NO.3/30/2012-3FPPC/715"
GOVERNMENT OF PUNJAB
DEPARTMENT OF FINANCE (FINANCE PENSION POLICY & COORDINATION BRANCH)
Dated, Chandigarh, the 12th May , 2014
To
All Heads of Departments,
Commissioners of Divisions,
Registrar, Punjab & Haryana High Court,
District & Session Judges, and
All the Deputy Commissioners in the State.
Subject:- Commutation of Pension in respect of employees retired on or after 1st April, 2014.
Sir/Madam,
I am directed to invite a reference to this Department Circular letter No.3/30/2012-3FPPC/562 dated 22nd April, 2.013 vide which it was decided that the employees retired on or after 1.4.2013 will be entitled to commute pension equivalent to 20% of their basic pension instead of 40%. The matter has been reconsidered and it has been decided to enhance the amount of commutation from 2.0% to 30%. The commuted portion of pension shall be restored after 15 years from the actual date of commutation, as here-to-fore.
These instructions will apply:-
a) to the employees retiring on or after 01.04.2014.
b) to the employees who are on extension and retired on or after 01.04.2014;
c) to the employees retired before 01.04.2014 but have not applied for the commutation of pension as yet, due to any reason;
d) to the employees retiring on or after 01.04.2014 and whose commutation has already been sanctioned or the employees retired on or after 01.04.2013 shall have the option to receive the additional commutation on enhanced rates.
The provisions of Chapter 11 of Punjab Civil Services Rules Volume-1! shall be deemed to have been amended to the extent as stated above and necessary notification shall be issued in due course of time. Other provisions and table referred in Rule 11.5(2) of the above said Rules shall, however, remain unchanged.
4.
The receipt of this letter may please be acknowledged. Punjabi version of this letter will follow.
Yours faithfully,
(USHASEHGAL) Joint Secretary Finance
No. 3/4/2014-3FPPC/ 7% Dated, Chandigarh, the 12th May, 2014
A copy is forwarded to the:-
1. The Chief Secretary to the Government, Punjab;
2. All the Financial Commissioners and Principal Secretaries and Administrative Secretaries to the
Government of Punjab
-2
3. Resident Financial Commissioner, Punjab, Punjab Bhawan, Copernicus Marg, New Delhi.
For information and necessary action.
Superintendent
No. 3/4/2014-3FPPC/ ~] °\ ~) Dated, Chandigarh, the 12th May, 2014
A copy is forwarded to the: -
1. Secretary to Government of Haryana, Department of Finance, Chandigarh.
2. Secretary to Government of Himachal Pradesh, Department of Finance, Shimla.
3. Finance Secretary, Chandigarh Administration (U.T.), Chandigarh.
4. Secretary to Punjab Vidhan Sabha.
5. Addl. Director, IAO (R), Sector-22 D, Chandigarh.
6. All the Deputy Controllers (F & A), IAO (R) Punjab, Chandigarh.
7. President, Punjab State Accounts Services Association (Regd.), Sector-22 D, Chandigarh, for information and necessary action.
No. 3/4/2014-3FPPC/ 7 ^ Dated, Chandigarh, the 12th May, 2014
A copy is forwarded to the:-
1. Accountant General (A & E), Punjab. Pension-111 Branch, Sector 17, Chandigarh (1500 copies)
2. Accountant General (Audit), Punjab, Chandigarh (20 copics)
3. Accountant General, Haryana, Chandigarh.
4. Accountant General, Himachal Pradesh, Shimla.
5. Deputy Accountant General, Office of the Accountant General, Himachal Pradesh and Union Territory, Sector 17, Chandigarh.
6. All District Treasury Officers and Treasury Officers in the State of Punjab; (100 copies)
7. Assistant Pay and Accounts Officer, Punjab Bhawan, New Delhi.
8. Director, Pensions and Pensioner’s Welfare, Punjab, Chandigarh ;(500 copics)
9. Director, Public Relations, Punjab, Chandigarh;
10. Chief Accountant, Reserve Bank of India, Department of Government and BankAccounts, Central Office C-7, Bandra Kurla Complex, Post Box No.8143, Bandra Mumbai .
for information and necessary action.
