted on Railways vide Board’s letter No.F(E)III/2008/PN1/13 dated 15.09.2008.

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

Rounding off of a fraction of a rupee in regulation of additional pension – Pensioners Portal Clarification

Rounding off of a fraction of a rupee in regulation of additional pension

Government of India
Ministry of Personnel, PG & Pensions
Department of Pension & Pensioners’ Welfare

3rd Floor, Lok Nayak Bhawan
Khan Market, New Delhi-110 003.
Dated the 16th April, 2015

Office Memorandum

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 0M No.38/37/08-P&PW(A) dated 1 ,9.2008 and 0M No. 38/37/08-P&PW(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.

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.

(S.K. Makkar)
Under Secretary to the Government of India

Authority : http://pensionersportal.gov.in/

‘Rounding off’ instructions given by Ministry of Finance as per 6th CPC

‘Rounding off’ instructions given by Ministry of Finance as per 6th CPC

Once again the ’rounding off’ issue has been raised in some defence accounts departments...

CGDA clearly said that the instructions issued by Ministry of Finance vide their office memorandum dated 29th Jan 2009 to round off any amount of a rupee or more to the next multiple of ten is to be implemented only for calculation of Increment under revised pay structure granted on or after 1.7.2009.

“The increment is an increase in pay for each year in a particular date. As per 6th CPC the annual increment has been granted on 1st July of every year and the qualifying period for earning an increment is six months on 1st July. One increment is equal to 3% (three per cent) of the sum of the pay in the pay band and the grade pay will be computed and rounded off to the next multiple of ten.

As per the Rule No.13 of CCS(Revised Pay) Rules 2008, “In the case of calculation of increments under the revised pay structure, paise should be ignored, but any amount of a rupee or more should be rounded off to next multiple of 10. To illustrate, if the amount of increment comes to Rs.1900.70 paise, then the amount will be rounded off to Rs.1900; if the amount of increment works out to be Rs.1901, then it will be rounded off to Rs.1910.”