GENERAL PROVIDENT FUND (CENTRAL SERVICES) RULES
Short Title and Definitions
1.
(a)
These rules may be called the General
Provident Fund (Central Services) Rules.
(b)
They shall come into force on the 1st April,
1934.
2.
(1)
In these rules:—
(a) Account Officer means
such officer as may be appointed in this behalf by the Auditor-General of
Pakistan.
(b)
Except where otherwise expressly provided emoluments
means 'pay, leave salary or subsistence grant as defined in the Fundamental
Rules, and includes[Pay in
foreign exchange] converted at official rate of exchange. [ ]
(c)
Family means—
(i)
in the case of a male subscriber, the wife
.or wives and children of a subscriber, and the widow, or widows, and children
of a deceased son of the subscriber. .Provided that if a subscriber proves that
his wife has been judicially separated from him or has ceased under the
customary law of the community to which she belongs to be entitled to maintenance,
she shall henceforth be deemed to be no longer a member of the subscriber's
family in matters to which these rules relate, unless the subscriber
subsequently indicates by express notification in writing to the Account
Officer that she shall continue to be so regarded;
(ii)
in the case of a female subscriber, the
husband and children of a subscriber, and the widow or widows and children of
a deceased son of a subscriber :
Provided
that if a subscriber by .notification in writing to the Account Officer
expresses her desire to exclude her husband from her family, the husband shall
henceforth be deemed to be no longer a member - of the subscriber's family in
matters to which these rules relate, unless the subscriber subsequently cancels
formally in writing her notification excluding him.
NOTE I.—Children means legitimate
children.
NOTE
II.—An adopted child shall be considered to be a child when the Account
Officer, of if any doubt arises in the mind of the Account Officer, the Solicitor
to the Government of Pakistan is satisfied that under the personal law of the
subscriber, adoption is legally recognised as conferring the status of a
natural child, but in this case only.
(d)
Fund means the
General Provident Fund.
(e)
Leave means any
variety of leave recognised by the Fundamental rum or the Civil Service
Regulations.
(f)
Year means a
Financial year.
(g) Continuous Service means
service which includes all kinds of leave with or without pay and foreign
service.
(2) Any other
expression used in these Rules which is defined either in the Provident Funds
Act (XIX of 1925) or in the Fundamental Rules is used in the sense therein
defined.
(3) Nothing
in these rules shall be deemed to have the effect of terminating the existence
of the General Provident Fund as heretofore existing or of constituting any
new Fund.
Constitution of the fund
3.
The Fund shall be maintained in Pakistan in
rupees.
4. All
Government servants in permanent, temporary or officiating service (including probationary
service) irrespective of the class to which they belong,; whose conditions of
service the President is competent to determine, shall be eligible to join the
Fund :
Provided
that no such Government servant as has been required or permitted to subscribe
to a Contributory Provident Fund shall be eligible to join or continue as a
subscriber to the Fund while he retains his right to subscribe to such a Fund :
Provided further that any Government servant not qualified for membership;
under this rule who has been duly admitted to membership under rules or orders heretofore
in force shall continue to be a member and shall be governed by any special
provision relating to obligation for, and rates of, subscription from time to
time contained in those rules or orders for so long as his conditions of
service continue to be determined by the President.
6.
(1) All
eligible Government servants hi permanent pensionable and non pensionable
service and those temporary or officiating Government servants who have
completed 2 years continuous
temporary and/or officiating service shall join the Fund as compulsory
subscribers.
(2) All other
eligible Government servants may elect to join the Fund as optional
subscribers.
Government decisions.—As doubts
have been expressed on certain points arising out of the introduction of the
compulsory General Provident Fund Scheme, it has been decided as follows :—
(i)
Government servants who have been re-employed
after retirement should be treated as compulsory subscribers to the General
Provident Fund if the period of such re-employment exceeds two years.
(ii)
Government servants who have been re-employed
after retirement without any stipulation as regards the period but are likely
to be replaced at any time as soon as suitable officers are available may be
treated at par with temporary Government servants similarly placed.