No. 3/4/2014-3FPPC/ 7*7*7 Dated, Chandigarh, the 12th May, 2014
Copies are forwarded to the: -
1. General Manager, Operation, Parliament Street, State Bank of India New Delhi; (30 copies)
2. Development Manager (P& S Banking State Bank of Patiala), H.O., The Mall,
Patiala; (300 copies)
3. Regional Manager, Indian Overseas Bank, Showroom Nos. 11-13, Madhya Marg, Sector-7-C, Chandigarh ;(100 copies)
4. Regional Manager, Central Bank of India, Regional Office, 427-A Ghumar Mandi Ludhiana ;(60 copies)
5. Regional Manager, Central Bank of India, Regional Office, 1, Queens Road, Civil Lines, Amritsar ;(50 copies)
Regional Manager, State Bank of India, Zonal Office PB Nos 113, 68-69 Bank Square Sector-17, Chandigarh;(30 copies)
The Zonal Manager, Bank of India 181-82, Sector 17, Chandigarh; (50copies)
Punjab National Bank, Feroze Gandhi Market, Ludhiana.;(20 copies)
Regional Manager, Punjab National Bank, Regional Office, Neeland Road,
Amritsar; (50 copes)
Regional Manager, Punjab National Bank, Regional Office Feroze Gandhi Market, Pakhowal Road, Ludhiana ;(60 copics)
Regional Manager, Punjab National Bank, Regional Office, Civil Lines, Jalandhar (50 copies)
Regional Manager, Punjab National Bank, Regional Office, Jalandhar Road,
Hoshiarpur (65 copies)
Regional Manager, Punjab National Bank, Kapurthala;(50 copics)
Zonal Office, Punjab National Bank, Sector 17, Chandigarh ;(30 copies)
Manager, State Bank of India, Banking operations department, Local Head office, Sector-17, Chandigarh;(100 copies)
Zonal Manager, United Commercial Bank, Zonal Office, SCO no. 1092-93, Sector-22 C, Chandigarh;(30 copies)
Divisional Manager, United Commercial Bank, Divisional Bank, 1st floor, Bank Square, Sector 17, Chandigarh;(50 copies)
Divisional Manager, United Commercial Bank Bldg., 3rd floor, Sector-17, Chandigarh (20 copies)
Divisional Manager, United Commercial Bank, MC Chovvk, Jalandhar ;(20 copies) Regional Manager, PNB, Dharamshala, HP.
Regional Manager, Punjab National Bank, Regional Office, Karnal, Haryana;(30 copies)
Regional Manager, Oriental Bank of Commerce, Sector 17, Cl ID. (20 copies)
Sh.S.D.Sobati,The President, Government Pensioners Association, Kothi no. 2786, Sector-22-C, Chandigarh.(20 copies)
Sh.Puran Chand,General Secretary,The President, Punjab Secretariat Services (Retd.) Officers Asso.; H.No.222, Sector-44A,Chandigarh.(10 copies)
The Secretary, Punjab State Electricity Board, The Mall, Patiala;(10 copies)
President, Punjab Government Pensioners Association (Rcgd.) Fcrozepur(10 copies)
Examiner, Local Fund Accounts, Punjab, Chandigarh ;(5 copies)
Regional Manager, Oriental Bank of Commerce, The Mall, Patiala ;(5 copies)
Regional Manager, Oriental Bank of Commerce, The Main Road, Jalandhar ;(10 copies)
Regional Manager, Punjab & Sind Bank, Sector-17, Chandigarh ; (10 copies)
Manager, Indian Overseas Bank, Regional office, 550/1, College Road, Fountain Chowk, Civil Line Ludhiana (10 copies)
Manager, Central Bank of India, Sector-17, Chandigarh ;(15 copies)
Regional Manager, Indian Bank, SCO-189-192, Scctor-7 C, Chandigarh ;(20 copies)
J.K Sharma Sanchalok Pensioners Helpline 169/2 I lira Mahal Colony Nabha (Distt) Patiala.(5 copies).
