Para 3.6.20 — MSO (Audit)
Original Rule Text
3.6.20 As in the case of gratuity, the Accountant General (A&E) maintains a separate register for authorising the commuted value of pensions and noting particulars of the payment vouchers against the relevant entries to ensure that payments have been correctly made.
What This Means
Similar to the Gratuity Register, the AG (A&E) maintains a separate register for tracking the commuted value of pensions. When a pensioner commutes (converts) a portion of their pension into a lump sum, this register records the authorization and payment details. The AG (A&E) notes voucher particulars against the register entries to ensure payments have been correctly made.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1A separate register is maintained for commuted value of pension payments
- 2The register is maintained by the AG (A&E) office
- 3It records authorization details and payment voucher particulars
- 4Voucher details are noted against register entries for verification
- 5This ensures commutation payments are correctly made and tracked
Practical Example
A pensioner opted to commute 40% of their monthly pension of Rs 50,000. The commuted value was calculated as Rs 27.6 lakh based on the applicable commutation table and the pensioner's age. The AG (A&E) recorded this in the Commuted Value Register and, after the treasury disbursed the lump sum, noted the voucher number and date against the entry. The pensioner's monthly pension was correspondingly reduced to Rs 30,000.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
What is commutation of pension?▼
How is the commuted value calculated?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.