GIS 1987 Table of benefits 2020-21

State Government Employees Group Insurance cum Savings Scheme (GIS) , 1987- Table of Benefits under Savings Fund for the year of cessation of Membership 2020-2021

GOVERNMENT OF WEST BENGAL
FINANCE DEPARTMENT
AUDIT BRANCH

No. 1828-F(J) NB Date : 1st June, 2020

MEMORANDUM

Subject: State Government Employees Group Insurance cum Savings Scheme, 1987- Table of Benefits under Savings Fund for the year of cessation of Membership 2020-2021

In continuation of this Department’s Memo No. 4114-F(J)WB dated 19.11.2019, the undersigned is directed to say that a new table of benefits showing accumulation of savings fund under the above mentioned scheme corresponding to a unit subscription of Rs. 10/- (Rupees Ten) only per month has been drawn up for the period from 01.05.2020 to 31.07.2020 in matching with the Central Government Employees Group Insurance Scheme, 1980 circulated under GOI’s OM No. 7(2)/EV/2016 dated 13.08.2019.

2. A copy of the said table is enclosed herewith as ready-reckoner. The figures have been worked out on the basis of the rate of interests as follows:-

GIS 1987 Table of benefits for 2020-2021
GIS 1987 Table of benefits for 2020-2021

The mortality rate continues to remain unchanged.

3. The amounts shown in the table are applicable (with the fractions) for one unit and to be rounded off after calculating the final amount payable.

4. The amounts shown in the table are applicable to a member of Group-D category, Corresponding amounts for the member of higher groups may be calculated proportionately.

5. It is assumed that subscriptions have fully been realized from salary up to the month in which a member ceases to be in service, failing which the same shall be deducted with interest from his/her entitlement.

Additional Secretary
to the Government of West Bengal

ENCLOSURE TO FINANCE DEPARTMENT MEMO No.-1828-F(J) NB Dated 1st June, 2020

TABLE OF BENEFITS SHOWING SAVINGS FUND ACCUMULATIONS UNDER THE GROUP INSURANCE CUM SAVINGS SCHEME, 1987 FOR SUBSCRIPTION @ RS. 10/- PER MONTH

YEAR OF CESSATION: 2020-21

MONTH OF CESSATION: FROM MAY, 2020 TO JULY, 2020.

GIS 1987 Table of benefits for 2020-2021 for Group D

NB: The above text is generated from the original order by using OCR technology. To confirm the authenticity and correctness of the text please download the pdf file from the below link.

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