Pension for veterans working with public sector units

Pension bonanza for veterans working with public sector units

Defence services personnel who had drawn lump sum payment on joining public sector undertakings or other autonomous bodies after release from the armed forces are in for a financial bonanza as their pension has not only been restored but would be revised in accordance with the latest benefits extended to other pensioners.

“Orders have been issued for restoration of full pension for those defence pensioners who had drawn lump sum on absorption in payment public sector undertakings or other autonomous bodies after expiry of commutation period of 15 years from the date of payment of 100 per cent lump sum amount,” a memo sent to the three Service Chiefs last week by the Department of Ex-servicemen Welfare states.