RBE No.112/2020: CGEGIS – Tables of Benefits
No.PC-III/2000/GIS/2, dated 14.12.2020
Sub: Central Government Employees Group Insurance Scheme, 1980 – Tables of Benefits for the Savings Fund for the period from 01.10.2020 to 31.12.2020.
The Table of Benefits under CGEGIS-1980 for the period 01.07.2020 to 30.09.2020 issued by Ministry of Finance vide their OM dated 19.08.2020 was circulated to Zonal Railways/ Production Units etc. vide Board’s letter of even number dated 07.09.2020 (RBE No.77/2020).
In continuation of Board’s letter ibid, a copy of Ministry of Finance’s OM No.7(2)/EV/2016, dated 27.11.2020 circulating Tables of Benefits for the period from 01.10.2020 to 31.12.2020 is enclosed herewith for information and necessary action please.
Government of India
Ministry of Finance
Department of Expenditure
OM No.7(2)/EV/2016, dated 27th November, 2020
OFFICE MEMORANDUM
Sub: Central Government Employees Group Insurance Scheme, 1980 – Tables of Benefits for the savings fund for the period from 01.10.2020 to 31.12.2020.
1. 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 form 01.01.2017 onwards, as brought out in this Ministry’s OM of even number dated 17.03.2017, for the quarter from 01.10.2020 to 31.12.2020, as worked out by 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 27.10.2020, 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 rates of subscription w.e.f. 01.01.1990.
3. While these orders are in respect of Table of Benefits for the period from 01.10.2020 to 31.12.2020, the Tables already issued for the first quarter i.e. from 01.01.2020 to 31.03.2020, second quarter i.e. from 01.04.2020 to 30.06.2020 and 3rd quarter i.e. 01.07.2020 to 30.09.2020 are also reproduced for the sake of convenience and consolidation.
4. In their application to the employees belonging to Indian Audit and Accounts Department, these orders are issued under Article 148(5) of the Constitution and after consultation with the Comptroller and Auditor General of India.
5. Hindi version of these orders is attached.
Download Railway Board Circular RBE No. 112/2020
Forward reference ⇒ RBE No.21/2021