(iii)
In the case of re-employed personnel whose
pay on re-employment has been fixed on pay minus pension basis, the rate
of compulsory subscription may be determined on the pay received from
Government ignoring the amount of pension drawn separately. In the case of
officials whose pension is held in abeyance in whole in pan during the period of re-employment, the amount of
compulsory subscription to the Provident Fund shall be determined with
reference to the actual pay drawn by them.
(iv)
Contract Officers whose contract does not
provide for subscribing to General Provident Fund may be invited by the
appointing authority to join the scheme as compulsory subscribers.
(v)
Persons who are not career officers but are
appointed in Pakistan Missions abroad as Ambassadors, Ministers and to other
diplomatic posts may also be brought within the purview of the Compulsory
Provident Fund Scheme as a whole.
(vi)
The compulsory savings scheme is not
applicable to the locally recruited staff in Pakistan Missions abroad.
[G.P.M.F.,
O.M. No. F. I7 (27)-RI/53. dated 30-12-1953.]
7.
(i)
A Government servant who exercises the option
allowed by rule 6 (2) may discontinue subscribing to the Fund at any time, but
his right of renewing subscription shall lapse if he discontinues subscribing
except when on leave, more than three times.
(ii)
If a Government servant's right to resume
subscription lapses under sub-rule (i) of this rule he shall nevertheless
retain his other rights and liabilities as a subscriber to the Fund ; and no
final withdrawal of his deposits shall be allowed except on the happening of
one or other of the contingencies provided for in rules 29, 30 and 31.
Nominations
8.
(1)
A subscriber shall, as soon as may be after
joining the Fund, send to the Account Officer a nomination conferring on one or
more persons the right to receive the amount that may stand to his credit in
the Fund, in the event" of Ills death before that amount has become
payable, or having become payable has not been paid :
Provided
that if, at the time of making the nomination, the subscriber has a family, the
nomination shall not be in favour of any person or persons other than the
members of his family.
Administrative Instruction:—
A copy of
the nomination paper may be kept in service book of the employee in the case of
non-gazetted Government servant and in the personal file in the case of a
Gazetted officer.
(2)
If a subscriber nominates more than one
person under sub-rule (1), he shall specify in the nomination the amount or
share payable to each of the nominees in such manner as to cover the whole of
the amount that may stand to his credit in the Fund at any
time.
(3)
Every nomination shall be in such one of the
Forms set forth in the First Schedule as is appropriate in the circumstances.
(4)
A subscriber may at any time cancel a nomination
by sending a notice in writing to the Account Officer:
Provided
that the subscriber shall, along with such notice, send a fresh nomination made
in accordance with the provisions of sub-rules (1) to (3).
(5)
Without
prejudice to the provisions of sub-rule (4), a subscriber shall along with
every nomination made by him under this rule send to the Account Officer a
contingent notice of cancellation which shall be in such one of the Forms set
forth in Second Schedule as is appropriate in the circumstances.
(6)
Immediately on the occurrence of any event by
reason of which the contingent notice of cancellation referred to in sub-rule (5)
becomes operative and the nomination to which that notice relates consequently
stands cancel the subscriber shall send to the Account Officer a fresh
nomination made in art dance with the provisions of sub-rules (1) to (3).
(7)
Every nomination made, and every notice of
cancellation given, by a subscriber shall, to the extent that it is valid, take
effect on the date on which it is received by the. Account Officer.
(8)
Nothing in sub-rules (1) to (3) shall be
deemed/to invalidate or to require the replacement by a nomination thereunder
of, a nomination, duly made before and subsisting on the 4th September, 1941:
Provided that
in respect of every such nomination, the subscriber shall, as soon as
may be after the said date send to the Account Officer a contingent notice of cancellation
in such one of the Forms set forth in Second Schedule as is appropriate in the
circumstances.
Subscribers’ Accounts
9.
An account shall be prepared in the name of
each subscriber and shall show the amount of his subscriptions with interest
thereon calculated as prescribed in sub-rule (2) of Rule 14.
Conditions and Rates of Subscription
10.
(1)
Except as provided in rule 7, a subscribe shall subscribe
monthly to the Fund except during a period of suspension:
Provided that a
subscriber may, at his option, elect not to subscribe during leave:
Provided further that
a subscriber on reinstatement after a period passed under suspension shall be allowed
the option of paying in one sum, or in instalments, any sum not exceeding the
maximum amount of arrear subscriptions permissible for that period.
