Page 658 - Pensions News Today

The Reserve Bank of India (RBI) on Thursday withdrew three circulars on recovery of excess payments made to pensioners, saying the documents didn’t follow guidelines and court orders. In a circular issued on March 17, 2016, the RBI had said as soon as the excess payment made to a pensioner comes to the notice of the paying branch, “the branch should adjust the same against the amount standing to the credit of the pensioner’s account to the extent possible including lumpsum (sic) arrears...

The RBI asked banks to seek guidance from respective pension sanctioning authorities regarding the process to be followed for recovery of excess pension paid to the pensioners.

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State Pension payments will rise this year but an estimated half a million people will miss out How much State Pension you receive when you retire depends on where you live. The video will auto-play soon8Cancel Play now Get the latest on money saving tips and benefit changes straight to your inbox each week with our Record Money newsletter.Invalid EmailSomething went wrong, please try again later. Subscribe When you subscribe we will use the information you provide to send you these newsletters...

National chairman of the Social Democratic Party (PSD) Marcel Ciolacu said on Monday that the Social Democrats have completed their own version of...

There is a growing view within the government that some monitoring is needed in the absence of physical inspections to check wilful defaults.

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