Registrar Guru Nanak Dev University Amritsar.
President, Pensioners and Senior Citizens Welfare Association, 762, Sector-60-Mohali.
President, Pensioners Welfare Association, Room number - 110, D-Block, Mini Secretariat, Patiala - 147 001. (5 Copies).
President, Retired Teachers and other Pensioners Welfare Association, 259, Kirti Nagar, Ferozepur City.
Contd.....
—- «vo lu me
President, Government Pensioners Association,#3018,Sector 28-D, Chandigarh,
160018
Principal Secretary FinanceUttrakhand-4, Subhash Road, Secretariat Dehradun 248001.
Accountant General Uttrakhand, Oberoi Motor Building, Saharanpur Road Majra, Dehradun-248171.
General Manager, Punjab National Bank, Transaction Banking Division, Rajindra Bhawan, Rajindra Place, New Delhi(50 copies)
Sh A. N. Sharma Pensioners Association (Regd.) Kothi No :820 Phase 7 Mohali(5 copies)
Uco Bank Head office, Finance Department 2 India Exchange Placc 3ld Floor,kolkatta 700001(50 Copies).
Accountant General,(A&E) Allahabad Uttra Pradcshl(20 Copics)
General Secretary,Govt. Pensioner Association(Regd)l618, Sector 15, Panchkula.(20 copics) Sh. Karam Singh Dhanoa, President, Punjab Govt. Pensioners Association Distt. S.A.S. Nagar (Mohali, # MIG(I),4747, Sector 70, Mohali.(10 copies)
Sh. Mohan Singh, General Secretary, President, Punjab Govt. Pensioners Association Distt.
S.A.S. Nagar(Mohali, #2755, Phase-7, Mohali.(10 copies)
Asst, General Manager, State Bank of India, C.P.P.C. 2lld Floor, Sector 5, Panchkula,(20 copies)
President Punjab Irrigation Retd. Engineers Welfare Association, SCO 212, Sector 36-D , Chandigarh. (10 Copies)
Pritpal Singh, President, State Karamchari Cell, BJP, Punjab, B-XXV-1028/4, Basti Jodhewal, Ludhiana (10 Copies)
Sh. Prem Sagar Sharma, President, Punjab State Pensioners Mahasangh, Ward No. 3, Samrala. (10 copies)
Punjab Pensioners Welfare Association (Regd.), Distt: Hoisharpur, Head Office: Room No:19, Mini Secretariat, Hoisharpur. (10 Copies)
Excise and Taxation Department, Punjab, Pensioners Welfare Association, # 2063-B/5, Shergill Residence (Nani House), Guru Teg Bahadur Nagar, Lehal, Patiala. Mob: 9876088706.
Sh. Sukhdev Singh DIG (R), Former Director, President Punjab Policc Pensioners Welfare Association, Chandigarh, Room No:716-A, 7th Floor , Punjab Police Hqrs, Chandigarh.
Sh. B.R. Gupta, General Secretary, Punjab Raj Pensioners Union, Chandigarh, # 847 sec-11, Panchkula-134109. .
Sh. Dewan Garg, President, Senior Citizen (P&S) Welfare Association, 43, Power Colony. Lehra Muhabbat, Distt. Bhatinda (Punjab) -151111.
Sh. Sanjay Khosla, Safai Majdoor Union (Regd.), Town Hall, Amritsar.
Punjab Excise & Taxation Pensioners Welfare Association, 724-Block 1, Bhai Randhir Singh Nagar, Ludhiaba- 141012.
Chairman, Pensioners Information Centre Management Committee, Mini Secretariat, Ludhiana.
The Regional Manager, Punjab National Bank (Pension Branch), Regional Office, Bikajee Park, New Delhi.
General Secretary, BBMB Pensioners & Senior Citizen Welfare Association, H.No.500, Mohalla Indra Nagar, Nangal Township, Distt. Ropar (Punjab).
