Tamil Nadu Electricity Board - Pensionerís Family Security Fund Scheme - Enhancement of Pensionerís Contribution - Orders - Issued.




(Permanent).B.P.(FB).No.74†††††††††††††††††††††††† †††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† Dated 30th September 2000

††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† ††††††† ††††††††††††††††††††††††††††††††††††††††††††††††††††††† Vikrama, Purattasi 14,

††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† †††††††††††††††††††††† †††††††††††††††††††††††††††††††††††††††††††††††††††††††† Thiiruvalluvar Aandu 2031.


††††††††††† READ:

††††††††††† 1. (Per.) B.P.(FB).No.21, (SB), dated 26.3.1997.

††††††††††† 2. G.O.Ms.No.242, Finance (PGC) Department dated 30.5.2000.





††††††††††††††††††††††††††† The Tamil Nadu Electricity Board is implementing Tamil Nadu Electricity Board PensionerísFamily Security Fund Scheme based on the scheme introduced by the Government.Under the scheme all the Tamil Nadu Electricity Board Pensioners who are retiring after 1.4.1997 and those who are receiving pension from the Board as on 31.3.1997 shall be required to pay an uniform contribution of Rs.40/- per month which will be deducted from their monthly pension till their death.In the case of death of a pensioner after one year of contribution to the fund, a sum of Rs.25,000/- will be paid from the fund to the spouse and if the spouse is not alive, the amount will be paid to the nominee, if specific nomination is filed, failing which to all legal heirs in equal share.


††††††††††††††††††††††††††† 2. At the time of introduction of the scheme the monthly contribution was fixed at Rs.40/- to implement it on a self-financing basis without any contribution from the Board.Now the Government have issued orders enhancing the pensionerís Contribution under Tamil Nadu Government Pensionerís Family Security Fund Scheme to meet the amount required for disbursement.Consequent to the above orders the Chief Internal Audit Officer/Board Office Audit Branch has been consulted.The Chief Internal Audit Officers/Board Office Audit Branch has stated that inspite of the present contribution of Rs.40/- the inflow to the fund has not been sufficient to match the outflow from the fund and suggested for increase in the Pensionerís contribution.


††††††††††††††††††††††††††† 3. The Board after taking into consideration of the quantum of disbursement, directs that the pensionerís contribution be enhanced from Rs.40/- to Rs.60/- (Rupees sixty only) per month with effect from 1.6.2000, (i.e.) the pension payable for the month of June 2000.


††††††††††††††††††††††††††† 4. The Chief Internal Audit Officer/Board Office Audit Branch shall recover the difference in contribution from June 2000 in easy installments from the Pensioners.


††††††††††††††††††††††††††† 5. The receipt of the orders shall be acknowledged in the slip enclosed.




††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† S.GNANASELVAM

††††††††††††††††††††††††††† ††††††††††††††††††††††††††††† ††††SECRETARY