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About Computerised Employees' Pension System (CEPS).
CEPS has been developed and released for Employees' Pension Scheme 1995
(EPS) implementation. The main modules covered under CEPS are as
Preparation of Members' Profile - This module operation includes
capturing of basic information required for EPS members and their
families/dependants employed in exempted and un-exempted establishments
with proper validation checks.
Pensioners' Profile - This module captures with validation checks and
maintains details of (a) pensioner and their families (b) Transfer of
PPO from one office to other office within region / between regions and
between Bank branches (c) Updation of date of credit entry (d) Updation
of Life/Re-marriage Status (e) Entry of date of death (f) Entry of date
Calculation of Pension and Preparation of Pension Payment Order (PPO)-
The module processes pension calculation for (i) Superannuation (ii)
Retirement (iii) Short Service (iv) disabled (v) widow/orphan for death
in service and death away from service (vi) nominee (vii) scheme
cerificate and (viii) withdrawal benefit. The PPO, Scheme Certificate
and withdrawal benefit reports are also being generated under this
Maintenance of individual pension fund contribution - CAMPS95 ver 1.0 &
1.0.1 have been enhanced and integrated with CEPS ver 2.0. The
individual pension fund contributions and non contributory period are
captured, consolidated and maintained for all the covered establishments
whereas the EPF contribution accumulations are maintained only for un
exempted establishments under this module.
Reconciliation of Bank Accounts in respect of Pensions disbursement –
This module processes for (a) first time arrears to be released for new
PPO prepared after the date of commencement of pension (b) relief
arrears as relief details (c) stopping pension for pensioners opted for
capital return option-3 (d) widow and children pension on death of
pensioner, relief arrears due to inheritance relief if any and in case
of death information received late, excess amount paid to the pensioner
and arrears for widow pension and children pension (e) for pensioner
having capital return option 1 & 3 amount of capital return and pension
to the nominee for capital return option-3 (f) on death/ remarriage of
spouse (i) conversion of Children pension to orphan Pension in case
death information is received late excess amount towards spouse, arrears
due to conversion of children pension to orphan pension and relief
arrears due to inheritance relief if any (g) for pensioner having
capital return option-2 amount of capital return (h) on death of
children and on completion of 25 years of age picking up of next child
pension (i) for transferred PPOs, arrears for gap due to transfer (j)
stopping of pension on every year from the month of January if
life/remarriage certificate not submitted (k) on submission of
life/remarriage certificate, pension and arrears for stopped period (l)
pension relief for next relief.
The module also generates Reports with Screen display option for (a)
Defaulting Pensioners statement for non submitting Life/Re-marriage
status (b) Letter for Stopping Pension for non submission of
Life/Re-marriage status cases (c) Bank Branch wise monthly statement for
credit to pension a/c with date (d) Monthly statement for non-credits in
pension a/c (e) PPO wise monthly statement with date of credit for the
office (f) Statement for defaulting Bank Branches (not submitting
pension credit details).
(vi) Management Information System (MIS) with reference to data on
member and their family and Pension - This module generates MIS reports
(a) Claims settled/payments made for (i) Receipt and disposal of pension
claims (ii) pension cases settled (iii) Pension payments (iv) Return of
capital/commutation payments (v) Summary of pension cases particulars
(vi) Summary of Return of capital/commutation payments.
(b) Employee member database creation for (i) Progress in database
creation during a year (ii) Monthly Progress in database creation
(Addition & Collection) (iii) Monthly Progress in database creation
(Forwarded to EDP & Data entry) (iv) Member family details record
management (v) Age-wise profile of Members.
Monthly Printouts of Control/ Audit Input – The actuarial requirement
for EPS have been discussed in depth with the Actuary and EPFO pension
wing and documented in agreed specifications. It needed exhaustive
enhancement and modification of CEPS ver. 1.0.2 / 1.0.3, CAMPS95 ver.
1.0 / 1.0.1 and CRAS ver 2.0. besides total integration. The major
activities for completing acturial requirement included the following:
Stock Data Check by (i) Segregation of Valid & Invalid Records based on
embedded checks (ii) Checking of Member data by re-punching.
Salary Check by (i) checking for salary as provided by the employer
against any unreasonable increase in salary by comparison of salaries of
current year & previous two years for each member (ii) finding out
period for which gap in monthly wages occurs.
Reconciliation for exit and new entrants.
Commutation of pension as specified under para 12A of EPS 95 for (a)
existing pensioners on or after 16/11/1998 and (b) new pensioners in on
Maintenance of Scheme Certificate for (a) issuing (b) receiving and (c)
Automatic calculation of actual service, eligible service, pensionable
service, pensionable salary by linking of received scheme certificate
details, wages received under CAMPS95.
Withdrawal Benefit as per para of EPS 95.
Importing of member’s data received from vendors with MIS updation