<“-{iu_f ei~ Superintenu^uL
GOVERNMENT OF PUNJAB
DEPARTMENT OF FINANCE (FINANCE PENSION POLICY & COORDINATION BRANCH)
Dated, Chandigarh, the 12th May , 2014
To
All Heads of Departments,
Commissioners of Divisions,
Registrar, Punjab & Haryana High Court,
District & Session Judges, and
All the Deputy Commissioners in the State.
Subject:- Commutation of Pension in respect of employees retired on or after 1st April, 2014.
Sir/Madam,
I am directed to invite a reference to this Department Circular letter No.3/30/2012-3FPPC/562 dated 22nd April, 2.013 vide which it was decided that the employees retired on or after 1.4.2013 will be entitled to commute pension equivalent to 20% of their basic pension instead of 40%. The matter has been reconsidered and it has been decided to enhance the amount of commutation from 2.0% to 30%. The commuted portion of pension shall be restored after 15 years from the actual date of commutation, as here-to-fore.
These instructions will apply:-
3.
a) to the employees retiring on or after 01.04.2014.
b) to the employees who are on extension and retired on or after 01.04.2014;
c) to the employees retired before 01.04.2014 but have not applied for the commutation of pension as yet, due to any reason;
d) to the employees retiring on or after 01.04.2014 and whose commutation has already been sanctioned or the employees retired on or after 01.04.2013 shall have the option to receive the additional commutation on enhanced rates.
The provisions of Chapter 11 of Punjab Civil Services Rules Volume-1! shall be deemed to have been amended to the extent as stated above and necessary notification shall be issued in due course of time. Other provisions and table referred in Rule 11.5(2) of the above said Rules shall, however, remain unchanged.
4.
The receipt of this letter may please be acknowledged. Punjabi version of this letter will follow.
5.
6.
6.
Yours faithfully,
(USHASEHGAL) Joint Secretary Finance
No. 3/4/2014-3FPPC/ 7% Dated, Chandigarh, the 12th May, 2014
A copy is forwarded to the:-
1. The Chief Secretary to the Government, Punjab;
2. All the Financial Commissioners and Principal Secretaries and Administrative Secretaries to the
Government of Punjab
-2
3. Resident Financial Commissioner, Punjab, Punjab Bhawan, Copernicus Marg, New Delhi.
For information and necessary action.
Superintendent
No. 3/4/2014-3FPPC/ ~] °\ ~) Dated, Chandigarh, the 12th May, 2014
A copy is forwarded to the: -
1. Secretary to Government of Haryana, Department of Finance, Chandigarh.
2. Secretary to Government of Himachal Pradesh, Department of Finance, Shimla.
3. Finance Secretary, Chandigarh Administration (U.T.), Chandigarh.
4. Secretary to Punjab Vidhan Sabha.
5. Addl. Director, IAO (R), Sector-22 D, Chandigarh.
6. All the Deputy Controllers (F & A), IAO (R) Punjab, Chandigarh.
7. President, Punjab State Accounts Services Association (Regd.), Sector-22 D, Chandigarh, for information and necessary action.
No. 3/4/2014-3FPPC/ 7 ^ Dated, Chandigarh, the 12th May, 2014A copy is forwarded to the:-
1. Accountant General (A & E), Punjab. Pension-111 Branch, Sector 17, Chandigarh (1500 copies)
2. Accountant General (Audit), Punjab, Chandigarh (20 copics)
3. Accountant General, Haryana, Chandigarh.
4. Accountant General, Himachal Pradesh, Shimla.
5. Deputy Accountant General, Office of the Accountant General, Himachal Pradesh and Union Territory, Sector 17, Chandigarh.
6. All District Treasury Officers and Treasury Officers in the State of Punjab; (100 copies)
7. Assistant Pay and Accounts Officer, Punjab Bhawan, New Delhi.
8. Director, Pensions and Pensioner’s Welfare, Punjab, Chandigarh ;(500 copics)
9. Director, Public Relations, Punjab, Chandigarh;
10. Chief Accountant, Reserve Bank of India, Department of Government and BankAccounts, Central Office C-7, Bandra Kurla Complex, Post Box No.8143, Bandra Mumbai .
for information and necessary action.
