TS GIS Revised table GO No 2 Date.04-01.2019 Period from 01.04.2018 to 31.12.2018

*TS GIS Revised table Benefits GOMs No. 2  Date.04-01.2019  Period from 01.04.2018 to 31.12.2018
*TELANGANA GIS FINAL PAYMENT SOFTWARE FROM 01.04.2018 to 31.03.2019

GOVERNMENT OF TELANGANA

ABSTRACT

Public Services- Employees Welfare Scheme - Telangana State Government Employees Group Insurance Scheme-1984- Communication of Table of Benefits for Saving Fund for the period from 01.04.2018 to 31.12.2018 - Revised Table – Orders - Issued.
FINANCE (ADMN-I) DEPARTMENT



G.O.Ms.No. 2                                                     Dated: 04-01-2019
                                                                              Read the followings:



1.      G.O.Ms.No.293, Finance &Planning (FW.Accts.II) Deptt., dt: 08.10.1984.

2.      G.O.Ms.No.312, Finance &Planning (FW.Admn.II) Deptt.,dt: 06.11.1984.
3.      G.O.Ms.No.367, Finance &Planning (FW.Admn.II) Deptt.,dt: 15.11.1994.
4.      G.O.Ms.No.381, Finance &Planning (FW.Admn.II) Deptt.,dt: 05.12.1994.
5.      G.O.Ms.No.382, Finance &Planning (FW.Admn.II) Deptt.,dt: 05.12.1994.
6.      G.O.Ms.No.54, Finance &Planning (FW.Admn.II) Deptt.,dt: 06.04.2011.
7.      G.O.Rt.No.2425, Finance (Pen.II) Deptt.,dt: 06.04.2011.
8.      G.O.Ms.No.148, Finance (Admn.II) Deptt.,dt: 10.05.2012.
9.      G.O.Rt.No.2735, Finance (Pen-II) Deptt., dt: 16.06.2012.
10. Government of India Office MemorandumNo. 7(2)EV/2012 Ministry of Finance Department of Expenditure, dt:15.01.2013.

11. Dy.Accountant General (Funds) O/ o the Principal Accountant General (A&E), AP & T.S., Hyderabad FM/GUI/9-3/2013-14/109, dated.25.04.2013.

12. G.O.Rt.No.2142, Finance (Pen-II) Department, dated.30.04.2013. '
13. G.O.Ms.No.126, Finance (Admn.II) Department dated.29.05.2013.
14. G.O.Ms.No.90, Finance (Admn.II) Department, dated.01.05.2014.
15. G.O.Ms.No.112, Finance (Admn.I) Department, dated.22.08.2015.
16. G.O.Ms.No.179, Finance (Admn.I) Department, dated.17.10.2016.
17. G.O.Ms.No.5, Finance (Admn.I) Department, dated.30.01.2018
18. G.O.Rt.No.934, Finance (HRM-V) Deptt., dated.09.05.2018
19. Director of Insurance, Telangana, Hyderabad Letter No.2/GIS-1/2018-2019, dated.24.10.2018.

20. G.O.Rt.No.171, Finance (HRM.V) Department, dated.18.12.2018
21. GOI, Resolution No.F.No.5(1)-B (PD)/2018, Ministry of Finance, Department of Economic Affairs (Budget Division), dated.17.07.2018 and 04.10.2018
22. Letter No.F.M-TS/GL.II/2018-19/421, dated.23.10.2018 of AG (A&E), Telangana

*****

O R D E R

In the reference 19th read above, the Director of Insurance (FAC), Telangana, Hyderabad has stated that the Government of India have issued tables of benefits for the Saving Funds under Central Government employees Group Insurance Scheme for the period from 01.04.2018 to 30.09.2018 @ 7.6% and also based on the Government of India instructions issued vide reference 21st and 22 nd read above, from 1.10.2018 to 31.12.2018 @ 8%, respectively, per annum compounded quarterly and requested to issue necessary orders in the matter.

2.                  Government, after careful examination of the proposal of the Director of Insurance (FAC), Telangana, Hyderabad, hereby order that, in supersession of the Orders issued in the reference 17th read above, the Revised Rates of Interest on the Telangana Group Insurance Saving Funds shall be allowed @7.6% per Annum from

1.     04.2018 to 30.09.2018 and @ 8% per annum from 1.10.2018 to 31.12.2018.

