Tamil Nadu Govt Pensioners’ Family Security Fund Scheme – Sanction of a sum of Rs.25.00 crore as advance from the Government

Tamil Nadu Government Pensioners’ Family Security Fund Scheme – Sanction of a sum of Rs.25.00 crore as advance from the Government to Tamil Nadu Government Pensioners’ Family Security Fund recoverable over 5 years period without interest

FINANCE [Pension] DEPARTMENT
G.O.Ms.No.165, Dated 07th July 2021.
(Pilava, Aani – 23, Thiruvalluvar Aandu-2052)

ABSTRACT

Pension – Tamil Nadu Government Pensioners’ Family Security Fund Scheme – Sanction of a sum of Rs.25.00 crore as advance from the Government to Tamil Nadu Government Pensioners’ Family Security Fund recoverable over 5 years period without interest – Orders – Issued.

Read the following:-

1. G.O.Ms.No.762, Finance (Pension) Department, Dated:31.12.1996.
2. G.O.Ms.No.315, Finance (Pension) Department, Dated:12.06.1997.
3. G.O.Ms.No.639, Finance (Pension) Department, Dated:26.12.1997.
4. G.O.Ms.No.414, Finance (PGC) Department, Dated:17.10.2001.
5. G.O.Ms.No.189, Finance (Pension) Department, Dated:07.06.2013.
6. From the Director of Pension Letter RC.No.1899/F1/2020,
Dated 04.05.2021.
7. G.O.Ms.No.164, Finance (Pension) Department, Dated:07.07.2021.

-oOo-

ORDER:

The details of the implementation of Tamil Nadu Government Pensioners’ Family Security Fund Scheme is as follows:-

(Amount in Rupees)

2. The Tamil Nadu Government Pensioners’ Family Security Fund Scheme Contribution from the Pensioners has not enhanced when the fund amount was enhanced from Rs.25,000/- to Rs.35,000/- and the monthly Contribution was enhanced marginally from Rs.70/- to Rs.80/- when the Family Security Fund amount was enhanced from Rs.35,000/- to Rs.50,000/-.

3. In the letter sixth read above, the Director of Pension has stated that the average annual claims received for payment is around 15,500 and the amount required to settle this claim is Rs.77.50 crore, whereas the annual receipt from the Pensioners is around Rs.43.00 crore per annum and the annual deficit of accrual to the fund is about Rs.35.00 crore per annum. There are about 13,746 claims / Cases pending for settlement. Therefore, he has requested the Government to sanction a sum of Rs.57.34 crore to settle the pending claims besides enhancing the Contribution from the pensioners to the Tamil Nadu Government Pensioners’ Family Security Fund Scheme considering the fact that this is a self-supporting scheme.

4. After careful consideration of the proposal of Director of Pension, the Government sanction a sum of Rs.25,00,00,000/- (Rupees Twenty Five Crore only) as advance from the Government account to the Tamil Nadu Government Pensioners’ Family Security Fund Scheme recoverable over 5 years period without interest to settle the backlog claims under this scheme.

5. The amount sanctioned in para-4 above shall be debited to the following new head of account opened under Demand No.16-09 below:-

6. The Expenditure sanctioned in para-4 above shall not be paid in cash but deposited in to the following new head of account:-

“K. Deposits and Advances – (b) Deposit not bearing interest – 8443 00 Civil Deposit – 800 Other Deposits – FC – Tamil Nadu Government Pensioners’ Family Security Fund Scheme – 801 Receipts – 02 Not bearing interest. (IFHRMS DPC: 8443 00 800 FC 801 02) (Receipts).

7. The Director Pension shall make repayment from the accumulations in the Tamil Nadu Government Pensioners’ Family Security Fund Scheme as ordered in para-4 above by debiting to the following new Head of Account:-

“K. Deposits and Advances – (b) Deposit not bearing interest – 8443 00 Civil Deposit – 800 Other Deposits – FC – Tamil Nadu Government Pensioners’ Family Security Fund Scheme – 802 Outgo – 02 Not bearing interest. (IFHRMS DPC: 8443 00 800 FC 802 02) (Outgo).

And by contra crediting to the following new Head of account:-

The Director of Pension shall be the Estimating, Reconciling and Controlling Authority for the above said new Head of Account.

The Pay and Accounts Officer (South) Chennai, is directed to open the above new Head of Account in their books.

8. The Director of Pension shall make repayment from the accumulations in the Tamil Nadu Government Pensioners’ Family Security Fund account over a period of 5 years without interest to Government for the advanced amount of Rs.25.00 crore.

9. Necessary additional fund of Rs.25.00 crore will be provided in RBE/RE/FMA 2021-2022. Pending provision of such funds, the Director of Pension is authorized to incur the expenditure sanction in para -4 above. However, this expenditure shall be brought to the notice of the Legislature by Specific Inclusion in the Supplementary Estimates 2021-22 and the Director of Pension is directed to include this item of expenditure while sending the proposals for RBE/RE/FMA 2021-2022 and also send necessary draft explanatory note for inclusion of this expenditure in the Supplementary Estimates 2021-2022 to Government in Finance (Public/B.G-1) Department at the appropriate time without fail.

10. This orders issue with the ASL No.195 (One Hundred and ninety five).

(BY ORDER OF THE GOVERNOR)
S.KRISHNAN
ADDITIONAL CHIEF SECRETARY TO GOVERNMENT

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