EPFO completes rollout of centralised system for pensioners.

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EPFO completes rollout of centralised system for pensioners
The Hindu Bureau
NEW DELHI

The Employees’ Provident Fund Organisation (EPFO) has completed full-scale implementation of the new Centralised Pension Payments System (CPPS) to provide PF pensions under the Employees’ Pension Scheme (EPS). Pension worth ₹1,570 crore, for December 2024, was disbursed to more than 68 lakh pensioners in 122 pension disbursing regional offices, the Union Labour Ministry said on Friday.

The pilot of the CPPS was completed in October 2024 in Karnal, Jammu and Srinagar regional offices. The second pilot was taken up in November 2024 in 24 regional offices. Announcing the successful rollout, Union Labour Minister Mansukh Mandaviya termed the move a historic milestone. “This transformative initiative empowers pensioners to access their pension seamlessly from any bank, any branch in the country. It eliminates the need for physical verification visits and simplifies the pension disbursement process. CPPS is a testament to our commitment to modernising EPFO services and ensuring convenience, transparency, and efficiency for our pensioners,” Mr. Mandaviya said.

Paradigm shift
The EPFO has been maintaining that the CPPS is a paradigm shift from the existing pension disbursement system that is decentralised, requiring 24 regional offices of the EPFO maintaining separate agreements with only three to four banks.

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