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The Finance Ministry has hiked interest rates on General Provident Fund (GPF) to 8.8%. This comes into effect from April 1, 2012. This move will benefit millions of Central Government employees who are subscribers to this fund.
This interest rate of 8.8 per cent will apply for 2012-13 and is higher than the 8.6 per cent rate for the December 2011-March 2012 period and also the 8 per cent rate for April-November 2011 period. The revised rate is in line with the 8.6 per cent interest provided for the Public Provident Fund.
Read : EPF interest rate will be raised to 8.6% this year
The revised interest rate of 8.8 per cent is be applicable for accumulations in the GPF of defence services, the Armed Forces Personnel Provident Fund, the Defence Services Officers Provident Fund, the Indian Ordnance Department Provident Fund, the Indian Ordnance Factories Workmen's Provident Fund and the Indian Naval Dockyard Workmen's Provident Fund.
The benefit will also be available to the subscribers of Contributory Provident Fund (India), the All India Services Provident Fund and the State Railway Provident Fund.
Request to arrange for a Committee Meeting in reference to Note No. 11 in the Directorate Letter No. 9-1/2005-WSI/PE-I (Establishment Division) dated 5th Feb. 2010 and modified Order DGP&T 31-38/79-PE-I dated 22-5-1979 Proposal To Add To S.K Sinha Chairmen Postmen Issues & V.P Singh DDG (Estt)
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Proposal for cadre re-structuring - Case of Postmen, Group ‘D’/MTS Staff On 29/05/2012 Meeting
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28th May to 31st May New Delhi.
Next meeting of Cadre Restructuring Committee for Group ‘C’ employees will be held on 29.05.2012 at 11.00 AM in Shri K R Murthy Room at Dak Bhawan, New Delhi.
Sub:Recognition of Service Associations under CCS(RSA) Rules, 1993-Declaration of results of the verification process 2010 in respect of Administrative Offices Associations
3. On review of the whole issue, the competent authority has decided to grant recognition to All India Postal Administrative Office Association affiliated to FNPO as 2nd association in the category of circle Office Administrative Staff (Group. C & D) for a period of 5 years from the date of issue of this letter or till the next verification process,whichevor is earlier
(Subhash Chander)
Director SR&Legal
Thanks to Secretary General (FNPO) and all for their efforts.
New Delhi, May 18, 2012(PIB): There is a proposal for introduction of a health insurance scheme for the central government employees and pensioners on pan-India basis, with special focus on pensioners living in non-CGHS areas.
The proposal is to make this scheme voluntary cum contributory for serving employees & pensioners.
However, it is proposed to be made compulsory for the new entrants in Government service.
The salient features of the proposed Health Insurance Scheme are as under;
Optional for serving Central Government employees and pensioners including future pensioners,Compulsory for new recruits,Covers all the members of family as per CGHS norms,Sum insured – Rs. 5 lakh per year on a family floater basis,Corporate buffer of Rs 25 Crore to take care of cases exceeding Rs. 5 lakh,All pre existing diseases covered from the day one,Pre and post hospitalisation benefits available,
Domiciliary Hospitalisation benefit,Maternity benefit upto two living children,
OPD not covered however OPD consultations will be free,Payment of FMA for meeting OPD needs,Cashless treatment facility,Govt. to subsidise significantly the payment of premium, Employees / pensioners to contribute 20 to 30 percent of the premium,Identification of beneficiaries through a Smart Card.
The proposed scheme will be an alternative to the CGHS and it will provide an option to the serving employees and pensioners to choose a scheme as per his/her convenience.
The Scheme will have special focus on the pensioners living in non-CGHS areas who are getting Fixed Medical Allowance at the rate of Rs.300/- only per month to take care of their medical needs and have been demanding extension of CGHS or CS (MA) Rules to cover their OPD and Inpatient medical needs which is not feasible due to resource constraints.
The Health Insurance Scheme seems to be a viable alternative. It will have additional implications, due to coverage of pensioners living in non-CGHS areas and not covered under any Government Scheme.
The proposal for inclusion of the Health Insurance Scheme for the Central Government employees and pensioners in the 12th Plan has been moved by the Ministry for consideration of the Steering Committee on Health in the Planning Commission.
On receipt of approval of Planning Commission, the proposal would be placed before the Expenditure Finance Committee and finally before the Cabinet for approval of the scheme. No strict time frame can be given in this regard.
This information was given by the Union Minister for Health & Family Welfare Shri Ghulam Nabi Azad in reply to a Starred question in Lok Sabha on Friday, i.e. May 18, 2012.