Submission of Annual Life Certificate

All Govt pensioners drawing their pension from J&K Bank are requested to deposit their life certificates by or before 26.11.2018 to ensure continued disbursal of pension. Pensioners can get their life certificate recorded by using any of the following options:

1) Pensioners can now visit at any Business Unit of the bank in person for withdrawal of pension and have an option to get the Life certificate recorded in the system through the concerned Bank Officer against computer generated receipt instead of submitting a hard copy of the same
2) Pensioners who cannot visit in person can send their Life Certificates to any Business Unit of the bank duly signed by any Gazetted Officer/ J&K Bank Officer. Format of life certificate can be downloaded here  or hard copy of the same can be collected from any Business Unit of J&K Bank.
3) Pensioners having valid aadhaar card can submit their life certificate digitally from home or through  jeevan pramaan centres using jeevan pramaan application. The application can be downloaded from website https://jeevanpramaan.gov.in/

Monthly Pension for the month of November, 2018 onwards shall not be disbursed in favour of those Pensioners/Family Pensioners who fail to submit Life Certificate up to 26th November, 2018.

Sub: Implementation of Mediclaim Insurance Policy for Pensioners.
Reference to the State Administrative Council Decision No. 54/10/2018 dated 31-08-2018 and subsequent Government Order No: 406-FD of 2018 dated 20-09-2018 issued by Finance Department, Govt. of J&K, sanction has been accorded to the implementation of the Group Mediclaim insurance policy for all State Government Employees including employees of PSU’s/Autonomous Bodies/Universities on mandatory basis and Pensioners and their dependent Family member’s on optional basis w.e.f 01.10.2018 for a period of one year and extendable annually for three years based on performance of the insurer.

As per the Government order the policy has been tied up with M/S Reliance General Insurance Company Ltd on annual premium of Rs. 22,229.00 for pensioners. The said policy will provide health insurance coverage up to Rs. 6.00 Lac per pensioner per annum along with his/her five dependent family members on floater basis.

Annual Premium for pensioners will be (Rs. 22229.00-Rs 3600.00)=Rs 18,629.00 which shall be deducted in four quarterly installments of Rs 4657.00 on 1st October, 1st January, 1St April and the last installment of Rs. 4658.00 on 1st July each year. The medical allowance in favor of all enrolled pensioners who opt for the policy shall be drawn and credited to Account No. 0110010200000901 (J&K Govt. Mediclaim Insurance Policy) maintained with Business Unit Moving Secretariat during the currency of the policy on monthly basis. 
Accordingly as per the directions of Finance Department, Govt of J&K, all such Pensioners who opt for the said mediclaim policy shall make an application to the concerned Treasury Officer/Branch Head for making deduction of premium from their pension in the prescribed  format.

 

Subject:-  Payment of Dearness Allowance  to Central Government Pensioner/Family Pensioners Revised from 7% to 9% w.e.f 1st July, 2018.
In Pursuance to  OM No. 1/2/2018-E-II(B)dated 7th September .2018  Issued by Government of India, Ministry of Finance Department of Expenditure, sanction has been  accorded  to enhancement of Dearness Allowance in favour of  Central Government Pensioners/Family Pensioners  from 7% to 9% w.e.f 1st July 2018 .


Existing Rate of D.A                     

Revised Rate of D.A                        

Date from which applicable

7%                                                        

9%                                                   

01-07-2018

The Centralized Pension Department will disburse the arrears on account of enhancement in DA by 2% w.e.f 01.07.2018 to 31.08.2018 to Central Government pensioners/Family Pensioners along with the pension of September, 2018.

 

Sub: 7TH Pay commission implementation for Pensioners/Family Pensioners.
Reference to the Cabinet decision No. 77/5/2018 dated 24.04.2018 and subsequent Government Order No: 222-F of 2018 dated 24.04.2018 issued by Finance Department, Govt. of J&K, sanction has been accorded to the rationalization of pension structure for pre 01.01.2016 pensioners/family pensioners w.e.f 01.01.2016.The order applies to all the pensioners/family pensioners who were drawing pension/family pension as on 31-12-2015. As an interim measure, pension at the revised rates had been disbursed as per Formulation –I. As per the Formulation –I the existing pension/family pension is  multiplied by factor 2.57 to arrive at the value of revised pension/revised family pension. Accordingly, 7th pay commission/ revised pension was disbursed for pre 01.01.2016 pensioners on 1st of May 2018.

Further reference to Government Order No: 223-F of 2018 dated 24.04.2018, it has been notified that payment of arrears of pension on account of revision of pension of state Government pensioners for the period 01.01.2016 to 31.03.2018 has been ordered as under:-


Installment

Date of Withdrawal

1st Installment

On or after 01.10.2018

2nd Installment

On or after 01.04.2019

3rd Installment

On or after 01.10.2019

Consequent upon the revision of pension of State Government Pensioners/family pensioners, the revised rates of Dearness Allowance on revised pension are notified as under:-


Date from which applicable

DA Rates

From 01.01.2016

No Dearness Allowance

From 01.07.2016

2% of pension/ Family pension

From 01.01.2017

4% of pension/ Family pension

From 01.07.2017

5% of pension/ Family pension

From 01.01.2018

7% of pension/ Family pension