Pension – Contributory Pension Scheme - Maintenance of Accounts - Revised orders - Issued.

MANUSCRIPT SERIES

GOVERNMENT OF TAMIL NADU
2013 

 
FINANCE (PGC) DEPARTMENT
G.O.No.463, Dated 27th December, 2013
 
Pension – Contributory Pension Scheme - Maintenance of Accounts - Revised orders - Issued.

Read the following:-

1. G.O.Ms.No. 259, Finance (Pension) Department, dated 6th August 2013.
2. G.O.Ms.No.430, Finance (Pension) Department, dated 6th August 2004.
3. G.O.Ms.No.201, Finance (Pension) Department, dated 21st May 2009.
4. Government letter No.63734/FS/T/PGC/2013 dated 25th November 2013.
5. From the Principal Accountant General (A&E), Tamil Nadu, Chennai–18
letter No. GPF 14 / CPS / 2013-14 / 273-123597 dated 27th November 2013.
6. Government Letter No. 70357/FS/T/PGC/2013 dated 16th December 2013.
7. From the Principal Accountant General (A&E) Tamil Nadu, Chennai-18 letter
No. GPF 14 /CPS/5/2013-14 / 284-136520 dated 20th December 2013.

 ORDER:
In the Government Order first read above, a new Contributory Pension Scheme based on defined contribution has been introduced for all employees who are recruited on or after 01.04.2003. In the Government Order second read above, Government inter-alia ordered that the Accountant General will maintain the accounts for the Contributory Pension Scheme as in the case of General Provident Fund and the Index Number to the employees who join the Contributory Pension Scheme will be allotted by the Accountant General on receipt of application from the Head of Department / Heads of Offices in the prescribed form.

Pension- Contributory Pension Scheme- Employees contribution and Government contribution- Enhancement of rate of interest at the rate of 8.6% - Orders - Issued.

GOVERNMENT OF TAMIL NADU
2013

FINANCE (PGC) DEPARTMENT
G.O.No.38,  Dated: 11th February, 2013

Pension- Contributory Pension Scheme- Employees contribution and Government contribution- Enhancement of rate of interest at the rate of 8.6% - Orders - Issued.

Read the following:-

   1. G.O.Ms.No.222, Finance (Pension) Department, dated.3.6.2008.

   2. G.O.Ms.No.106, Finance (Allowances) Department, dated 30.3.2012.

   3. From the Principal Accountant General, Chennai-18 letter No.GPF-14/CPS/SO/382- 119134, dated 24.8.12 and 27.12.2012.

   4. Government letter No.49690/PGC/2012, dated 2.1.2013.

ORDER:

   In the reference first cited the rate of interest for Contributory Pension Scheme has been fixed at the rate of 8% with effect from 1.4.2003.

   2.  In the reference second cited the rate of interest for General Provident Fund and other Provident Funds including Contributory  Provident Fund has been enhanced at the rate of 8.6% with effect from 1.12.2011.

   3.  Accordingly, the Government have decided to enhance the rate of interest for Contributory Pension Scheme also and ordered that the rate of interest for Contributory Pension Scheme is fixed at the rate of 8% upto 30.11.2011 and at the rate of 8.6% with effect from 1.12.2011.

   4.  The above rate of interest will remain the same until further orders issued in this regard.

(BY ORDER OF THE GOVERNOR)

S. KRISHNAN,
Secretary to Government (Expenditure)

Source:http://www.tn.gov.in/gosdb/gorders/finance/fin_e_38_2013.pdf

Kerala to introduce contributory pension scheme for government staff.

   The employees would be required to contribute 10 per cent of their pay and dearness allowance to the pension fund. The government would also make a contribution to the fund.

   The government has issued orders approving, in principle, the proposed contributory pension plan for government employees. The plan is proposed to apply to new recruits joining service from next year.

   The employees would be required to contribute 10 per cent of their pay and dearness allowance to the pension fund. The government would also make a contribution to the fund.

   Pensions would be available to employees who contribute to the fund for a specified number of years. Payment of full pension by government would be discontinued.