Central Government Employees Group insurance Scheme-1980 - Tables of Benefits for the savings fund for the period from 01.01.2013 to 31.12.2013.

By -
No.7(2)/EV/2012 
Government of India
Ministry of Finance
Department of Expenditure
New Delhi, the 15 January, 2013
OFFICE MEMORANDUM

Sub: Central Government Employees Group insurance Scheme-1980 - Tables of Benefits for the savings fund for the period from 01.01.2013 to 31.12.2013.

The undersigned in directed to refer to this Ministry's O.M. No.7 (1)/EV/2012 dated 9th May, 2012 forwarding therewith Tables of Benefit under CGEGIS for the year 2012. New Tables of Benefits for the savings fund of the Scheme based on a subscription of Rs.10 per month from 1.1.1982 to 31.12.1989 and Rs.15 per month we.f. 1.1.1990 onwards have been prepared for the year 2013 and a copy of the table is enclosed.  Another table of Benefits for the savings fund based on a subscription of Rs.10 per month for those employees who had opted out of the revised rates of subscription w.e.f. 1.1.1990 have also been drawn up for the year 2013 and a copy of that table is also enclosed. The amounts in the Tables have been worked out on the basis of interest @10% per annum (compounded quarterly) for the period from 1.1.1982 to 31.12.1982 11% per annum (compounded quarterly) w.e.f. 1.1.1983 to 31.12.1986, 12% per annum (compounded quarterly) w.e.f. 1.1.1987 to 31.12.2000, 11% per annum (compounded quarterly) w.e.f. 1.1.2001 to 31.12.2001, 9.5% per annum (compounded quarterly) w.e.f. 1.1.2002 to 31.1.2002, 9.0% per annum (compounded quarterly) 1.1.2003 to 31.12.2003, 8% per annum (compounded quarterly) w.e.f. 1.1.2004 to 30.11.2011, 8.6% per annum (compounded quarterly) w.e.f. 1.12.2011 to 31.03.2012 and 8.8% per annum (compounded quarterly) w.e.f. 1.04.2012 onwards. The mortality rate under the Scheme has been taken as 3.75 per thousand per annum up to 31.12.1987 and 3.60 per thousand per annum thereafter in both the cases. While calculating the amount it has been assumed that the subscription has been recovered or will be recovered from the salary of the month in which a member ceases to be in service failing which it should be deducted from accumulated amounts payable.

2. In its application to the employee of Indian Audit and Accounts Department this Office Memorandum issues consultation with the Comptroller and Auditor General of India.
Sd/-
(VIJAY KUMAR SINGH )
DIRECTOR
To view/download click here: www.finmin.nic.in

Comments

Post a Comment

Popular posts from this blog

MACP on Hierarchy: Supreme Court dismissed the Govt. petitions against HC Decision

By -
Image
MINISTERIAL STAFF ASSOCIATION, SURVEY OF INDIA Dear Comrade, The Principal CAT [OA 904/2012 dt. 26-11-2012], Delhi and the Punjab & Haryana High Court [CWP No. 19387 of 2011 (O&M) Date of Decision: 19.10.2011] have held that MACP is to be granted on promotional hierarchy and not on next higher Grade Pay as per the 6th Pay Commission Recommendation.  The SLP filed by Union of India against the P&H decision was dismissed by the Supreme Court [CC 7467/2013]. Yours Comradely, Manoj Kumar Sharma Secretary General Ministerial Staff Association C/o-Northern Printing Group Survey of India Dehradun:- 248001
Read more

List of Forms - Prescribed under Receipt & Payment Rules

By -
Helpful material for Limited Departmental Competitive Examination for the post of UDC List of Forms - Prescribed under Receipt & Payment Rules. Form Name Rules Description G.A.R. 1 rule 6 (1) PAY-IN-SLIP FORM G.A.R. 2 rules 11 (4) and 80 LAST PAY CERTIFICATE G.A.R. 3 rule 13 (i) CASH BOOK G.A.R. 4 Exception (b) below rule 13 (ii) REGISTER OF CHEQUES ISSUED G.A.R. 5 Exception (c) below rule 13 (ii) and Note 3 below rule 13 ) REGISTER OF VALUABLES G.A.R. 6 rule 22 (i) RECEIPT
Read more

List of Survey of India Guest House

By -
List of Guest House of Survey of India location, Telephone/Fax No., Eligibility etc.- Place  No. of Rooms Eligibility Address for Reservation Tel/Fax No. Remarks E-Mail Bhubneshwar 4 All Deptl. employees Orissa GDC, Survey Bhawan, PO-R.R.Lab (T) '0674-2301754 & 56 (Extn 210) (F) 0674-2301418 ogdc05@yahoo.co.in dsibbsr@nic.in Chandigarh Office Bldg - 3 Gp. 'B' (Gaz.) & above Punjab, Haryana & Chandigarh GDC, Dakshin Marg, Sector - 32-A (T) '0172-2602607 Type II - 2 Gp. 'C' (F) '0172-2604671 Type I - 2 earlier Gp. 'D' gdc-soi-chd@nic.in Mussoorie, Transit Guest House  Suite - 2 (i.e. Rooms 4) Mussoorie Spatial Data Acq. Wing (UK & East UP GDC), Cas
Read more