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Centralized Pension Payment System
September 14 , 2024
71 days
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- The Union Labour Ministry has cleared a proposal for the Centralised Pension Payment System (CPPS).
- It is applicable for about 78 lakh pensioners under the Employees’ Pension Scheme, 1995.
- The new system enables pension disbursement through any bank, any branch across the country.
- This facility will be launched as part of EPFO’s ongoing IT modernisation project Centralised IT Enabled System (CITES 2.01) from January 1, 2025.
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