- Sanctioned the central payment system of Employees Pension Scheme, 1995
- Involves a landmark shift which introduces national-level centralized payment mechanism at all centre-head points across the country.
- The system will benefit over 78 lakh pensioners under EPS and also bring smooth and hassle-free delivery.
- Pension Payment Orders will not be required, the CPPS will enable pension payments across India.
- The facility will be rolled out on 1st January 2025 under EPFO’s IT modernization project Centralized IT Enabled System (CITES 2.01).
- The CPPS is expected to bring down the cost of pension disbursal.
