CGWNEWS - CGEGIS Benefit Table From Oct To Dec 2018

CGWNEWS - CGEGIS Benefit Table From Oct To Dec 2018

CGEGIS - July To September 2018 Benefit Table

CGEGIS - July To September 2018 Benefit Table

CGEGIS - Table Of Benefits For The Saving Fund For The Period From 1st October To 31st December

Central Government Employees Group Insurance Scheme-1980-Table of Benefits for the saving fund for the period from 01.10.2017 to 31.12.2017

No.7(2)/EV/2016

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)

Director

Authority: http://www.doe.gov.in/

 View The tables

CGEGIS Tables of Benefits for Savings Fund (Period from 01.07.2017 to 30.09.2017)

CGEGIS Tables of Benefits for Savings Fund (Period from 01.07.2017 to 30.09.2017)

Central Government Employees Group Insurance Scheme-1980 -Tables of Benefits for the savings fund for the period from 01.07.2017 to 30.09.2017

No.7(2)/EV/2016

Government of India

Ministry of Finance

Department of Expenditure

New Delhi, the September 6, 2017

Office Memorandum

Sub: Central Government Employees Group Insurance Scheme-1980 -Tables of Benefits for the savings fund for the period from 01.07.2017 to 30.09.2017.

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 1.1.2017 onwards, as brought out in this Ministry’s OM of even number dated 17.3.2017, for the quarter from 1.7.2017 to 30.9.2017, 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 17.7.2017, 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 1.7.2017 to 30.9.2017, the Tables already issued for the quarters from 1.1.2017 to 31.3.2017 and from 1.4.2017 to 30.6.2017 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 8s Auditor General of India.

5. Hindi version of these orders is attached.

sd/-

(Amar Nath Singh)

Director

CENTRAL GOVERNMENT EMPLOYEES GROUP INSURANCE SCHEME 1980

savings Fund: 68.75% from 1.1.82 to 31.12.87

70% from 1.1.88 and onwards

Insurance Fund: 31.25% from 1.1.82 to 31.12.87

30% from 1.1.88 and onwards

CENTRAL GOVERNMENT EMPLOYEES GROUP INSURANCE SCHEME 1980

Contribution @ Rs.10/- throughout

Accoumulated value of contribution from 1st January of year of Entry to the month and year of cessation year of cessation of membership -2017 month of cessation of membership

savings Fund: 68.75% from 1.1.82 to 31.12.87

70% from 1.1.88 and onwards

Insurance Fund: 31.25% from 1.1.82 to 31.12.87

30% from 1.1.88 and onwards

Authority: http://www.doe.gov.in/

CGEGIS Table 2017 – Benefits for the period from 1.1.2017 to 31.3.2017

CGEGIS Table for the period from 1.1.2017 to 31.3.2017

Central Government Employees Group Insurance Scheme-1980 – Tables of Benefits for the savings fund for the period from 01.01.2017 to 31.03.2017.

No.7(2)/EV/2016

Government of India

Ministry of Finance

Department of Expenditure

New Delhi, Dated the 17th March, 2017

OFFICE MEMORANDUM

Sub: Central Government Employees Group Insurance Scheme-1980 – Tables of Benefits for the savings fund for the period from 01.01.2017 to 31.03.2017.

Every year two Table of Benefits are issued by the Ministry of Finance on calendar year basis for the savings fund to the beneficiaries under Central Government Employees Group Insurance Scheme (CGEGIS)-1980. While one Table of Benefits for the savings fund of the scheme is based on a subscription of Rs.10 per month per unit from 1.1.1982 to 31.12.1989 and Rs.15 per month per unit w.e.f. 1.1.1990 onwards, the other Table of Benefits for the savings fund is based on a subscription of Rs.10 per month in respect of the employess who had opted out of the revised rates of subscription w.e.f. 1.1.1990.

2. The Table of Benefits under CGEGIS-80 are prepared by IRDA based on the rate of interest notified by DEA for samll savings including GPF. Earlier, DEA used to notify the interest rate on financial year basis. However, DEA has now shifted to notifying the interest rate on quarterly basis. In view of this, it has been decided that the Table of benefits will be issued on quarterly basis commencing from 1.1.2017 to 31.3.2017.

