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.

No.7(2)/EV/2012
Government of India
Ministry of Finance
Department of Expenditure

New Delhi, the 15th 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 is directed to refer to this Ministry’s O.M. No.7 (1)/EV/2012 dated 9th May, 2012 forwarding therewith Tables of Benefits 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 w.e.f. 1.1.1990 onwards have been prepared for the year 2013 and a copy of the table is enclosed.

State Government Employees Group Insurance Scheme, 1987 - Table of Benefits under Savings Fund for the year of cessation of membership 2011-2012.

Government of West Bengal
Finance Department
Audit Branch

No. : 10286-F(J)

Kolkata, the 14th November, 2011.

Subject: State Government Employees Group Insurance Scheme, 1987 - Table of Benefits under Savings Fund for the year of cessation of membership 2011-2012.

   In continuation of this department's Memo No. 10324-F(J), dated 01.11.2010 the undersigned is directed to say that a new table of benefits showing accumulations in the savings fund under the above mentioned scheme corresponding to a unit subscription of Rs. 10/ - (Rs. Ten) only per month has been drawn up for the period from 01.11.2011 to 31.10.2012 in matching with the table of benefits of the Central Government Employees Group Insurance Scheme, 1980 circulated under GOI's OM No. 7(1)/EV/2010, dated 31.01.2011. A copy of the said table is enclosed as ready reckoner. The figures have been worked out on the basis of interest @ 12% p.a. (compounded quarterly) for the period from 01.11.1987 to 31.10.2001, 11% p.a. (compounded quarterly) from 01.11.2001 to 31.10.2002, 9.5% p.a. (compounded quarterly) from 01.11.2002 to 31.10.2003, 9.0% p.a. (compounded quarterly) from 01.11.2003 to 31.10.2004 and 8.0% p.a. (compounded quarterly) w.e.f. 01.11.2004 onwards. The mortality rate continues to remain unchanged.

Central Government Employees Group Insurance Scheme, 1980- Accounting Procedure-reg.

No.9(3)12012/TA/478
Ministry of Finance
Department of Expenditure
Controller General of Accounts
7th Floor, Lok Nayak Bhawan

Khan Market, New Delhi, 
Dated: 17th July, 2012.

OFFICE MEMORANDUM

Subject: Central Government Employees Group Insurance Scheme, 1980- Accounting Procedure-reg.

   Attention is invited to this Office O.M.No.S.11013/2/81/TA/2907 dated 22nd September, 1981. and followed by amendments issued vide O.Ms. dated 1.3.82, 22.9.82, 27.9.84 and 26.12.85 on the subject cited above.

   2. The work assigned to this Office relating to management of CGEGIS-1980 as prescribed in the CGEGIS Accounting Procedure circulated in our O.M. dated 22.9.1981 has been transferred to Pr.A0, Ministry of Finance. Consequently, the following amendments are made to the Accounting Procedure therein so that all future requirement for the management of information relating to this scheme can be provided by the line Ministries/Departments to the O/0Pr.AO, Ministry of Finance:-

Central Government Employees Group Insurance Scheme — Upward revision of rate of monthly subscription — reg.

NFIR
National Federation of Indian Railwaymen.

No.11/43
                                       Dated: 12.06.2012

The Secretary,
Ministry of Finance,
(Department of Expenditure),
Government of India,
New Delhi.

Dear Sir,

Sub: - Central Government Employees Group Insurance Scheme — Upward revision of rate of monthly subscription — reg.

Ref: - Ministry of Finance (Department of Expenditure) OM No.7(1)EV/2008 dated 10th September, 2010.

   NFIR vide letter of even number dated l3th February, 2012 (copy enclosed) had drawn the kind attention of the Hon’ble Finance Minister to the fact that the rates of monthly subscription towards Group Insurance Scheme deducted from the monthly salaries of different categories of Central Government Employees were prescribed way back in the year 1990. Thereafter despite repeated correspondence for a long time with the Government of India to enhance the monthly deduction and upward revision of corresponding maturity value, there are no instructions from the Government. There have been recommendations of Vth & VIth Central Pay Commissions since 1990 but unfortunately no upward revision has been considered by the Government in this direction till date.

   NFIR, once again requests you to kindly see that the deduction of amount towards Employees Group Insurance Scheme is raised by 10 times with the corresponding increase of maturity value. Decision taken in the matter may be advised to the Federation.

Yours faithfully,

sd/-
(M.Raghavaiah)
General Secretary.

Source: www.nfirindia.com

Central Government Employees Group Insurance Scheme-1980 - Tables of Benefits for the savings fund for the period from 01.01.2012 to 31.12.2012.

No.7(1)/EV/2012
Government of India
Ministry of Finance
Department of Expenditure

New Delhi, the 9th May, 2012.

CORRIGENDUM

Sub:- Central Government Employees Group Insurance Scheme-1980 - Tables of Benefits for the savings fund for the period from 01.01.2012 to 31.12.2012.

   The undersigned is directed to refer to this Department’s Office Memorandum of even no. dated 24th April, 2012, forwarding therewith the Tables of Benefits for the savings fund of the Scheme for the year 2012 based on a subscription of 10 per month from 1.1.1982 to 31.12.1989 and 15 per month w.e.f. 1.1.1990 onwards and table of benefits based on a subscription of 10/- p.m throughout.

   2. Owing to certain inadvertent error in the above tables, the revised and corrected tables are circulated afresh. The earlier tables circulated with the OM under reference may please be treated as cancelled and are hereby withdrawn.

   3. The payments already made on the basis of earlier tables may be revised in accordance with the revised and corrected tables. Excess payment made, if any, may be recovered.

sd/-
(SIDDHARTH SHARMA)
DIRECTOR

Encl:- As above

Source:http://finmin.nic.in/the_ministry/dept_expenditure/notification/CGEGIS/CGEISTable10052012.pdf