(2)
The subscriber shall intimate his election not to
subscribe during leave in the following manner:-
(a) If he is
an officer who draw his own pay bills, by making no deduction on account of
subscription in his first pay bill drawn after proceeding on leave.
(b) if he is
not an officer who draws his own pay bills, by written communication to the
head of his office before he proceeds on leave. Failure to make due and timely
intimation shall be deemed to constitute an election to subscribe. ,
The
option of a subscriber intimated under this sub-rule shall be final.
(3)
A subscriber who has, under rule 30,
withdrawn the amount standing to his credit in the Fund shall not subscribe to
the Fund after such withdrawal unless and until he returns to duty.
11.
(1) The
amount of subscription towards G. P. Fund shall be fixed by the Government from
time to time.
(2)
Where on account of promotion or reversion of
a subscriber his rate of subscription changes the change shall take effect only
from the 1st of June next.]
12. When a
subscriber is transferred to foreign service or sent on deputation out of
Pakistan, he shall remain subject to the rules of the Fund in the same manner
as if he were not so transferred or sent on deputation.
Realisation of subscriptions
13.
(1) When
emoluments are drawn from a Government treasury n Pakistan or when the
Government servant is on foreign service outside Pakistan, the recovery of
subscriptions on account of these emoluments and >f the principal and
interest of advances shall be made from the emoluments themselves, and
recovery on the above account from Government servants on foreign service
outside Pakistan shall be made in foreign exchange through the Embassy of
Pakistan in the country concerned in such manner as the Federal Government may,
from time, direct.
(2)
When emoluments are drawn from any other
source the subscriber shall forward his dues monthly to the Account Officer.
(3)
If a Government servant fails to subscribe
with effect from the late on which he is required to join the Fund under rule
6, the total amount due to the Fund on account of arrears of subscription
shall, with interest thereon at the rate provided in rule 14, forthwith be paid
by the subscriber to the Fund, or in default be ordered by the Account Officer
to be recovered by deduction from the emoluments of the subscriber by instalments
or otherwise, as may be directed by the authority competent to sanction an
advance for the grant of which special reasons are required under clause (c) of
sub-rule (1) of rule 15.
Interest
14.
(1)
Subject to the provisions of sub-rule (5)
below Government shall pay to the credit of the account of a subscriber
interest at such rate as may be determined for each year according to the
method of calculation prescribed from time to time by the Government of
Pakistan ;
Provided
that, if the rate of interest determined for a year is less than 4 per cent,
all existing subscribers to the Fund in the year preceding that for which the
rate has for the first time been fixed at less than 4 per cent, shall be
allowed interest at 4 per cent.
(2)
Interest shall be credited with effect from
last day in each year in the following manner : —
(i)
on the amount at the credit of a subscriber
on the list day of the preceding year, lest any sums withdrawn during the
current year-interest for twelve months ;
(ii)
on sums withdrawn during the current
year—interest from the beginning of the current year up to the last day of the
month preceding the month of withdrawal;
(iii)
on all sums credited to the subscriber's
account after the last day of the preceding year- interest from the date of
deposit up to the end of the current year ;
(iv)
the total amount of interest shall be rounded
to the nearest whole rupee, fifty paisa counting as the next higher rupee:
Provided that when the amount standing at the credit of a
subscriber has become payable, interest shall thereupon be credited under this
sub-rule in respect only of the period from the beginning of the current year
or from the date of deposit, as the case may be, up to the date on which the
amount standing at the credit of the subscriber became payable.
(3)
In this rule, the date of deposit shall, in
the case of a recovery from emoluments, be deemed to be the first day of the
month in which it is recovered; and in the case of an amount forwarded by the
subscriber, shall be deemed to be the first day of the month of receipt if it
is received by the Account Officer before the fifth day of that month, but if
it is received on or after the fifth day of that month ,the first day of the
next succeeding month.
