Welcome to the official blog of AIPSA. This blog is meant for use by members of All India Postal Stenographers' Association for news and views. Send comments/suggestions/views to e-mail: email@example.com
Monday, March 05, 2018
Central Government Employees Group Insurance Scheme-1980 – Tables of Benefits for the savings fund for the period from 01.01.2018 to 31.03.2018
No.7(2)/EV/2016 Government of India Ministry of Finance Department of Expenditure
New Delhi, the 27th February 2018
Government Employees Group Insurance Scheme-1980 – Tables of Benefits
for the savings fund for the period from 01.01.2018 to 31.03.2018 – reg.
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 01.01.2018 to 31.03.2018, as worked out by IRDA based on
the interest rate of 7.6% per annum (compounded quarterly) as notified
by the Department of Economic Affairs as per their Resolution
No.5(1)-B(PD)/2017 dated 01.01.2018, 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. These orders are in respect of Table of Benefits for the period from 01.01.2018 to 31.03.2018.
4. In their application to the employees of Indian Audit and
Accounts Department, these orders are issued after consultation with the
Comptroller 86 Auditor General of India.
5. Hindi version of these orders is attached.
S/d, (Amar Nath Singh) Director
To 1. All Ministries/ Department of the Central Government as per standard list. 2. Copy with spare copies for information and necessary action to C86AG, UPSC, all State Government etc. as per standard list. 3. NIC, Department of Expenditure – for uploading the same on the website of Ministry of Finance, Department of Expenditure.