Centralized Pension Payments System Fully Rolled Out in All Regional Offices of EPFO across India
About Rs 1570 Crore Pension Disbursed to more than 68 Lakh EPS Pensioners for December 2024
CPPS is a testament to our commitment to modernizing EPFO services and ensuring convenience, transparency and efficiency for our pensioners: Dr. Mandaviya
In a landmark move towards enhancing pension services, EPFO completed full scale rollout of the new Centralized Pension Payments System (CPPS) under Employees’ Pension Scheme 1995 in December 2024. About Rs. 1570 Crore pension was disbursed to more than 68 Lakh pensioners pertaining to all 122 pension disbursing Regional offices of EPFO for December 2024.
The first pilot of Centralized Pension Payment System (CPPS) was successfully completed in October, 2024 in Karnal, Jammu and Srinagar Regional Offices with the pension disbursement of about Rs 11 Crore to more than 49,000 EPS Pensioners. The second pilot was taken up in November, 2024 in 24 Regional Offices in which around Rs. 213 crores pension was disbursed to more than 9.3 lakh pensioners.
Announcing the successful rollout, Union Minister Dr. Mansukh Mandaviya said, “The full-scale implementation of the Centralized Pension Payments System (CPPS) across all Regional Offices of EPFO is a historic milestone. This transformative initiative empowers pensioners to access their pension seamlessly from any bank, any branch, anywhere in the country. It eliminates the need for physical verification visits and simplifies the pension disbursement process. CPPS is a testament to our commitment to modernizing EPFO services and ensuring convenience, transparency, and efficiency for our pensioners. With this rollout, we are setting a new benchmark in pension service delivery, aligning with the vision of a tech-enabled and member-centric EPFO.”
