One of the important functions of offices under the Controller General of Accounts (CGA) office is to maintain the accounts and payment of provident fund along with regular payment of salary and allowance of the government employees. Payment of gratuity and pension on time is also an important responsibility of the account offices. Based on this, they pay the salary and other allowances through EFT or by other means. Salary and allowance of current employees are currently paid on time through electronic fund transfer (EFT).
But the theme of “Digital Bangladesh” will be questioned if the present regular and reinstated pensioners are forced to go to the banks to withdraw their pension benefits. So, keeping this in mind, Office of the Chief Accounts and Finance Officer, Pension and Fund Management (OCAFO P&FM) has been created on 13th August, 2018 under the administrative control of CGA which was ordered by the Finance Division, Ministry of Finance in an office order.
The purpose of this office is to transfer the pensioners’ pension electronically to his or her designated bank account, better management and maintenance of GPF accounts and other public funds in near future. Since the inception, OCAFO P&FM is paying the pension and other related allowances directly to the pensioners’ bank account through EFT. Besides this, for making the fund management system more efficient and simpler, this office has been helping the government by transforming the financial management system into a modern, automated, IT based and pro-people.
Achieving excellence in service delivery to civil pensioners and robust fund information management system.
- To Centralize pension payment system.
- To Centralize fund information management system.
- To provide reliable information to stakeholders.
- To reduce Pensioners’ cost to get pension.
- To improve service delivery.
Serving for accurate & timely payment to pensioners and developing electronic information management systems that are capable of tracking & communicating fund information to stakeholders.