Commutation Rule No.16: Authorization Of Commuted Value By The Accounts Officer
16. Authorization Of Commuted Value By The Accounts Officer:-
(1) The Accounts Officer on receipt of Form 1 from the Head of Office shall verify that:-
(a) Information furnished by the Head of Office in Part III of Form 1 is correct;
(b) The applicant is eligible to commute a percentage of his pension without medical examination;
[Authority: RBE No.151/2013, No.2011/F(E)III/1(2)/13, 14.01.2013]
(c) The commuted value of pension has been determined correctly by the Head of Office.
(2) The Accounts Officer after necessary verification of the information furnished in Form 1 shall:-
(a) Issue authority for the payment of commuted value of pension to the disbursement authority concerned;
(b) Draw the attention of the disbursing authority concerned to the proviso to sub-rule (1) of rule 7 so that the disbursing authority may make entry in the Pension Payment Order regarding the date on which the amount of pension is to be reduced on account of commuted part of pension;
(c) Endorse to the applicant a copy of the authority to in clause (a) with the instruction that he should collect the commuted value of pension from the disbursing authority.
(3) (a) The Accounts Officer on receipt of in Form 8 of the Railway Services (Pension) Rules, 1993 or Form 2 of these rules from the Head of Office shall ascertain and verify if the amount of superannuation pension of the applicant has been calculated and if not, take steps to finalize the amount of pension so that the Pension Payment Order is issued before one month of the date of retirement of the applicant.
[Authority: RBE No.113/2015, No.2015/F(E)III/1(2)/8, 22.09.2015]
(b)(i)The Accounts Officer after necessary verification of the information furnished in in Form 8 of the Railway Services (Pension) Rules, 1993 or Form 2 of these rules shall –
[Authority: RBE No.113/2015, No.2015/F(E)III/1(2)/8, 22.09.2015]
(A) Authorize the Head of Office to draw the amount of commuted valued of pension on submission of a bill to him and hand over the cheque or draft super scribed ‘Not Payable before the ……. (date following the date of retirement)’ to the pensioner;
(B)Indicate in both the halves of the Pension Payment Order (1) the gross pension; (2) the amount of pension commuted, and (3) the fact that the commuted value of pension has been authorized separately through the Drawing and Disbursing Officer;
(C) Correspondingly reduce the monthly pension from its inception;
(D) Make a note of payment of the commuted value of pension having been made to the retiring railway servant in his service book; and
(E) Where the payment of commuted value of pension has not been made within the first month after the date of retirement and the delay is not attributable to the pensioner, the Accounts Officer shall issue an authority to the Head of Officer for the payment of the difference of monthly pension for the period between the day following the date of retirement and the date preceding the date on which the commuted value of pension is deemed to have been paid in terms of rule 49 of the Central Government Accounts (Receipts and Payment) Rules, 1983.
(ii) The Accounts Officer shall intimate to the applicant the date on which the Pension Payment Order has been dispatched to the disbursing authority.
(iii) The Accounts Officer shall also request the Head of Office to intimate the date on which the cheque or draft of the commuted value of the pension has been handed over to the applicant.