The System for Accounting and Management of Pension (SAMPANN) has recently been on the news spotlight for its remarkable achievement in pension distribution. The project has successfully enabled over one lakh pensioners to receive their pensions directly into their bank accounts.
Understanding SAMPANN Project
Launched in 2018, SAMPANN is a seamless online pension processing and payment system primarily designed for Department of Telecommunications pensioners. This ambitious initiative was orchestrated and implemented by the Ministry of Communications with an aim to enhance efficiency and convenience in pensions payment. One of the major breakthroughs of this project includes the quicker settlement of pension cases which ultimately promotes a smoother reconciliation and auditing process. Furthermore, it significantly helps in simplifying accounting tasks for the department.
Accomplishments of SAMPANN
The SAMPANN project has not only improved the pension payment process but also managed to resolve nearly 76,000 BSNL Voluntary Retirement Scheme 2019 cases within a short duration of six months. The design of this online system is flexible, making it capable of accommodating rapidly evolving demands and expanding its scope of operations in future.
Benefits of the Online Pension Processing System
The primary benefit of SAMPANN is that it enables direct credit of pensions into the bank accounts of the pensioners. This eliminates the inconveniences associated with physical collection of pensions thus ensuring a hassle-free experience for the pensioners.
Another beneficial element is the provision of e-Pension payment orders which greatly simplifies the payment procedure. Additionally, the SAMPANN system ensures timely settlement of all pension cases making it a reliable tool for all those who rely on pension funds.
Access to Key Information for Pensioners
Every pensioner under the SAMPANN project is granted access to crucial information such as their payment history. This is facilitated through a login option that is unique for each pensioner. The availability of this information fosters transparency and aids the pensioners in keeping track of their pension payment details.
Other Noteworthy Features
Besides simplifying the pension disbursement process, SAMPANN facilitates online submission of grievances by the pensioners and ensures they receive timely SMS alerts regarding pension disbursement. The integration of these features in this online system significantly contributes to enhancing the overall user experience of the pensioners.
The SAMPANN project has undoubtedly revolutionised the system of pension management and distribution. Its success demonstrates how effective use of technology can streamline processes and make life easier for citizens.
Source: PIB