File Pic: Tamil Nadu Secretariat 
Tamil Nadu

TN government enhances Family Security Fund for govt employees to Rs 5 lakh

The subscription to the fund shall be enhanced to Rs 110 per month. The above orders shall take effect from September 1, according to the GO.

migrator

Chennai

As per the announcement made by Finance Minister Palanivel Thiagarajan, during the Assembly session, that the state government will enhance the lumpsum grant from the Family Security Fund paid to the family of government employees who die while in service will be enhanced to Rs 5 lakh to Rs 3 lakh, a Government Order (GO) was issued today.

Accordingly, the amount payable under the Tamil Nadu Government Servants’ Family Security Fund Scheme shall be enhanced to Rs 5 lakh. The subscription to the fund shall be enhanced to Rs 110 per month. The above orders shall take effect from September 1, according to the GO.

The Tamil Nadu Government Servants’ Family Benefit Fund Scheme, subsequently renamed as Tamil Nadu Government Servants’ Family Security Fund Scheme was launched with effect from January 1, 1974, as a self-insurance scheme without involving Life Insurance Corporation of India to support the family of government employees, including those in temporary and non-pensionable service, persons in foreign service and on deputation (menials paid from contingencies) and persons borne on provincialised work-charged establishments and All India Service Officers belonging to Tamil Nadu cadre, who die in harness. The subscriber’s contribution under the scheme was initially fixed at Rs 10 per month deducted from the pay bill.

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