(PTO)


::2::

3.                  The Director of Insurance (FAC), Telangana, Hyderabad shall issue the revised Tables for the period covering from 01.04.2018 to 31.12.2018 and take necessary further action in the matter accordingly.

(BY ORDER AND IN THE NAME OF THE GOVERNOR OF TELANGANA)

K. RAMAKRISHNA RAO

PRINCIPAL SECRETARY TO GOVERNMENT

To

The Principal Accountant General (Audit-I), Telangana, Hyderabad The Principal Accountant General (Audit-II), Telangana, Hyderabad The Accountant General (A&E), Telangana, Hyderabad.

The Director of Insurance (FAC), Telangana, Hyderabad The Pay and Accounts Officer(I/c), Telangana, Hyderabad

The Director of Treasuries and Accounts, Telangana, Hyderabad The Director of State Audit (I/c), Telangana, Hyderabad The Director of Works Accounts, Telangana, Hyderabad

The Principal Secretary to Governor of Telangana, Hyderabad
The Principal Secretary / Secretary to the Chief Minister and Private Secretaries to all Ministers.

All Special Chief Secretaries /Principal Secretaries / Secretaries to Government with a request to communicate to all concerned. All the Departments of Secretariat

All the Heads of Departments including Collectors and District Judges, Superintendent of Police and District Judges.

The Register, High Court, Andhra Pradesh and Telangana.

The Register, Telangana State Public Service Commission, Hyderabad. The Chairman, Tribunal for Disciplinary Proceedings, Hyderabad All the Joint Director of Works Projects.

All the District Treasury Officers / All Sub Treasury Officers.
All the Chief Executive Officers of all Zilla Parishads.
All the District Educational Officers
All the District Panchayat Officers.
All the Mandal Development Officers.
All the Mandal Educational Officers.
All the Commissioner / Special Officers of the Municipalities / Corporations.
The Registrar, all Universities, Telangana.
All Recognized Service Associations.
The Finance (HRM-V Pension) Department.
SF/SCs.

//FORWARDED BY:: ORDER//


SECTION OFFICER


Annexure - I

ILLUSTRATIONS:

I. GIS benefit payable to the employees on cessation from service

Date of entry into services 11/1984

Exit from service Aug 2018.

Employee retires in Aug.
Calculation of total benefits under GIS
2018 service particulars
saving

From
11/1984
to
One unit from 11/1984 upto
22,392.00
10/1989 Rs.10 per month
8/2018 = 1 x 22,392

( one unit)




From
11/1989
to
One extra unit from 11/1989
14,694.00
10/1994 Rs.20 per month
up to 8 / 2019 = 14,694

( two units)



From
11/1994
to
No extra units (i.e., no newly

10/2006 Rs:30 per month
added units)

( 2 units)




From 11/2006 to 8/2018
Two extra units from 11/2006
5,016.00
Rs. 60 per month (4 units)
upto 8/2018 = 2 x 2,508.00

TOTAL no of units and
net GIS BENEFIT TO THE
42,102.00
EMPLOYEE =




Note : In case of death of the employee in June 2018 then the nominee gets Rs 60000 + Rs.42,102= Rs.1,02,102/-

2.   If the employee Date of entry into service: Nov' 1986 and exit from service October 2018

Employee retires 31-10-
Calculation of total benefits under GIS
2018 service particulars
saving

From 11/1986 to 10/1994
One  unit  from 11/1984 upto
38,156.00
Rs.20 per month (2 units)
10/2018 = 2 x 19,078

From 11/1994 to 10/2004
no extra unit

Rs.  30  per  month  (two


units)


From 11/2004 to 10/2013
2 extra units from 11/2004 up
6,568.00
Rs. 60 per month (4 units)
to 10 / 2018 = 2x 3284

From 11/2013 to 10/2018
4  extra  units  from  11/2013
3,084.00
Rs.  120  per  month  (8
upto 10/2018 = 4 x 771

units)


TOTAL  no  of  units  and
net  GIS  BENEFIT  TO  THE
49,754.00
EMPLOYEE =




3.   Entry into service (GIS): November 1986 and Date of exit from service March 2019

Employee retires 31-03-
Calculation of total benefits under GIS
2019 service particulars
saving
From 11/1986 to 10/1994      8 units from 11/1986 upto 3      1,57,904.00

