To protect pensioners from financial loss and clerical errors, the Government introduced the ‘Bhavishya’ software in 2017. This centralized pension processing software not only simplifies the process of pension settlement but also ensures transparency and accountability in it. Dr. Jitendra Singh said that due to this, pensioners have benefited a lot, it is proving to be a boon for pensioners.
What is ‘Bhavishya’ Software
The ‘Bhavishya’ software has been made mandatory for all central ministries and departments from 01 January 2017. It aims to eliminate delays and errors in settlement of pension cases. This software enhances transparency by bringing various stages of the pension process on a single platform.
Features of ‘Bhavishya’ Software
1) The ‘Bhavishya’ software provides the facility of self-registration for retiring employees. This software automatically collects their basic data and shares it with various departments.
2) Timelines have been set for each stage of the pension process, which alerts pensioners and other stakeholders to take timely action.
3) Due to this software, complete transparency and accountability is ensured in the pension process, making it easier to identify points of delay and fix responsibility.
Benefits of ‘Bhavishya’ software
1)Accurate pension calculation: Pension calculation is done automatically across all ministries and departments, reducing errors and complaints.
2)Real-time updates: The system provides real-time updates through email and SMS alerts for every action related to pension processing.
3)Issuance of e-PPO: The ‘Bhavishya’ software is integrated with the PFMS module of CGA, making it possible to issue electronic PPOs.
4)E-PPO in DigiLocker: This software automatically sends e-PPO to the DigiLocker account of retired employees, allowing them to access it anytime and anywhere.
Functions of ‘Bhavishya’ software
1)Issuance of identity card: The ‘Bhavishya’ software also provides the facility of issuing identity cards to pensioners.
2)Bank Integration: The software is integrated with pension portals of various banks, thereby providing services like Form-16, Pension Slip, Status of Life Certificate to pensioners.
3)Impressive Results: After implementation of ‘Bhavishya’ software, 83% of Superannuation PPOs are being issued either before retirement or within 30 days. This software ensures a smooth and transparent process for pensioners.
Conclusion
The ‘Bhavishya’ software is an important step towards promoting digital empowerment and ease of living for pensioners. This software not only makes the pension settlement process simple and transparent but also makes the life of pensioners convenient.
