CGEGIS Table 01 April 2020 to 30 June 2020: Two Tables of Benefits
for the savings fund issued by DoE vide OM dated 20.05.2020
No.7(2)/EV/2016
Government of India
Ministry of Finance
Department of Expenditure
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Government of India
Ministry of Finance
Department of Expenditure
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New Delhi, the 20th May, 2020
OFFICE MEMORANDUM
Sub: Central Government Employees Group
Insurance Scheme-1980 – Tables of Benefits for the savings fund for the period
from 01.04.2020 to 30.06.2020.
The Tables of Benefits for Savings Fund to the beneficiaries under the
Central Government Employees Group Insurance Scheme (CGEGIS-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
01.04.2020 to 30.06.2020, as worked out by the Insurance Regulatory &
Development Authority (IRDA) based on the interest rate of 7.1% per annum
(compounded quarterly) as notified by the Department of Economic Affairs as per
their Resolution No.5(2)-B(PD)/ 2020, dated 07.04.2020, 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 01.01.1982 to 31.12.1989
and Rs.15 p.m. w.e.f. 01.01.1990 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. 01.01.1990.
3. While these orders are in respect of Table of Benefits for the period
from 01.04.2020 to 30.06.2020, the Table already issued for the first quarter
i.e from 01.01.2020 to 31.03.2020 are also reproduced for the sake of
convenience and consolidation.
4. In their application to the employees of the Indian Audit &
Accounts Department, these orders are issues after consultation with the
Comptroller & Auditor General of India, as mandated under Article 148(5) of
the Constitution.
5. Hindi version of the order is attached.
Sd/-
(Amar Nath Singh)
Director
(Amar Nath Singh)
Director
The first Table of Benefits for the savings fund of the scheme is based
on the subscription of Rs.10 p.m. from 01.01.1982 to 31.12.1989 and Rs.15 p.m.
w.e.f. 01.01.1990 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. 01.01.1990.
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