Rs.80 per month (8 units)            / 2017 = 8 x 19,738
From 11/1994 to 03/2019 No extra unit Rs.120 per month (8 units)
TOTAL no of units and net GIS BENEFIT TO THE 1 57 904.00 EMPLOYEE =


INTEREST RATES



From
To
%



01-11-1984
31-10-1994
10.00
01-11-1994
31-03-2000
12.00
01-04-2000
31-03-2001
11.00
01-04-2001
31-03-2002
9.50
01-04-2002
31-10-2004
9.00
01-11-2004
31-12-2011
8.00
01-12-2011
31-03-2012
8.60
01-04-2012
31-03-2013
8.80
01-04-2013
31-03-2016
8.70
01-04-2016
31-12-2016
8.10
01-01-2017
31-03-2017
8.00
01-04-2017
31-06-2017
7.90
01-01-2018
31-03-2018
7.60
01-04-2018
30-06-2018
7.60
01-07-2018
30-09-2018
7.60
01.10.2018
31.12.2018
8.00




Telangana State Employees Group Insurance Scheme


Accumulated Saving Fund of one unit up to Mar 2019

* Start of November each year














start year
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19













1984
21795
21943
22091
22241
22392
22542
22695
22849
23002
23158
23314
23470













1985
19968
20104
20241
20379
20518
20656
20797
20939
21080
21224
21368
21512













1986
18312
18437
18567
18691
18820
18948
19078
19209
19339
19472
19605
19738













1987
16845
16961
17078
17196
17316
17434
17555
17676
17797
17920
18042
18166













1988
15502
15610
15872
15828
15939
16048
16161
16273
16385
16499
16613
16728













1989
14289
14389
14490
14592
14694
14796
14901
15005
15109
15215
15321
15428













1990
13167
13261
13355
13449
13545
13639
13736
13833
13930
14029
13725
14227













1991
12152
12239
12327
12415
12507
12592
12682
12773
12863
12955
13046
13139













1992
11230
11311
11392
11475
11630
11640
11724
11809
11893
11978
12064
12151













1993
10399
10475
10552
10629
10707
10783
10788
10867
11020
11100
11180
11261













1994
9647
9718
9790
9862
9935
10007
10081
10155
10229
10304
10379
10455













1995
8607
8671
8736
8802
8868
8934
9001
9068
9135
9203
9272
9340













1996
7686
7745
7804
7864
7924
7984
8045
8106
8167
8229
8291
8354













1997
6867
6921
6974
7029
7084
7139
7194
7250
7306
7363
7419
7476













1998
6136
6185
6234
6284
6334
6384
6435
6486
6537
6589
6641
6693













1999
5493
5538
5583
5629
5674
5720
5767
5814
5861
5908
5956
6004
















Accumulated Saving Fund of one unit up to Mar 2019

* Start of                   November each year














start year
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19

2000
4915
4956
4998
5040
5082
5125
5168
5211
5254
5297
5341
5385













2001
4397
4436
4474
4513
4552
4591
4630
4670
4709
4750
4790
4831













2002
3926
3961
3997
4032
4068
4104
4141
4177
4214
4251
4288
4326













2003
3496
3528
3561
3594
3627
3660
3964
3727
3761
3795
3830
3864













2004
3101
3131
3161
3192
3222
3253
3284
3315
3346
3378
3410
3441













2005
2739
2767
2794
2823
2851
2879
2908
2937
2966
2995
3024
3054













2006
2404
2430
2456
2486
2508
2534
2560
2587
2614
2641
2668
2695













2007
2095
2119
2143
2167
2191
2215
2240
2264
2289
2314
2339
2364













2008
1810
1832
1854
1876
1898
1921
1943
1966
1989
2012
2035
2058













2009
1546
1567
1587
1607
1628
1649
1670
1691
1712
1733
1754
1776













2010
1303
1322
1340
1359
1378
1397
1417
1436
1456
1475
1495
1515













2011
1078
1095
1113
1130
1148
1166
1183
1201
1219
1238
1256
1274













2012
871
887
903
919
936
952
968
985
1002
1019
1035
1052













2013
681
696
711
726
741
756
771
786
802
817
833
849













2014
507
520
534
548
562
576
590
604
619
633
647
662













2015
347
359
372
385
398
411
424
437
450
464
477
491













2016
200
211
223
235
247
259
271
284
296
308
321
333













2017
64
75
86
97
108
119
130
142
153
165
176
188













2018
0
0
0
0
0
0
0
11
21
32
42
53
















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