BHAVISHYA

• 20 Aug 2024

Source: PIB

Recently, to address delays, clerical errors, and financial loss in pension processing, the DOPPW (Department of Pension & Pensioners' Welfare) introduced 'Bhavishya,' a centralized pension processing software for all central government Ministries/Departments.

• "Bhavishya" became mandatory for all central ministries and at present 99 ministries/departments are on board.
  • It ranked 3^rd in NeSDA(National e-Governance Service Delivery Assessment), 2021.
• Best Practices of Bhavishya:
  • Automatic registration of retirees with pre-filled data, self-registration for stakeholders, and auto-calculation of retirement benefits.
  • Enforces strict timelines for pension processing, ensuring transparency, accountability, and easy identification of delays.
  • Provides real-time updates via email/SMS; integrated with PFMS (Public Financial Management System) for electronic PPOs, making the process paperless.
  • Integrated with banks for post-retirement services; ePPOs (Pension Payment Orders) are stored in Digilocker for easy access.
  • Issue of Pensioners' Identity cards through Bhavishya.

Read More: Integration of e-PPO with Digi Locker, Old Pension Scheme, National Pension System and Atal Pension Yojana, System for Pension Administration Raksha (SPARSH)