Mansukh Mandaviya announces successful pilot run of new centralised pension payments system
Labour Minister Mansukh Mandaviya announced the successful pilot run of a new Centralized Pension Payments System (CPPS). The system will allow pensioners to receive payments from any bank branch in India. The pilot disbursed Rs 11 crore to 49,000 pensioners. The system will be fully operational by January 2025. It will benefit over 78 lakh pensioners under the Employees' Pension Scheme 1995.