3. The two tables under CGEGIS-80 for the first quarter of the year 2017 i.e, 01.01.2017 to 31.03.2017, prepared by IRDA, are enclosed. The benefits in the Tables have been worked out on the basis of interest @ 8% per annum (compounded quarterly), as notified by Department of Economic Affairs.

4. 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.

5. In its application to the employees of Indian Audit and Accounts Department this Office Memorandum issues in consultation with the Comptroller and Auditor General of India.

sd/-

(Amar Nath Singh)

Director

CGEGIS - TABLE -1

CGEGIS- TABLE-2

Authority: www.finmin.nic.in

Simplification of procedure for payment of CGEGIS dues – Finmin Orders

Simplification of procedure for payment of CGEGIS) dues – Finmin Orders

No.7(1)/EV/2016

Government of India

Ministry of Finance

Department of Expenditure

New Delhi, Dated the 17th March, 2017

OFFICE MEMORANDUM

Sub: Simplification of procedure for payment of Central Government Employees  Group Insurance Scheme (CGEGIS) dues – regarding

It has been brought to the notice of this Department that in a number of cases delay occurs in payment of Ccntral Government Employees Group Insurance Scheme (CGEGIS) dues, owing to missing entries, despite the fact that a provision has made for making entries of subscription for CGEGIS, recovered from pay & allowances every year in Part- VII-C of the service book.

2. In terms of para 8.1 Of the Central Government Employees Group Insurance Scheme, 1980, as contained in this O.M. No. F.7(5)-EV/89 dated 15th May, 1989, which relates to Savings Fund of the Scheme, the total accumulation of savings together with interest thereon will be payable to the member on retirement or on cessation of his employment with the Central Government or to his family on his death while in service. The total accumulation under Savings Fund is provided for in terms of the applicable Table of Benefits pertaining to a particular year as prescribed under the relevant Orders issued by this Ministry from time to time.

3. The issue has been considered in consultation with Department of Pension & Pensioners’ Welfare and Controller General of Accounts. It has been decided that in order to ease the process of payment of Savings Fund on account of CGEGIS at the time of retirement Of a Central Government employee, in all cases where the service of the retiring Central Government employee has been verified, payment of the accumulation under Savings Fund of CGEGIS be made without awaiting confirmation of deduction of each monthly subscription of CGEGIS, as service verification is carried out based on the monthly salary payment and the CGEGIS subscriptions are mandatory deductions from these payments.

4. All Ministries/ Departments are accordingly advised to ensure compliance of above instructions so that the dues of CGEGIS in respect Of Government servants retiring on attaining the age of superannuation are discharged with due promptness. Further, it may be ensured that Ministries/ Departments send their budget requirements for payments under CGEGIS to CCA (Finance) well in advance, preferably, at the time of RE/ BE so that the budget under this head is made on a realistic basis.

sd/-

(Amar Nath Singh)

Director

Authority: www.finmin.nic.in

Annual Report for the year 2017- CG Employees Group Insurance Scheme 1980

Central Government Employees Group Insurance Scheme 1980: Annual Report for the year 2017.

OFFICE OF CONTROLLER GENERAL OF DEFENCE ACCOUNTS,

BATAR ROAD, PALAM, DELHI CANTT-110010

No.A/III/14500/CGEGIS/REP/2017

Dated: 24.01.2017

To,

PCsDA/CsDA
including AO, DAD, ZO (DPD)
& AN-IV Local.

(Through CGDA website)

Sub:- Central Government Employees Group Insurance Scheme 1980: Annual Report for the year 2017.

An report the above subject has prescribed by the Chief Controller of Accounts, Mistry of Finance, Depamnent of Economic Affairs which is to be rendered to them by 1st March each year. It is requested that Annual Repon on the CGEGIS-1980 in respect of DAD personnel and Non-DAD personnel (Defence Civilians) may kindly be forwarded separately to this HQrs by 17th February, 2017 positively the prescribed format (Annexure ‘D’ copy enclosed). While forwarding the report, it may please be ensured that the number of CGEGIS subscribers for the year 2016 shown in the last report must be correctly reflected in the Part-I of the report.

It has been noticed previous year, the report is generally not forwarded to this HQrs by the prescribed time. This often delays rendition of consolidated report to Ministry. Therefore, it is requested thal timely submission of repon may please be ensured.

3. This issues with the approval of Jt. CGDA (A&B).

sd/-

Sr.Accounts Officer (A/Cs)

Authority: http://cgda.nic.in/