Rate of Interest on GPF (West Bengal)

Government of West Bengal
Finance Department
Audit Branch

No. 2908-F( J)

Date : 09/04/2012

RESOLUTION

   The Governor is pleased to decide that during the year 2011-12, accumulations at the credit of the subscribers to the General Provident Fund and other similar funds under the administrative control of the Govt. of West Bengal shall carry interest at the rate of 8% (eight per cent) for the period from 1.4.2011 to 30.11.2011 and 8.6% (eight point six per cent) w.e.f. 01.12.2011. The funds concerned are:-

(i) General Provident Fund (West Bengal Service)
(ii) Contributory Provident Fund ( West Bengal)
(iii) Provident Fund maintained under the West Bengal Non-Govt. Educational Institutions and Local authorities (CPFE) Act, 1983.
(iv) Any other Provident Fund maintained in the state Accounts with approval of this Govt.

   2. Ordered that the resolution be forwarded to all Departments of the Govt. of West Bengal and published in Kolkata Gazette.

By order of the Governor,

Sd/-
P.N. Sammader
Joint Secretary to the
Government of West Bengal
Finance Department

Source:http://www.wbfin.nic.in/writereaddata/Interest%20rate%20on%20PF%20order%20No%5B1%5D.2908-F(J).pdf

PENSION - Dearness Allowance to the pensioners and family pensioners - Revised rate admissible from 1st January, 2012 - Orders - Issued.

FINANCE (PENSION) DEPARTMENT
G.O. No. 118,  Dated 10th April 2012
   (Panguni 28, Thiruvalluvar Aandu 2043)

PENSION - Dearness Allowance to the pensioners and family pensioners - Revised rate admissible from 1st January, 2012 - Orders - Issued.

READ :
1.  G.O.Ms.No.42, Finance (Pension) Department, dated: 7.2.2011.
2.  G.O.Ms.No.280, Finance (Pension) Department, dated: 07.10.2011.
3.  G.O.Ms.No.116, Finance (Allowances) Department, dated:09.04.2012
4.  Government of India, Ministry of Personnel, Public Grievances & Pensions, Department of Pension & Pensioners’ Welfare, Office Memorandum F.No.42/13/2012 dated: 4.4.2012.

ORDER :
   In the Government Order second read above, orders were issued sanctioning the revised rate of Dearness Allowance to the State Government pensioners / family pensioners as detailed below:-

Date from which payable Revised rate of Dearness Allowance   (per month)
With effect from 1st July 2011 58% of Pension / Family Pension

   2. The Government of India, in its Office Memorandum fourth read above has enhanced the Dearness Allowance payable to its pensioners / family pensioners from 58% to 65% with effect from 1st January, 2012. 

   3. Following the orders issued by the Government of India, the Government has now decided to sanction one additional installment of dearness allowance at 7% to the pensioners / family pensioners of the State with effect from 1.1.2012.  Accordingly, the  Government sanction the revised rate of Dearness Allowance to the State Government pensioners / family pensioners as indicated below:-

Date from which payable Revised rate of Dearness Allowance (per month)
1st January, 2012 65% of Pension / Family Pension

   4. The Government also direct that the increase in Dearness Allowance shall be paid in cash to the Pensioners / Family Pensioners with effect from 1.1.2012. 

   5.  While arriving at the revised Dearness Allowance, fraction of a rupee shall be rounded off to the next higher rupee if such fraction is 50 paise and above and shall be ignored if it is less than 50 paise. It will be the responsibility of the Pension Disbursing Authority  including Public Sector Banks etc. to calculate the quantum of Dearness Allowance payable in each individual case. 

   6.  Pending formal authorisation by the Accountant  General, the Dearness Allowance shall be paid straightaway by the Pension Pay Officer, Chennai-6, Treasury Officers and Public Sector Banks concerned.

   7.  This order will apply to the following categories of pensioners:-

   (i) Government pensioners, Teacher pensioners of aided and local body educational institutions and other pensioners  of local bodies.
 
   (ii) The State Government employees who had drawn lumpsum payment on absorption in Public Sector Undertaking  / Autonomous body / Local body / Co-operative institution and have become entitled to restoration of 1/3rd commuted portion of pension as well as revision of the restored amount.

   (iii) Present and future family pensioners; In the case of divisible family pensioners, Dearness Allowance shall be divided proportionately.

   (iv) Former Travancore-Cochin State pensioners drawing their pension on 1st November, 1956 in the Treasuries situated in the areas transferred to Tamil Nadu State on that date, i.e. Kanniyakumari District and Shencottah taluk of Tirunelveli District.

   (v)  Pensioners who are in receipt of special pensions under Extra-ordinary Pension Rules, Tamil Nadu and Compassionate Allowance.

   8. The expenditure on Dearness Allowance payable to the pensioners shall be debited to: 

" 2071. Pension and Other Retirement Benefits - 01. Civil - 101. Superannuation and Retirement Allowances - I. Non-Plan - AC. Dearness Allowance to Pensioners - 03. Dearness Allowance (D.P. Code 2071 01 101 AC 0306) "

   The expenditure on Dearness Allowance payable to the family pensioners shall be debited to
 
" 2071. Pension and Other Retirement Benefits - 01. Civil - 105. Family Pensions – I. Non-plan - AC. Dearness Allowance to
Family Pensioners of Tamil Nadu Government - 03. Dearness Allowance (D.P. Code 2071 01 105 AC 0308) ". 
 
   9. Orders regarding sanction of dearness allowance  to the widows & children of the deceased Contributory Provident Fund / Non Pensionable Establishment beneficiaries of State Government and the former District Board who are drawing ex-gratia will be issued separately.
 
   10. The increased expenditure due to the sanction of Dearness Allowance in this order is allocable among the successor States as per the provisions laid down under the State Reorganization Act, 1956.


 
(BY ORDER OF THE GOVERNOR)

           K.SHANMUGAM
                      PRINCIPAL SECRETARY TO GOVERNMENT

Source:http://www.tn.gov.in/gosdb/gorders/finance/fin_e_118_2012.pdf