ONE MORE CIRCULAR ISSUED FOR BANKS NOT ACT ON SANGAM PROJECT PPOS.-CIR-181

ONE MORE CIRCULAR ISSUED FOR BANKS  NOT TO ACT ON SANGAM PROJECT  PPOs.- CIR 181.

The Pre 2006 retirees are being issued with revised PPOs  under  SANGAM PROJECT. 

It has come to the notice that, the Rate of pension  mentioned is mostly incorrect ,  that is , it is Reduced  / Increased from the existing rate.

Due to this, the Banks have immediately effected the reduced Rate and Recovered the excess amount paid thus putting the pensioners in to hardship.

But  the PDAs have not effected the increased Rate .

The PCDA had issued a Circular  163 in this regard,  to verify before acting on the PPO. But the PDAs have not bothered about the circular  and effected the revision and  recoveries.

Organizations like IESM and Exwel Trust . represented the hardships faced by the veterans/ families to MOD and PCDA.

Now  the PCDA has issued another circular No.181 instructing the PDAs  not to act on  the PPOs if there is any variation in the Rate already being paid, instead they have to inform the PCDA through the Annexure  as per the circular for confirmation  and corrections.

Affected veterans/ families are requested to note the same and request the Banks not to effect the Sangam Project PPOs if there is any difference  from the existing rate of pension.