No.7(2)/EV/2016
Government of India
Ministry of Finance
Department of Expenditure
Government of India
Ministry of Finance
Department of Expenditure
New Delhi, the 23 November, 2017
OFFICE MEMORANDUM
Sub: Central
Government Employees Group Insurance Scheme-1980 – Tables of Benefits for the
savings fund for the period from 01.10.2017 to 31.12.2017.
The
Tables of Benefits for Savings Fund to the beneficiaries under the Central
Government Employees Group Insurance Scheme-1980, which are being issued on a
quarterly basis from 01.01.2017 onwards, as brought out in this Ministry’s OM
of even number dated 17.03.2017, for the quarter from 01.10.2017 to 31.12.2017,
as worked out by IRDA based on the interest rate of 7.8% per annum (compounded
quarterly) as notified by the Department of Economic Affairs as per their
Resolution No. 5(1)-B(PD)/2017 dated 23.10.2017, are enclosed.
2.The
Tables enclosed are of two categories as per the existing practice. As
hitherto, the first Table of Benefits for the savings fund of the scheme is
based on the subscription of Rs.10 p.m. from 1.1.1982 to 31.12.1989 and Rs.15
p.m. w.e.f. 1.1.1990 onwards. The second Table of Benefits for savings fund is
based on a subscription of Rs.10 p.m. for those employees who had opted out of
the revised rate of subscription w.e.f. 1.1.1990.
3.While
these orders are in respect of Table of Benefits for the period from 01.10.2017
to 31.12.2017, the Tables already issued for the quarters from 1.1.2017 to
31.3.2017, from 1.4.2017 to 30.6.2017 and from 01.07.2017 to 30.09.2017 are
also reproduced for the sake of convenience and consolidation.
4.In
their application to the employees of Indian Audit and Accounts Department,
these orders are issued after consultation with the Comptroller & Auditor
General of India.
5.Hindi
version of these orders is attached.
sd/-
(Amar Nath Singh)
(Amar Nath Singh)
Director
Authority:
http://www.doe.gov.in/
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