Establish Division Federal Employees Benevolent & Group Insurance Funds has made amendment in Federal Employees Benevolent Fund & Group Insurance Rules-1972 vide Notification No. 18-22/Act-Amdt/Plan 2002 dated 23rd November 2012. The new rates will be admissible wef 01-09-2012.
The minimum rates of monthly Benevolent Grant has been raised to Rs.4000/- with the maximum of Rs.10,100/- PM as per the column 5 of Sixth Schedule. In the same way the rates of monthly subscription of Benevolent Fund have also been increased from 2% to 2.40% of the basic pay without maximum limit as per column 4 of Sixth Schedule.
The monthly Benevolent Grant of the beneficiaries who are in receipt of monthly grant on 31-08-2012 has been increased by 40% of grant wef 01-09-2012.
The amount of Farewell Grant as admissible under the rule-24 of FEBF & GI Rules-1972 will be paid to an employee if he proceeds on retiring pension after 25 years service.
Special Thanks: ANWAR HUSSAIN, FG TECHHIGH SCHOOL, CHAKLALA RAWALPINDI