Pension claim settlement timeline governs timely payment, written deficiency intimation, and interest for delayed processing. Pension claims under the Employees' Pension Scheme are to be settled and the benefit amount paid within twenty days when the claim is complete and supported by the requisite documents. Deficiencies must be recorded in writing and communicated to the applicant within the same period. If the Commissioner fails without sufficient cause to settle a complete claim within twenty days, liability for delay arises and interest at twelve per cent per annum may be charged on the benefit amount and deducted from salary.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Pension claim settlement timeline governs timely payment, written deficiency intimation, and interest for delayed processing.
Pension claims under the Employees' Pension Scheme are to be settled and the benefit amount paid within twenty days when the claim is complete and supported by the requisite documents. Deficiencies must be recorded in writing and communicated to the applicant within the same period. If the Commissioner fails without sufficient cause to settle a complete claim within twenty days, liability for delay arises and interest at twelve per cent per annum may be charged on the benefit amount and deducted from salary.
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