No. 3/4/2014-3FPPC/ 7*7*7 Dated, Chandigarh, the 12th May, 2014
Copies are forwarded to the: -
1. General Manager, Operation, Parliament Street, State Bank of India New Delhi; (30 copies)
2. Development Manager (P& S Banking State Bank of Patiala), H.O., The Mall,
Patiala; (300 copies)
3. Regional Manager, Indian Overseas Bank, Showroom Nos. 11-13, Madhya Marg, Sector-7-C, Chandigarh ;(100 copies)
4. Regional Manager, Central Bank of India, Regional Office, 427-A Ghumar Mandi Ludhiana ;(60 copies)
5. Regional Manager, Central Bank of India, Regional Office, 1, Queens Road, Civil Lines, Amritsar ;(50 copies)
Regional Manager, State Bank of India, Zonal Office PB Nos 113, 68-69 Bank Square Sector-17, Chandigarh;(30 copies)
The Zonal Manager, Bank of India 181-82, Sector 17, Chandigarh; (50copies)
Punjab National Bank, Feroze Gandhi Market, Ludhiana.;(20 copies)
Regional Manager, Punjab National Bank, Regional Office, Neeland Road,
Amritsar; (50 copes)
Regional Manager, Punjab National Bank, Regional Office Feroze Gandhi Market, Pakhowal Road, Ludhiana ;(60 copics)
Regional Manager, Punjab National Bank, Regional Office, Civil Lines, Jalandhar (50 copies)
Regional Manager, Punjab National Bank, Regional Office, Jalandhar Road,
Hoshiarpur (65 copies)
Regional Manager, Punjab National Bank, Kapurthala;(50 copics)
Zonal Office, Punjab National Bank, Sector 17, Chandigarh ;(30 copies)
Manager, State Bank of India, Banking operations department, Local Head office, Sector-17, Chandigarh;(100 copies)
Zonal Manager, United Commercial Bank, Zonal Office, SCO no. 1092-93, Sector-22 C, Chandigarh;(30 copies)
Divisional Manager, United Commercial Bank, Divisional Bank, 1st floor, Bank Square, Sector 17, Chandigarh;(50 copies)
Divisional Manager, United Commercial Bank Bldg., 3rd floor, Sector-17, Chandigarh (20 copies)
Divisional Manager, United Commercial Bank, MC Chovvk, Jalandhar ;(20 copies) Regional Manager, PNB, Dharamshala, HP.
Regional Manager, Punjab National Bank, Regional Office, Karnal, Haryana;(30 copies)
Regional Manager, Oriental Bank of Commerce, Sector 17, Cl ID. (20 copies)
Sh.S.D.Sobati,The President, Government Pensioners Association, Kothi no. 2786, Sector-22-C, Chandigarh.(20 copies)
Sh.Puran Chand,General Secretary,The President, Punjab Secretariat Services (Retd.) Officers Asso.; H.No.222, Sector-44A,Chandigarh.(10 copies)
The Secretary, Punjab State Electricity Board, The Mall, Patiala;(10 copies)
President, Punjab Government Pensioners Association (Rcgd.) Fcrozepur(10 copies)
Examiner, Local Fund Accounts, Punjab, Chandigarh ;(5 copies)
Regional Manager, Oriental Bank of Commerce, The Mall, Patiala ;(5 copies)
Regional Manager, Oriental Bank of Commerce, The Main Road, Jalandhar ;(10 copies)
Regional Manager, Punjab & Sind Bank, Sector-17, Chandigarh ; (10 copies)
Manager, Indian Overseas Bank, Regional office, 550/1, College Road, Fountain Chowk, Civil Line Ludhiana (10 copies)
Manager, Central Bank of India, Sector-17, Chandigarh ;(15 copies)
Regional Manager, Indian Bank, SCO-189-192, Scctor-7 C, Chandigarh ;(20 copies)
J.K Sharma Sanchalok Pensioners Helpline 169/2 I lira Mahal Colony Nabha (Distt) Patiala.(5 copies).
