Enhancement of CGEGIS subscription

Enhancement of CGEGIS subscription

Enhancement of CGEGIS subscription to the employees of CGDA.

Controller General of Defence Accounts has issued orders regarding the subscription has been enhanced to Group ‘B’ Sr.Auditors from Rs.30 to Rs.60 per month with effect from 1.1.2014.

Central Government Employees’ Group Insurance Scheme, 1980- Accounting Procedure-reg.

No.9(3)12012/TA/478
Ministry of Finance
Department of Expenditure
Controller General of Accounts
7th Floor, Lok Nayak Bhawan

Khan Market, New Delhi,
Dated: 17th July, 2012.

OFFICE MEMORANDUM

Subject: Central Government Employees’ Group Insurance Scheme, 1980- Accounting Procedure-reg.

Attention is invited to this Office O.M.No.S.11013/2/81/TA/2907 dated 22nd September, 1981. and followed by amendments issued vide O.Ms. dated 1.3.82, 22.9.82, 27.9.84 and 26.12.85 on the subject cited above.

2. The work assigned to this Office relating to management of CGEGIS-1980 as prescribed in the CGEGIS Accounting Procedure circulated in our O.M. dated 22.9.1981 has been transferred to Pr.A0, Ministry of Finance. Consequently, the following amendments are made to the Accounting Procedure therein so that all future requirement for the management of information relating to this scheme can be provided by the line Ministries/Departments to the O/0Pr.AO, Ministry of Finance:-

Sl. No. Details of Amendment
(i)

Paras 5 & the subpara under 5, 11 and 12

The word ‘Controller General of Accounts’ appear in the above paras may be substituted by ‘Chief Controller of Accounts, Ministry of Finance’.

(ii)

Replace the first sentence of the existing para 7 with the following:-

On the basis of the monthly accounts figures under CGEGIS, 1980 for the Central Government, made available by Controller General of Accounts, Chief Controller of Accounts, Ministry of Finance will work out each month in respect of credits, the position creditable to the Insurance Fund and the portion creditable to the Savings Fund

(iii)

Replace the existing para 10 with the following:-

‘Monthly Accounts Section of CGA’s Organization will also provide a summary of the credits and debits under the two distinct funds at the close of every month’s account. Chief Controller of Accounts, Ministry of Finance will intimate Ministry of Finance, the total amount of interest credited to each of these funds during the year as soon as the March Supplementary account of each financial year is closed.’

(iv)

Paras 2,4,7,9

Replace the numeric codes ‘811’ with ‘8011’; ‘249’ with ‘2049’; ‘858’ with ‘8658’.

Source: www.cga.nic.in
[http://www.cga.nic.in/pdf/CGEGIS_OM.pdf]

Central Government Employees Group Insurance Scheme (CGEGIS) – Revision of monthly subscription

NFIRCentral Government Employees Group Insurance Scheme (CGEGIS) – Revision of monthly subscription

National Federation of Indian Railwaymen (NFIR) demanded to increase the monthly subscription of CGEGI Scheme ten times with corresponding increase of maturity value.

Presently the amount deducted towards in this scheme from the monthly salary of different categories of Central Government employees is as under…

Group ‘C’ – Rs.30
Group ‘B’ – Rs.60
Group ‘A’ – Rs.120

The above rates were prescribed in the year 1990 and thereafter no upward revision has been made. There have been recommendations of 5th and 6th CPC since 1990 but unfortunately no upward revision has been considered by the Government in this direction till date. The federation requested to the Finance Ministry to kindly intervene the deduction of monthly subscription towards CGEGIS is raised ten times with corresponding increase of maturity value.

Revised and corrected table for CGEGIS 2012

cgegis-table-2012-issued-by-finance-ministryRevised and corrected table for CGEGIS 2012

The Finance Ministry has published an another office memorandum pertaining to the insurance scheme for Central Government employees on 9th May 2012. An earlier on 24th April, this department issued an accumulate table of benefits for the savings in the insurance scheme fund for the period of this year. The CGEGIS table 2012 has now been cancelled due to certain inadvertent error by the this Ministry.

Subsequently, the Department of Expenditure has announced that the earlier tables circulated with the earlier OM under reference may please be treated as cancelled and are hereby withdrawn. And now, the revised and corrected table has been published with a fresh office memorandum on 9th May 2012. Any payments already made on the basis of earlier tables may be revised in accordance with the revised and corrected tables and if any excess amount made to any employees, it may be recovered.

CGEGIS Table 2012 – Tables of Benefits for the savings fund for the period from 01.01.2012 to 31.12.2012 – Finmin order

No.7(1)/EV/2012
Government of India
Ministry of Finance
Department of Expenditure

New Delhi the 9th May, 2012

CORRIGENDUM

Sub: Central Government Employees Group Insurance Scheme-1980 —Tables of Benefits for the savings fund for the period from 01.01.2012 to 31.12.2012.

The undersigned is directed to refer to this Department’s Office Memorandum of even no. dated 24th April, 2012, forwarding therewith the Tables of Benefits for the savings fund of the Scheme for the year 2012 based on a subscription of Rs.10 per month from 1.1.1982 to 31.12.1989 and Rs.15 per month w.e.f. 1.1.1990 onwards and table of benefits based on a subscription of Rs.10/- p.m throughout.

2. Owing to certain inadvertent error in the above tables, the revised and corrected tables are circulated afresh. The earlier tables circulated with the 0M under reference may please be treated as cancelled and are hereby withdrawn.

3. The payments already made on the basis of earlier tables may be revised in accordance with the revised and corrected tables. Excess payment made, if any, may be recovered.

sd/-

(SIDDHARTH SHARMA)

DIRECTOR

End:- As above
To
All Ministries/Departments of the Central Government as per standard list.

Copy with spare copies for information and necessary action to C&AG,
UPSC, all State Governments etc. as per standard list.

NIC, D/o Expenditure for uploading the same on the website of M/o Finance.