The Finance Ministry has simplified norms to speed up payment of
Savings Fund on account of CGEGIS for retiring central government
employees.
In number of cases delay occurs in payment of Central Government
Employees Group Insurance Scheme (CGEGIS) dues owing to missing entries.
The issue was considered in consultation with Department of Pension
and Pensioners' Welfare and Controller General of Accounts, the ministry
said in a circular.
"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...payment
of accumulation under the Savings Fund of CGEGIS be made without
awaiting confirmation of deduction of each monthly subscription of
CGEGIS...," it said.
The norm has been tweaked as service verification of the employee is
carried out based on the monthly salary payment, and the CGEGIS
subscriptions are mandatory deductions from these payments.
All ministries and departments have been asked to ensure compliance
of the new instructions so that the dues of CGEGIS of government
servants retiring on attaining the age of superannuation are "discharged
with due promptness".
There are about 48.85 lakh central government employees.
Earlier this month, the Union Cabinet had approved release of an
additional instalment of dearness allowance to central government
employees and dearness relief to pensioner with effect from January 1,
2017.
The DA/DR has been increased by 2 per cent over the existing rate of
2 per cent of the basic pay/pension to compensate for price rise and it
is in accordance with the accepted formula based on the recommendation
of 7th pay commission.
Source : http://www.dnaindia.com
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