Commutation Rule No.17: Authorization Of Commuted Value Of A Fraction Of Provisional Pension
17. Authorization Of The Commuted Value Of A Fraction Of Provisional Pension:-
(1) If pending determination of final pension, the Head of Office has sanctioned provisional pension to a railway servant under rule 91 of the Railway Pension Rules and such a railway servant has applied for commutation of provisions of rule 10, the Head of Office on receipt of Form 1 shall –
(a) Take action as provided in sub-rule (1) of rule 15 and forward Form 1 to the Accounts Officer along with the duly completed pension papers referred to in rule 81 of the Railway Pension Rules, in case pension papers have not already been forwarded to the Accounts Officer;
(b) Request the Accounts Officer to verify the correctness of the amount of provisional pension and the amount of the commuted value of the percentage of the provisional pension as determined in Part III of Form 1.
[Authority: RBE No.151/2013, No.2011/F(E)III/1(2)/13, 14.01.2013]
(2) The Accounts Officer on receipt of Form 1 under sub-rule (1), shall verify the correctness of the amount of provisional pension and make further verifications as provided in sub-rule (1) of Rule 16.
(3) The Accounts Officer after necessary verification of the amount of the provisional and the amount of the commuted value shall –
(a) Issue authority for the payment of commuted value of pension to the Head of Office with the remarks that the commuted value may be drawn and disbursed to the applicant under intimation to him;
(b) Draw the attention of the Head of Office to the proviso to sub-rule (1) of rule 7 so that the Head of Office.
(4) The Head of Office on receipt of authority from the Accounts Officer under sub-rule (3) Shall draw the amount of commuted values of pension and disburse the same to the applicant under intimation to the Accounts Officer.
(5) The Accounts Officer shall on final assessment of pension:-
(a) Issue authority to the disbursing authority for the payment of the difference between the commuted value so determined and the commuted value already paid by the Head of Office;
(b) Make entry in the Pension Payment Order to be issued on the cessation of the payment of the provisional pension by the Head of Office, the fact of the payment of the commuted value of provisional pension by the Head of Office and also indicate the date from which the payment of the residuary pension shall commence.