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09Nov 2024
Centre Successfully Trials Centralised Pension Payments System Nationwide
Why in the news? The Union Labour Ministry announced the successful trial of CPPS under EPFO, disbursing ₹11 crore to 49,000 pensioners, aiming for nationwide implementation by January 2025 for improved pension access. Overview of the Pilot Run: The Central Government has successfully tested the new Centralised Pension Payments System (CPPS) under the Employees’ Pension …
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