Registrar Guru Nanak Dev University Amritsar.
President, Pensioners and Senior Citizens Welfare Association, 762, Sector-60-Mohali.
President, Pensioners Welfare Association, Room number - 110, D-Block, Mini Secretariat, Patiala - 147 001. (5 Copies).
President, Retired Teachers and other Pensioners Welfare Association, 259, Kirti Nagar, Ferozepur City.
Contd.....
—- «vo lu me
President, Government Pensioners Association,#3018,Sector 28-D, Chandigarh,
160018
Principal Secretary FinanceUttrakhand-4, Subhash Road, Secretariat Dehradun 248001.
Accountant General Uttrakhand, Oberoi Motor Building, Saharanpur Road Majra, Dehradun-248171.
General Manager, Punjab National Bank, Transaction Banking Division, Rajindra Bhawan, Rajindra Place, New Delhi(50 copies)
Sh A. N. Sharma Pensioners Association (Regd.) Kothi No :820 Phase 7 Mohali(5 copies)
Uco Bank Head office, Finance Department 2 India Exchange Placc 3ld Floor,kolkatta 700001(50 Copies).
Accountant General,(A&E) Allahabad Uttra Pradcshl(20 Copics)
General Secretary,Govt. Pensioner Association(Regd)l618, Sector 15, Panchkula.(20 copics) Sh. Karam Singh Dhanoa, President, Punjab Govt. Pensioners Association Distt. S.A.S. Nagar (Mohali, # MIG(I),4747, Sector 70, Mohali.(10 copies)
Sh. Mohan Singh, General Secretary, President, Punjab Govt. Pensioners Association Distt.
S.A.S. Nagar(Mohali, #2755, Phase-7, Mohali.(10 copies)
Asst, General Manager, State Bank of India, C.P.P.C. 2lld Floor, Sector 5, Panchkula,(20 copies)
President Punjab Irrigation Retd. Engineers Welfare Association, SCO 212, Sector 36-D , Chandigarh. (10 Copies)
Pritpal Singh, President, State Karamchari Cell, BJP, Punjab, B-XXV-1028/4, Basti Jodhewal, Ludhiana (10 Copies)
Sh. Prem Sagar Sharma, President, Punjab State Pensioners Mahasangh, Ward No. 3, Samrala. (10 copies)
Punjab Pensioners Welfare Association (Regd.), Distt: Hoisharpur, Head Office: Room No:19, Mini Secretariat, Hoisharpur. (10 Copies)
Excise and Taxation Department, Punjab, Pensioners Welfare Association, # 2063-B/5, Shergill Residence (Nani House), Guru Teg Bahadur Nagar, Lehal, Patiala. Mob: 9876088706.
Sh. Sukhdev Singh DIG (R), Former Director, President Punjab Policc Pensioners Welfare Association, Chandigarh, Room No:716-A, 7th Floor , Punjab Police Hqrs, Chandigarh.
Sh. B.R. Gupta, General Secretary, Punjab Raj Pensioners Union, Chandigarh, # 847 sec-11, Panchkula-134109. .
Sh. Dewan Garg, President, Senior Citizen (P&S) Welfare Association, 43, Power Colony. Lehra Muhabbat, Distt. Bhatinda (Punjab) -151111.
Sh. Sanjay Khosla, Safai Majdoor Union (Regd.), Town Hall, Amritsar.
Punjab Excise & Taxation Pensioners Welfare Association, 724-Block 1, Bhai Randhir Singh Nagar, Ludhiaba- 141012.
Chairman, Pensioners Information Centre Management Committee, Mini Secretariat, Ludhiana.
The Regional Manager, Punjab National Bank (Pension Branch), Regional Office, Bikajee Park, New Delhi.
General Secretary, BBMB Pensioners & Senior Citizen Welfare Association, H.No.500, Mohalla Indra Nagar, Nangal Township, Distt. Ropar (Punjab).
<“-{iu_f ei~ Superintenu^uL
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