(4)
In addition to any amount to be paid under
rules 29, 30 or 31, interest thereon up to the end of the month preceding that
in which the payment is made [ ] shall
be payable to the person to whom such amount is to be paid :
Provided that where the Account Officer, has intimated to that
person (or his agent) a date on which be is prepared to make payment in cash,
or has posted a cheque in payment to that person, interest shall be payable
only up to the end of the month preceding the date so intimated, or the date of
posting the cheque, as the case may be:
[Provided
further that if the person claiming the payment does not send an application in
that behalf within six months of the date on which the amount standing at
credit of the subscriber has become payable under Rule :29, interest shall be
payable upto the end of sixth month after the month in which the amount became
payable.
[Note:—Where
the payment of the accumulations in the fund or any part thereof standing to
the credit of a subscriber is delayed for administrative reasons (such as
accounting for the missing credits, transfer of account from one audit office
to another audit office or other similar reasons) interest on the accumulations
or, as the case may be, the part thereof shall be payable upto the end of the
month preceding that in which the payment of the accumulations or any part
thereof is made.]
(5)
Interest shall not be credited to the account
of a Muslim subscriber if he informs the Account Officer that he does not wish
to receive it; bat if he subsequently asks for interest, it shall be credited
with effect from the first day of the year in which he asks for it. .
Government derision.—A
question has been raised as to what course should be adopted in the case of a
subscriber who intimates his intention to forego interest already accrued on
his deposits in the Provident Fund. As the relevant rules did not provide for
any such contingency, the matter has been considered by the Government of
Pakistan and it has been decided that there is no objection to the interest in
such cases being withheld and credited to Government revenues, on the written
intimation of the subscriber concerned.
The interest already credited to the subscriber's account in such
cases should be re adjusted by debit to his Provident Fund Account and contra
credit to the head ["600
Transfer Payments—610 Interest-616 Others’) or ["1100 Income from Property and Enterprise—1130
Interest—1139 Others"] according as the amount of interest was originally
credited to the subscriber's account during the current year or previous year.
[G.P.M.F.
letter No. F. 17(7)-RI/53. dated 13-3-1953)
(6) The
interest on amounts which under sub-rule (3) of rule 13, sub-rule (5) of rule
16, sub-rule (3) of rule. 19, sub-rule (4) of rule 21, sub-rule (1) of rule 23,
sub-rule (!) or (2) of rule 24, rule 29 or rule 30 are replaced at the credit
of the subscriber in the Fund, shall be calculated at such rates as may be
successively prescribed under sub-rule (I) of this rule and so far as may be in
the manner described in this rule.
Government decision.—A
question was raised as to how the rate of interest should be allowed on
current accounts as well as in the case of final payment of Provident Funds. It
has been decided that in the case of final payment of Provident Fund Accounts,
the Accounts Officer should not calculate and pay interest for the year for which
the rate of interest has not actually beep intimated by the Government and that
the residual payment may be allowed later on as and when the orders regarding
the fixation of rate of interest for that year are issued by the Government.
As regards the current accounts, the interest for the year should
be calculated and added to the accounts as and when the rate of interest for
the year has been announced by the Government.
[G P.,
M.F. letter No. F. 9(2)-R3/67. dated 25-2-1967 addressed to the Comptroller and
Auditor-General of Pakistan. Lahore.]
Advances from the Fund
15.
(1) A
temporary advance may be granted to a 'Subscriber from the amount standing to
his credit in the Fund at the discretion of the appropriate authority
specified in the Sixth Schedule, subject to the 'following conditions: —
(a) Mo
advance shall be granted unless the sanctioning authority ii satisfied that the
applicant's pecuniary circumstances justify it, and that it will be expended on
the following object or objects and not otherwise :—
(i)
to pay expenses incurred in connection with
the prolonged illness of the applicant or [the
applicants spouse] any person actually dependent on him ;
(ii)
to pay for the overseas passage for reasons
of health or education of the applicant or any person actually dependent on him;
(iii)
to pay obligatory expenses on a scale
appropriate to the applicant's status in connection with funerals, or
ceremonies which by his religion it is incumbent on him to perform [or in
connection with his marriage or the marriage of any member of his family] [or of a
female relative who is actually dependent on him:]
[Provided
that an advance for the purchase of a motor car, motor cycle or bicycle may be
granted, subject to the terms and conditions laid down in paragraphs 254 to
263-A of the General Financial Rules, Volume I, to a subscriber whose deposits
in the Fund carry no interest and who does not take any advance for that
purpose from Government.
