Defence Pensioners

The number of subscribers under the National Pension Scheme (NPS) and Atal Pension Yojana (APY) increased 23 per cent to over 6.24 crore as of March 4, the Finance Ministry said on Friday. Of this, there was over 28 per cent growth in APY subscribers and more than 1 crore new customers were added. The total pension assets under management (AUM) under NPS and APY grew 23.45 per cent year-on-year to Rs 8.82 lakh crore as of March 4, 2023. "The number of subscribers under various schemes under the National Pension System (NPS) rose to 624.81 lakh as of March 4th 2023 from 508.47 lakh on March 5, 2022, showing a year-on-year (y-o-y) increase of 22.88 per cent," the ministry said in a statement. As of March 31 last year, the total number of NPS subscribers was 5.20 crore. Of the total 6.24 crore subscribers currently, 23.86 lakh and 60.72 lakh are central and state government employees, respectively. Corporate subscribers stood at 16.63 lakh. The number of APY subscribers rose 28.4 pe

The Ministry of Defence on Wednesday said it has approved the extension of pension payment for three months for pensioners who migrated to its SPARSH platform and whose identification was due in November. The System for Pension Administration (Raksha) or SPARSH is a web-based system for processing pension claims and crediting the pension directly into bank accounts of defence pensioners without any external intermediary. "The Ministry of Defence has approved the extension of pension payment for three months for banks' pensioners, who migrated to SPARSH...and whose identification was due in November 2022," it said in a statement. "It is reiterated that the process of annual identification/life certification is a statutory requirement for continued and timely credit of monthly pension. Thus, all defence pensioners who are yet to complete their annual identification are requested to complete their annual identification/life certification by February 2023 positively to ensure smooth ...

Pension is growing faster than the salaries of state employees, accounted for a third of revenue expenditure by armed forces in 2013-14 and 2020-21

The financial benefit will come into effect from February 8, 2021

Former Congress chief Rahul Gandhi also slammed the government over the issue

Over 1.25 lakh of those pensioners are Nepali citizens