The Centralized Pension Payment System (CPPS), under the Employees’ Provident Fund Organization (EPFO), has achieved 100% implementation across India.
This initiative aims to simplify pension payments for pensioners under the Employees’ Pension Scheme, 1995, ensuring greater convenience and transparency.
Milestone Achievements and Expansion
Historic Achievement in December 2024
In a groundbreaking move, EPFO successfully transferred pensions to over 68 lakh pensioners across all 122 regional offices.
A total of ₹1570 crore was disbursed, marking a significant milestone in modernizing pension services.
Dr. Mansukh Mandaviya, the Union Labor and Employment Minister, highlighted this as a pivotal step in making pension services more efficient and accessible.
Pilot Projects for CPPS
The system was first tested in October 2024 in Karnal, Jammu, and Srinagar, where ₹11 crore was paid to over 49,000 pensioners.
A second pilot followed in November 2024, successfully disbursing ₹213 crore to more than 9.3 lakh pensioners across 24 regional offices.
EPFO collaborated with 3-4 banks per region, allowing pensioners to withdraw their pensions from any bank without requiring initial verification.
Simplifying Pension Services for All
Convenience and Transparency for Pensioners
CPPS allows pensioners to receive their pensions from any bank or branch in the country.
The need for physical verification has been eliminated, enabling pensioners to access their funds without traveling or visiting a bank. This ensures a smoother, more transparent pension disbursement process.
Nationwide Implementation in 2025
Starting January 2025, pensioners can receive payments without transferring their Pension Payment Order (PPO) between offices, even if they change banks or relocate.
This change is particularly beneficial for retirees who move back to their hometowns, ensuring a hassle-free pension experience.
Setting a New Standard
The CPPS reflects the government’s commitment to improving EPFO services by streamlining processes and removing bureaucratic barriers.
It establishes a new benchmark for ease, transparency, and efficiency in pension payments.
