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CGEGIS 1980: Tables of Benefits from April 2018 to June 2018

CENTRAL GOVT WORKFORCE(EMPLOYEES) NEWS June 02, 2018

CGEGIS 1980: Tables of Benefits from April 2018 to June 2018

“Central Government Employees Group Insurance Scheme-1980 – Tables of Benefits for the savings fund for the period from 01.04.2018 to 30.06.2018”

No.7(2)/EV/2016

Government of India

Ministry of Finance

Department of Expenditure

New Delhi, the 25th May, 2018

OFFICE MEMORANDUM

Sub: Central Government Employees Group Insurance Scheme-1980 – Tables of Benefits for the savings fund for the period from 01.04.2018 to 30.06.2018.

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 01.04.2018 to 30.06.2018, 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)/2018 dated 11.04.2018, 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. While these orders are in respect of Table of Benefits for the period from 01.04.2018 to 30.06.2018, the Tables already issued for the first quarter from 01.01.2018 to 31.3.2018 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

View table

Authority: https://doe.gov.in/

CGEGIS 1980: Tables of Benefits from April 2018 to June 2018

Reviewed by CENTRAL GOVT WORKFORCE(EMPLOYEES) NEWS on June 02, 2018 Rating: 5

CGEGIS Table Of Benefits From Jan To Mar 2018

CENTRAL GOVT WORKFORCE(EMPLOYEES) NEWS February 27, 2018

CGEGIS Table of Benefits from Jan to Mar 2018

Central Government Employees Group Insurance Scheme-1980-Table of Benefits for the saving 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

Office Memorandum

Sub: 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 – 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 0M 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 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 & Auditor General of India.

5. Hindi version of these orders is attached.

sd/-

(Amar Nath Singh)

Director

Authority: www.doe.gov.in/

CGEGIS Table Of Benefits From Jan To Mar 2018

Reviewed by CENTRAL GOVT WORKFORCE(EMPLOYEES) NEWS on February 27, 2018 Rating: 5

Central Government Employees Group Insurance Scheme From 01.10.2017 to 31.12.2017

CENTRAL GOVT WORKFORCE(EMPLOYEES) NEWS December 02, 2017

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/

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Central Government Employees Group Insurance Scheme From 01.10.2017 to 31.12.2017

Reviewed by CENTRAL GOVT WORKFORCE(EMPLOYEES) NEWS on December 02, 2017 Rating: 5

Cental Government Employees Group Insurance Scheme Benefit Table From July To September 2017

CENTRAL GOVT WORKFORCE(EMPLOYEES) NEWS October 26, 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

Government of India Orders – Circulars – Notifications For Central Government Employees and Pensioners
*Ministry*	Finance Ministry
*Department*	Department of Expenditure
*Subject*	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
*OM No.*	No. 7(2)/EV/2016
*Date*	06.09.2017
*Link*	ORDER COPY

Cental Government Employees Group Insurance Scheme Benefit Table From July To September 2017

Reviewed by CENTRAL GOVT WORKFORCE(EMPLOYEES) NEWS on October 26, 2017 Rating: 5

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

CENTRAL GOVT WORKFORCE(EMPLOYEES) NEWS March 19, 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