(b) The
sanctioning authority shall record in writing its reason for granting the
advance.
(c) An
advance, shall not exceed three months pay or half of the amount at the credit
of the subscriber in the fund, whichever is lets, except for special reasons.
The subscriber shall state the special reasons in the application submitted for
the grant of advance but if the reason is of a confidential nature which the
subscriber does not want to disclose in writing it may be, or caused to be,
communicated to the sanctioning authority personally and confidentially.
(d)
A second advance may be allowed but only in rare
and exceptional cases and subject to the following conditions: —
(i)
A second advance shall be sanctioned by the
authority next above the sanctioning authority;
(ii)
the authority sanctioning the second advance
shall record reasons for sanctioning the second advance ; and
(iii)
the outstanding balance of the first advance
with interest, if any, shall be recovered from the amount of the second advance
being sanctioned 10 that only one advance remains outstanding at one time.]
(2) In fixing
the amount of an advance, the sanctioning authority shall pay due regard to the
amount at the credit of the subscriber in the fund.
Government decisions. ---
(2) A
question was raised whether a temporary advance could be granted under rule15 (1)
(a) (ii) of the General Provident Fund (Central Services) Rules to pay off
deferred ‘dower’ claimed by the wife of a subscriber at some later stage after
the marriage, as an expense connected with the marriage. It was held that as
the payment of 'dower' was a necessary element in Muslim marriage and either
before or simultaneously with the ‘nikah' ceremony, the husband binds himself
down in the presence of the witnesses to make this payment whether it is prompt
or deferred, the liability is incurred with the marriage. It has, therefore, been
decided that temporary advance may be allowed to a subscriber from his General
Provident Fund for the payment of 'dower' subject to the following conditions
:—
(i)
The official drawing the advance shall
produce evidence within one month of the drawal of the advance that he had
actually paid the 'dower', failing which the advance shall be recovered in lump
sum.
(ii)
The advance in connection with the marriage
shall be allowed only once, i.e. if
the Government servant had taken advance for marriage expenses at the
time of marriage, he shall not be allowed advance for ' dower' again later on.
(iii)
The amount of the advance shall not exceed
the limits laid down in rule 15(1) (c) of the General Provident Fund (Central
Services) Rules or the actual amount of the' dower' fixed whichever is less, a
proof of which shall be produced by the subscriber concerned.
IG.P.M.F.
O.M. No. F. 9(12)-R-3/61, dated 15-1-1962.]
(2) If a
Government servant who has not drawn any advance from G.P. Fund previously or a
period of 12 months has elapsed after the final repayment of all previous
advances together with the interest thereon, applies, for an advance from the
G. P. Fund, the amount of which may, for special reasons, exceed three months
pay, or 50% of the balance, whichever is less, it will be sanctioned in
accordance with the powers delegated in the Sixth Schedule to the G.P. Fund
(Central Services) Rules.
[G.P.F.,
D.O.M. No. F. 2(55>R. 8/72, dated 23-8-1973].
15-B. An advance
for construction of a house (anywhere in Pakistan)
for occupation by the subscriber himself A [or
completely reconstructing or for extending/renovating house already owned by
the government servant concerned or by his wife and children or by any of
them,] may be granted to him from the amount standing to his credit1 in the
Fund at the discretion of the appropriate authority specified in the Sixth
Schedule subject to the following conditions, namely:-
(a) Advance
shall be granted as nearly as may be in accordance with the terms and
conditions set out in paragraph 253-A of General Financial Rules, except as
expressly provided in this rule.
(b)
Advance shall in no case exceed (24)
months pay of the subscriber or 80% of the amount at the credit of the
subscriber in the fund, whichever is lesser.
(c) [23]The
sanctioning authority shall see that the land and the house constructed
thereon, for which the advance is granted, is mortgaged to the President in the
form set forth in the Seventh Schedule to these Rules, within three months
after the advance is drawn.
(d)
Mortgage deed shall be registered within four
months of its execution.
