• Home
  • 7th Pay Matrix
  • Pay Calculator
  • DA Table
  • DA News
  • 8th CPC News
  • KV Fees

Central Government Employees Latest News

7th Pay Commission Latest News Today 2023, 7th Pay Matrix Table PDF, Expected DA Calculation, DA Rates Table, 8th Pay Commission Latest News

Latest 7th pay commission pay scale calculator
  • Holidays 2023
    • Holidays 2022
    • Holidays 2021
    • Holidays 2020
    • Holidays 2019
    • Holidays 2018
  • DoPT Orders
  • Expected DA
    • AICPIN
  • CSD AFD
  • Retirement Age
    • CGHS Subscription
    • CGHS Hospitals
    • CGHS Rates
    • OROP-2 Table
  • Gold Price
    • KVS Admission 2023-24
You are here: Home / 7th Central Pay Commission / 7th Pay Commission Recommendations on CGEGIS

7th Pay Commission Latest News Today 2023
Central Government Employees News Today 2023
7th Pay Salary Calculator 38% DA 7th CPC Increment Calculator
Expected DA for January 2023 8th Pay Commission News

7th CPC Pay Fixation Calculator Retirement Date Calculator 2023
Leave Encashment Calculation & Calculator 2023 KVS Fee Online Payment 2023-24
18 Months DA Arrears for CG Employees Govt First Salary Calculator
Latest News from 7thpaycommissionnews.in

7th Pay Commission Recommendations on CGEGIS

December 5, 2015 admin Leave a Comment

7th CPC Recommendations on CGEGIS

Central Government Employees’ Group Insurance Scheme (CGEGIS)

Introduction
Subsequent to the implementation of the III CPC recommendations, Central Government Employees’ Group Insurance Scheme (CGEGIS) was notified in 1980 and came into force w.e.f. 1 January, 1982.

The scheme serves the twin objectives of (a) providing a lump-sum amount to the families in case of an employee’s death and (b) a lump-sum payment to the employee on cessation of employment, both on a wholly contributory and self-financing basis.

Present Position : CGEGIS comprises a Savings Fund and an Insurance Fund in the ratio 70:30. The present rates of deduction, insured amount and savings units are as follows:

The value, in ₹, of each unit (for Savings) is published by the Ministry of Finance every year in the form of Tables of Benefits, and the total amount is worked out using the same depending upon when the employee joined the scheme and the year/month of cessation of membership.

Upon employee’s exit from the scheme, only the Savings amount, as applicable on the concerned date, is payable. In case of demise of the employee, the Savings amount applicable on date plus the Insured amount is payable.

Demands : The Commission has received numerous representations from various stakeholders stating that the Monthly Deduction as well as the Insurance Amount have remained unchanged since 1990. In the present context, they are too low and should be increased.

Analysis and Recommendations.

As a logical comparator, the Commission considered the rates under Army Group Insurance Fund (AGIF), which have become applicable w.e.f. 01.09.2013. These are as follows:

The Commission also took into view the fact that pay of Defence personnel is by and large higher than that of Civilian employees of comparable level. Hence, with suitable modifications for Civilian employees, the following rates of CGEGIS are recommended:

The Commission also took note of the fact that the Tables of Benefits published by Ministry of Finance are based on the mortality rate of 3.75 per thousand per annum up to 31.12.1987 and 3.60 per thousand per annum thereafter. In its report (brought out in January 1997), the V CPC had pointed out that the mortality rate, life expectancy and health delivery systems have improved over a period of time.

They had highlighted the need “for a detailed review of the current mortality rates with a view to revising the apportionment between the Savings and Insurance Funds.” Since it was likely to take some time, they had recommended a ratio of Savings Fund to Insurance Fund of 75:25, with “appropriate machinery for a periodical review of the mortality rates and adjustment of the apportionment ratio.”

All the three factors viz., mortality rate, life expectancy and health delivery systems have further improved over the course of nearly twenty years following the V CPC recommendations.

Accordingly, this Commission recommends that the ratio of Savings Fund to Insurance Fund be modified from the present 70:30 to 75:25, as an interim measure, pending a detailed review. It is also recommended that periodical reviews of mortality rates should be undertaken for suitable adjustment of the apportionment ratio. The Tables of Benefits may be modified accordingly.

