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18/01/21 09:05 AM IST

Pension Payment Order

In news

The recently-introduced electronic pension payment order (e-PPO) promises ease of living for senior citizens.

Issue
  • The Department of Pensions and Pensioners' Welfare in the ministry was often at the receiving end of complaints from senior citizens about the original copies of their pension payment order getting misplaced.
  • "In such situations, the pensioners, particularly the older pensioners, had to face several hardships.
Solution

Department of Pensions and Pensioners' Welfare decided to integrate the electronic PPO generated through PFMS application of CGA (Controller General of Accounts) with Digi-locker.

Significance

This enables the pensioner to obtain an instant print - out of the latest copy of his PPO from the Digi-locker account.

Pension Payment Order (PPO)

It is a unique number or a code provided to the pensioners of employees’ pension scheme (EPS) to help them to get a pension after retirement. PPO and is allotted by the EPFO to every employee who retires from any organisation.

Source: PIB

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