Govt orders implementation of GP Fund (Central Services) Rules in J&K - Kashmir Student Alerts

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Tuesday, 29 September 2020

Govt orders implementation of GP Fund (Central Services) Rules in J&K

Govt orders implementation of GP Fund (Central Services) Rules in J&K

The government ordered implementation of General Provident Fund (Central Services) Rules, 1960 in Jammu and Kashmir UT.

Consequent upon the implementation of General Provident Fund (Central Services) Rules, 1960 vide Government Order No.: 07F  of 2020 dated 08.01.2020 issued by Finance Department. the following guidelines are hereby issued:-

a GPF (Central Services) Rules, 1960 shall not apply to the Government servants appointed on or after 01.01.2010

b The employees covered under NPS (appointed on or after 01 .OI 2010) who have heen allowed to open GPI: accounts and make contributions towards GiPF on voluntarily basis vide SRO- I2 dated 11.01.2018 will not make further contribution to GPF accounts. The balance at the credit of the CPF accounts of all such employees shall be refunded after the locking in period is over Road map for payment of balance in their favour shall be notified separately


c. When a subscriber quits service/retires or dies during the service. amount standing to his/her credit in the fund shall become payable to him/her or hidher nominees. The interest thereon up to the end of the month preceding that in which the payment is made or up to the end of SIX months after the month in which such amount become payable, whichever of these periods be less, shall be payable to the person to whom such amount is to be paid.

d. The payment of interest on the fund balance beyond the period of six months may be authorised by the Director General, Funds Organization up to the period of one year and by the Administrative Department up to any period with the consent of Finance Department.

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e. In case of final refund cases of employees who have already retired from service/died, two or more than two years before ‘date of impletnentation of General Provident Fund (Central Services) Rules, 1960 i.e. 31.10.2019. whose cases have remained unsettled, the interest shall be paid for a period of two  as per erstwhile GPF rules.


f. In case of final refund cases of employees, who have already retired from service/died less than two years but more than six month before implementation of General Provident fund (Central Service) Rules 1960 i.e whose cases have remained irrisettled. the interest shall be paid upto 31.102019.

g. In case of employees who have retired/died during service six months/less than six months before the implementation of General Provident Fund ((Central Service) Rules 1960 i.e.. 31.10.2019, whose eases have not been settled till issuance of these guidelines. interest shall be paid up to the end of the month preceding that in which the payment is made or upto the end of 06 months after the month in which such amount became payable, whichever of these periods is less.


h. In case of final refund cases. where the employee has retired From the service/died during the service after implementation of General Provident Fund (Central Service) Rules. 1960 i.e 31 10 2010. interest shall be paid up to the end of the month preceding that in which the payment is made or up to the end of six months after the month in which such amount becomes payable. whichever of these periods be less.

i. When the amount standing to the credit of the subscriber in the fund becomes payable (in case of superannuationj. it shall be the duty or the Drawing and Disbursing Officer to make sure that the payment is made on the date of superannuation. The authority for the amount payable to the subscriber is issued at least one month before the date of superannuation but payable on the day of superannuation. In case the General Provident Fund balance is not paid on the date of retirement, the interest on GPF balance is required to he paid beyond the date of retirement also. Where interest for first six months can allowed by the District Fund Officer in normal course; approval of the Director General Funds is required for payment or interest beyond six months and that of  Administrative Department concerned with the consent of’ Finance Depanmenr beyond the period of one year.


j. in all such cases, the Administrative Department will fix responsibility at all
levels to take appropriate action against the Govemmenl servant who are found
responsible for delay in payrnent GPF.