More news about CGEGIS

Ridiculous recommendation of 7th CPC regarding CGEGIS


Also Check: Central Government Pay Matrix Table 2022 PDF
Related updates:

    Enhancement of Insurance Coverage under CGEGIS – BPMS
    Unjustified deduction for Group insurance Scheme in 7th Pay Commission Report – IRTSA
    7th CPC CGEGIS : Illogical recommendation of 7th CPC
    CGEGIS 1980 : Annual report including CGEGIS subscribers for the year 2014
    CGEGIS Table 2015 – Tables of Benefits for the savings fund for the period from 1.1.2015 to 31.12.2015
    CGEGIS Calculation Table from October and December 2019
    7th CPC Recommendation on CGEGIS is not accepted by Govt

Filed Under: 7th Central Pay Commission, 7th CPC Report, CGEGIS

New Option for Higher Pension by EPF Pensioners 2023

New Option for Higher Pension by EPF Pensioners

March 27, 2023 By Ekanathan Leave a Comment

EPF Pensioners now have a new option for a higher pension, as per the directions of the Hon’ble Supreme Court judgment dated … [Read More...]

Maternity Leave for Civilian Female Industrial Employees in the Defence

Maternity Leave for Civilian Female Industrial Employees in the Defence: Latest Clarification

March 27, 2023 By Ekanathan Leave a Comment

The Ministry of Law and Justice has amended the Maternity Benefit Act, 2017 through a Gazette Notification issued on 28.03.2017, … [Read More...]

Double, Additional Transport Allowance out of the 50%, 35% ceiling relating to Divyangjan

Double, Additional Transport Allowance out of the 50%/35% ceiling relating to Divyangjan – Date of effect of Implementation

March 27, 2023 By Ekanathan Leave a Comment

The implementation date for doubling or adding to the transport allowance, subject to a 50/35 percent ceiling, for Divyangjan … [Read More...]

DA Arrears to Central Govt Employees and Pensioners - Latest Update

DA Arrears Release to Central Govt Employees and Pensioners – Latest Update

March 27, 2023 By Ekanathan 3 Comments

Are you eagerly awaiting the release of 18 months' worth of DA arrears for Central Government employees and pensioners that were … [Read More...]

Linking with PAN with Aadhaar Last Date 31.3.2023

Linking with PAN with Aadhaar Last Date 31.3.2023

March 27, 2023 By Ekanathan Leave a Comment

Attention All NPS Subscribers: Link Your PAN with your Aadhaar by March 31, 2023 The PFRDA has released a notice advising … [Read More...]

Leave a Reply Cancel reply

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

7th Pay Commission Latest News

  • New Option for Higher Pension by EPF Pensioners March 27, 2023
  • Maternity Leave for Civilian Female Industrial Employees in the Defence: Latest Clarification March 27, 2023
  • Kendriya Vidyalaya Class 1 Online Admission Kick-off Today at 10 AM March 26, 2023
  • 42% Dearness Allowance for Central Govt Employees from 1st Jan 2023 March 26, 2023
  • Latest Amendments on Civil Dress Code for RPF in Railways March 24, 2023
  • Old Pension Scheme for Central Govt Employees Recruited on or before 22.12.2003 March 24, 2023
  • KVS OMR Sheet and Answer Key 2023 Released: Check Direct Download Link Here March 24, 2023
  • Sharing of Family Pension to Eligible Widows or Children March 24, 2023
  • Railway Board LDCE Quota: Medical De-classified Personnel Selection March 24, 2023
  • Check IRCTC E-Tickets Against E-Passes/PTOs | HRMS App March 24, 2023
  • Implementing 5-day work week in banks soon! March 24, 2023
  • Clarification on Compassionate Appointment in Level-7 to Railway Employees March 24, 2023
  • NPS to OPS for Recruited Against Post or Vacancy Advertised, Notified for Recruitment March 23, 2023
  • 7th UGC Pay Commission | Revision of Pay Scale of Teachers in Universities and Colleges March 23, 2023
  • Latest Details on Demands for Old Pension Scheme March 21, 2023

