Chandigarh Latest News: Relief for UT Pensioners on Commuted Value of Pension
Chandigarh Administration's Decision
The Chandigarh administration has announced a major relief for UT pensioners by stopping the recovery of the commuted value of pension from those who have retired on or before March 31, 2022 and have served for a minimum of 10 years post-retirement.
Details of the Order
As part of this initiative, eligible pensioners will receive their full pension back with immediate effect. The decision remains in force until the Punjab and Haryana High Court lifts the stay order regarding pension recovery.
- The Punjab government initiated this order on August 29, targeting pensioners from the state.
- The finance department has communicated this update to all UT departments and pension disbursing banks.
- Future decisions are subject to any legal directions or orders pending in court.
Impact on Pensioners
This significant decision underlines the administration's efforts to support pensioners during challenging times and aligns with recent trends in pension policy changes across the region.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.