Railway Employees Insurance Scheme: RBE No.104/1986 – Contributions

No.PC-III/86/CGEIS/1, dated 17.07.1986

Sub: Refund of contributions made under the Railway Employees Insurance Scheme, 1977.

1.     Please refer to the Ministry of Finance (Department of Expenditure) Office Memorandum No.F.15(3)/78-WIP, dated 29.12.1981 circulated under Department of Railway’s letter No.PC-III/80/GIS/1, dated 04.01.1982, wherein it was clarified that the amount creditable to the General Provident Fund account of the members of the Central Government Employees Insurance Scheme (Railway Employees Insurance Scheme) on their coming over to the Central Government Employees Group Insurance Scheme, 1980 w.e.f. 01.01.1982, would be the discounted value as indicated in the Annexure to Railway Ministry’s letter number PC-III/76/INS, dated 17.08.1978.

2.     The Staff Side in the National Council of J.C.M. have made a demand that instead of crediting the discounted value to the G.P.F. account of those employees who opted to switch over to the C.G.E.G.I.S., 1980, the entire amount deducted towards subscription under the Central Government Employees Insurance Scheme, 1977 (Railway Employees Insurance Scheme) should be refunded to such employees.

3.     After due consideration of the matter it has now been decided that instead of crediting the discounted value to the S.R.P.F. account, the amount actually subscribed by an employee towards the Railway Employees Insurance Scheme, 1977 would be paid back in cash.

To implement this decision, the following procedure would be followed:-

(i)    If the discounted value has not so far been credited to the S.R.P.F. account, the amount due to the individual (i.e., the amount actually subscribed by him) would be paid to him without passing it through the S.R.P.F. account. The payment will be debited to the head of account “288 Social Security and Welfare – E. Other Social Security and Welfare Programmes – Government Employees Insurance Scheme – Central Government Employees Insurance Scheme.”

(ii)    If the discounted value has been credited to the S.R.P.F. account, that account would be debited to the extent of the discounted value, and paid to the individual. In addition, the difference between the amount so paid and the total amount due to him will be paid to the employees and debited to the head of account mentioned in (i) above.

(iii)   The interest due on the discounted value in terms of Ministry of Finance O.M. No.F.2(2)/84-WIP, dated 23.06.1984 forwarded vide Railway Board’s letter No.PCIII/82/GIS/1, dated 28.08.1984 will continue to be retained in the S R.P.F. account in respect of cases of type (ii) above. In respect of cases of type (i) above the interest due will be credited to S.R.P.F. account of the employee by debit to “288 Social Security and Welfare – E. Other Social Security and Welfare Programmes – Government Employees Insurance Scheme -Central Government Employees Insurance Scheme.”

4.     The debits in the S.R.P.F. account on account of the above would not be taken into account for the purpose of admissibility of incentive bonus allowed for non-withdrawal from S.R.P.F. account.

5.     In cases where the payments have already been made due to death/ retirement, etc., cases would be reopened and regulated in accordance with the above instructions if the employee or his survivors apply for the revision. Cases where settlement has not already taken place will be regulated as indicated above.

6.     Action may be taken to arrange for refunds expeditiously.

Download Railway Board Circular RBE No.104/1986 

Forward reference ⇒ RBE No.

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