(e)
Recovery Shall be made at the rate of [7%] of the subscriber’s pay
commencing from the fourth issue of pay after the first instalment of the
advance is drawn:
[Provided
that, where the amount of the advance does not exceed 18 month's pay of the
subscribers, recovery shall be made at 5% of the pay.]
Note.—In case
where a subscriber draws only a part of the house building advance from his
Provident Fund the total of the house building advance taken from Government as
loan and the advance from the Provl dent Fund shall be limited to [24]
months' pay of the subscriber. Recovery in such a case on account of advance
from the Fund will commence immediately after the loan from Government with
interest accrued thereat has been fully repaid.
Government decisions.—Please
see Government decision No. (I) under rule 15-B. (Now substituted by new rule
15-B).
(2) It has
been decided that the advance from the G.P. Fund Account of a Government
servant granted for the construction of a house under the existing orders shall
not henceforth be taken into account for the purpose of calculating the total
House Building Advance to which a Government servant is entitled.
(G.P.F
D., O.M. No. F. 9(1)-R 9/72, dated 20-11-1972)
15-B.
(1) Only
three non-refundable advances, one each after attaining the age of 45, 50 and
55 years, shall be admissible to a subscriber.
(2) A non-
refundable advance applied for after the subscriber bad attained the age of 45
years but before attaining the age of 50 years shall be admissible for the
purposes and subject to the conditions mentioned herein:
(i)
Construction of a house (anywhere in
Pakistan) on land owned by him or by his wife or children or by any of them.
The advance shall mutatis mutandis be governed by the same terms and
conditions as are applicable to an advance granted under rule 15-A,
(ii)
Completely re-constructing or for extending or
renovating a house already owned by the Government servant concerned or by his
wife and children or by any of them. The advance shall mutatis mutandis be
governed by the same terms and conditions as are applicable to an advance
granted under rule 15-A.
(iii)
Purchase of agricultural land,
(iv)
Purchase of a house for his residence,
(v)
Repayment of loan taken from a financial
institution.
Conditions:
(a) Save as
provided in clause (c), no recovery of the advance shall be made from the
subscriber and the amount advanced shall be treated as part of the final
payment of the amount standing to the credit of the subscriber when the final
payment becomes due.
(b) The land
purchased, or the house constructed or reconstructed by expending the amount of
the advance shall not be required to be mortgaged with the President.
(c) The first instalment of the advance, or where the
subscriber desires draw the amount of the advance in a lump sum shall be drawn
only after an agreement is executed between the subscriber and the in the forms
set forth in the Eighth, Ninth or Tenth schedule to these Rules, as the case
may be.
(d) In case the reconstructed house, the house, or the agricultural
land as the case may be, is sold or otherwise alienated while the subscriber is
in service, the subscriber shall forthwith repay into Fund the entire amount of
the advance together with interest thereon, in a lump sum.
(e) In case the advance for purchase of a house is not utilized
for the purpose for which it has been drawn within three months of drawal, the
subscriber shall forthwith repay into the Fund the entire amount of the advance
together with interest accrued thereon, in a lump sum. Satisfactory evidence
shall be produced before the Account Officer to show the advance has been spent
within three months of its drawal.
(f) Where an advance is applied to repay a loan taken
from a financial institution the sanctioning authority shall satisfy itself of
the amount of loan taken from a financial institution and the balance payable.
The amount of advance shall not, in any case, exceed the balance payable by the
subscriber. The subscriber shall, within a period of two weeks from the date
of drawal of the advance to repay the loan taken from a financial institution,
produce satisfactory evidence before the Account Officer to show that the
advance has been utilized for the purpose for which it was drawn, failing which
the entire amount will become refundable in lump sum with interest.
(3) No
reasons are required to be given for the advances after the subscriber has
attained the age of SO years.
(4) The amount of each advance shall not exceed eighty
per cent of balance in the account of the subscriber on the date of application
for the grant of advance.
(5) An advance drawn from G. P. Fund account on refundable
basis, may be allowed to be converted into a non-refundable advance if subscriber
has in the meanwhile attained the age of 45 years.)
