November 8, 2024 7:06 PM

78 lakh EPS pensioners to benefit as new payment system completes pilot run

Union Minister of Labour and Employment, Dr. Mansukh Mandaviya, announced on Friday the successful completion of the pilot run for the new Centralised Pension Payments System (CPPS) under the Employees’ Pension Scheme (EPS) 1995. The CPPS is designed to enhance pension services for EPS members. The pilot, conducted on October 29-30, disbursed approximately Rs 11 crore in pension payments for October to over 49,000 EPS pensioners across the Jammu, Srinagar, and Karnal regions. According to th...