Top Stories 2023

7th Pay Matrix Table
DA Latest News 2023
KV Fee Structure 2023-2024
7th CPC Salary Calculator January 2023
Bakrid Date in India 2023
7th CPC DA Calculation 2023
Amavasya Date Calendar 2023
Expected DA Calculator January 2023
7th Pay Matrix Level 6
First Month Salary Calculator 2023
Pay Matrix Full Size Image
Post Office Holidays 2023
HRA New Rates 2023
New TA Rates 2023
SBI Bank Holidays 2023
Pay Matrix Level 7 Salary
Pay Level 4 Salary
Pay Matrix Level 8 Salary
7th Transport Allowance New Rates
7th CPC Increment Calculation
KVS Class 1 Admission 2023-2024
Expected Bank DA Calculator 2023

7th Pay Commission Latest News Today 2023

Fitment Factor Table PDF
7th CPC Pay Fixation
7th CPC Pension Calculation
7th CPC Pension Fixation Examples
7th CPC Voluntary Retirement Scheme
DA Calculation as per 7th CPC
7th CPC MACP Scheme
7th CPC Children Education Allowance
7th CPC Transport Allowance
7th CPC Increment
7th CPC HRA
7th CPC Classification of Posts
7th CPC Armed Forces Personnel
7th CPC House Building Advance
7th CPC Leave Rules
7th CPC Travelling Allowance
7th CPC LTC Rules
7th CPC Reservation Policy
7th CPC Risk and Hardship Matrix
7th CPC New Pension Scheme
7th Pay Commission Fitment Table
7th CPC Allowances
7th CPC Advances
7th CPC AICPIN
7th CPC Briefcase Allowance
7th Pay Commission CGEGIS
7th CPC Dress Allowance
7th CPC Child Care Leave
List of Sainik Schools
Latest Dopt Orders
CSD AFD Login
CGHS Subscription Ward Entitlement
CGHS Hospital List
CGHS Package Rates
CGHS Online Booking

7th Pay Commission News Discussions

  • Bangkim Chandra Swargiary on 8th Pay Commission News Date, Salary Slab, Pay Scale Calculator
  • shem shpunii koh on NPS to OPS Option for Certain Central Government Employees Last Date 31.8.2023
  • Hav. Jeevaratnam on OROP Table No.7 – Havildar and Hony Naib Sub and Equivalent
  • K N Sati on 7th Pay Commission Basic Salary Calculator India
  • M.K.KUMAR on 7th Pay Commission Latest News for Pensioners 2021
  • Raviprasad Golla on CGHS Pune – Fresh list of HCOs under CGHS
  • Nilesh Patel on 7th Pay Commission Latest News for Pensioners 2021

Latest News

  • 7th Central Pay Commission
  • 7th CPC Concordance Table
  • 7th CPC Defence
  • 7th CPC Dopt Orders
  • 11th Bipartite
  • 7th CPC HRA
  • 7th CPC Increment
  • 7th CPC Pay Matrix
  • 7th CPC Pay Scale
  • 7th CPC Pay Scale Calculator
  • 7th CPC Pension Calculation
  • 7th CPC Projected Pay Scale
  • 7th CPC Report
  • 7th CPC Transport Allowance
  • 7th Pay Commission Latest News
  • AICPIN
  • Armed Forces
  • Bank Employees News
  • Bonus
  • Central Government Employees News
  • CGEGIS
  • CGHS
  • Children Education Allowance
  • Compassionate Appointment
  • DA Merger
  • Dearness Allowance
  • Dearness Relief
  • Dopt Orders
  • Employment News
  • Expected DA
  • Finmin Orders
  • Freezing of DA and DR
  • Gramin Dak Sevaks
  • Google News
  • Holidays
  • HRA
  • INCOME TAX
  • IPL Cricket
  • IRCTC News
  • JCM Meeting
  • KV Schools
  • LDC UDC Issues
  • MACP
  • LTC
  • National Council Meeting
  • NPS to OPS
  • New Pension Scheme
  • OROP
  • Pay Fixation
  • PCDA Circulars
  • Retirement age
  • Voluntary Retirement Service

Copyright © 2023 - Central Government Employees News - 7th Pay Commission News - Site maintained by TEUT Digital Concepts