Group Insurance cum Savings Scheme 1987

If any employee joins in the Govt. Service in the month of November, full subscription according to his group is to be recovered from his salary of November.

  • This scheme is a self financing scheme. State Govt.’s contribution is NIL.
  • It has started from 01.11.1987.
  • Following categories of employee will come under the scheme:
  • Full time State Govt. employee and work charged employee.
  • Daily rated worker.
  • Person appointed on short term basis.
  • Person appointed on ad-hoc basis or contract basis for a specified period.
  • Seasonal or Casual employee.
  • Person recruited after 50 years.
  • Person on deputation from other State Govt., Public Undertakings, Autonomous Organizations.
  • Date of anniversary of the scheme is 1st November in each year.
  • Rate of subscription differs as Group as under:
Group Subscription Insurance Saving
A Rs. 80 Rs. 24 Rs. 56
B Rs. 40 Rs. 12 Rs. 28
C Rs. 20 Rs. 6 Rs. 14
D Rs. 10 Rs. 3 Rs. 7
  • If any employee joins in the Govt. Service in the month of November, full subscription according to his group is to be recovered from his salary of November. But if he joins after November, Insurance Fund according to Group is to be recovered. From next November Insurance Fund and Savings Fund are to be recovered.
  • In case of death while in service following amount admissible according to Group of the employee:
Group Admissible
A Rs. 80000 + savings fund with interest as per table issued by the Finance Deptt.
B Rs. 40000 + do
C Rs. 20000 + do
D Rs. 10000 + do
  • In case of retirement / resignation etc. the employee will get the amount deposited in savings fund plus interest as per table issued by Finance Department is sanctioned by the Head of Office.
  • No interest shall be levied on arrear subscriptions if the non recovery is due to delayed payments of salary / wages.

Income Tax Calculator 2014-15

Download our New Income Tax Calculator (2014-15) under Tools section.

Comments

  1. ARUNAVA NAYEK says

    Suppose a employee got MCAS and change pay Scale PB-3(Rs 7100-37600) with Grade pay Rs 4100 to PB-4(Rs 9000-40500) with Grade Pay Rs 4400. What should be GISS’87 subscription? Rs 80 or Rs 40 ? ( Present Basic Pay including grade pay Rs 20190 and designation of post is Inspector of Cooperative Societies.)

    • SISIR KUMAR MUKHOPADHYAY says

      My wife opted for GISS 1987 in Nov 1987. She was CDPO at that time.What was her contribution Rs.40/- or 80/-? Pl inform.

  2. Sunil Dey says

    On the basis of G.O.no. 3728-F(J),dt.3-5-2012 of wb fin,audit branch, my ddo submited the salary bill to the treasury for the month of july’13, after deducting the gis subscription of the ‘hostel employees’ for the first time, who are working in the institute since last 25-26 years ( whom subscriptions were not previously deducted from their salaries without any reason ). The treasury is not willing to deduct the same and advised us to deduct the gis subscriptions from the inception of service of the each individual with full interest. Please inform us the rules to get them the benefit of gis on and from the date of contribution.

  3. Jahir Ahmed says

    suppose a emplyee got MCAS and change Pay Scale PB 3(7100 -37600)With Grade Pay Rs.4100 to PB 4 (900-40500) with Grade Pay Rs.4400 what should be GIS’87 Subscription ? Rs.40/- or Rs.80/- ?
    (preivously basic pay Rs.21380/- Now Revised Basic pay Rs.22330/-
    post surveyor Group-B )

  4. s.s.singha says

    What amount GIS (1987) of a gram panchayat employee whose Grade Pay is Rs.4400 (PB-4)? Please send me the G.O of Panchayat & Rural Development Department.

    • surojit das says

      please provide me all calculation table of 1983 scheme & 1987 scheme of G.I.Scheme, West Bengal

  5. avik galui says

    how can i calculate group insurance 1987 and 1983 retirement benefits amount who retired on 29.02.2012

  6. BDO Baruipur says

    we need finance department table 2011-12 of benefits for saving-cum-accumulations under the Group Insurance Scheme, 1987

    • ajit mondal says

      I am in need the finance department table 2012-13 of benefits for saving-cum-accumulations under the Group Insurance Scheme, 1987

  7. says

    you were in no. 6 scale, which was revised as PB-2 with Grade Pay 2600/-. Now after CAS, it would be PB-2 with Grade Pay 2900/-, a Group C employee. So, in your case subscription should be Rs. 20/-

Leave a Reply

Your email address will not be published. Required fields are marked *

Please do not share your Mobile number.

Current ye@r *