(1)
An advance shall be
recovered from the subscriber in such number of equal monthly instalments as
the sanctioning authority may direct; but such number shall not be less than
twelve unless the subscriber so elects, [or in any case, more than forty-eight.] A
subscriber may, at his option, repay more than one instalment in a month. Each
instalment shall be a number of whole rupees, the amount of the advance being
raised or reduced, if necessary, to admit of the fixation of such instalments.
'
(2) Recovery shall be made in the manner prescribed in
rule 13, for realisation of subscriptions, and shall commence on the first
occasion after the advance is made on which the subscriber draws pay, or
remuneration on foreign service, for a full month. Recovery may be
postponed, on the subscriber's written request, by the President or any
authority authorised by the President. Recovery shall not be made, except with
the subscriber's consent while he is on leave or in receipt of subsistence
grant.
Order.—Vacation
combined with leave should be treated as leave also for the purposes of
repayment of an advance under rule 16(2) of the General Provident Fund (Central
Services) Rules.
[G.I., F.D., letter
No. F. 22(2)-R. 11/37,
dated the 18th January, 1937].
(3) If more
than one advance 'has been made to a subscriber, each advance shall be treated
separately for the purpose of recovery.
(4)
(a) After the
principal of the advance has been fully repaid, interest shall be paid thereon
at the rate of one-fifth per cent of the principal for each month or broken
portion of a month during the period between the drawal and complete repayment
of the principal:
Provided that Muslim subscribers whose deposits in the Fund carry
no interest shall not be required to pay into the Fund any additional
instalments on account of interest on advances granted to them from the Fund.
(b) Interest
shall ordinarily be recovered in one instalment in the month after complete
repayment of the principal; but, if the period referred to in clause (a) exceeds
twenty months, interest may, if the subscriber so desires, be recovered in two
equal monthly instalments. The method of recovery shall be that prescribed in
sub-rule (2). Payment shall be rounded to the nearest rupee in the manner
prescribed in clause (iv) of sub-rule (2) of rule 14.
(5) If an
advance has been granted to a subscriber and drawn by him and the advance is
subsequently disallowed before repayment is completed, the whole or balance of
the amount withdrawn shall, with interest at the rate provided in-rule 14,
forthwith be repaid by the subscriber to the Fund, or in default, be ordered by
the Account Officer to be recovered by deduction from the emoluments of the
subscriber by instalments or otherwise, as may be directed by the authority competent
to sanction an advance for the grant of which, special reasons are required
under clause (c) of sub-rule (1) of rule 15 :
Provided that Muslim subscribers whose deposits in the Fund carry
no interest shall not be required to pay any interest.
(6) Recoveries
made under this rule shall be credited as they are made to the subscriber's account
in the Fund.
Government decision.—
(1)
It has been decided to delegate the Powers to
postpone recovery of not more than two advances for a period not exceeding two
years to the Ministries/Divisions
[G.P.F.D., O.M. No. F. 1(5)-R. 12/80, dated 11-3-1981.]
Payments towards Insurance
Policies and Family Pension Funds
- Subject to the conditions hereinafter contained in rules 18 to 27:—
(a) subscriptions
to a family pension fund approved in this behalf by the President may, at the
option of a subscriber, be substituted in whole or part for subscripti-ons due
to the Fund in Pakistan ; and
(b)
the amount of subscriptions with interest
thereon standing to the credit of a subsc-riber in the Fund may be withdrawn to
meet—
(i)
a payment towards a policy of life insurance
;
(ii)
the purchase of a single payment insurance
policy ;
(iii)
the payment of a single premium or
subscriptions to a family pension fund approved in this behalf by the
President:
Provided that no amount shall be withdrawn (1) before the details of the proposed policy have been submitted
to the Account Officer and accepted by him as suitable or (2) to meet any payment or purchase made or effected more than twelve
months before the withdrawal, or (3)
in excess of the amount required to meet a premium or subscription actually due
for payment within six months of withdrawal:
Provided
further that payments towards an educational endowment policy may not be
substituted for subscriptions to the Fund and that no amounts may be withdrawn
to meet any payment or purchase in respect of such a policy if is due for
payment in whole or part before the subscriber's age of normal superannuation:
Provided further that amounts
withdrawn shall be rounded to the nearest whole rupee.
18.
(1) If the
total amount of any subscriptions or payments substituted under clause (a) of
rule 17 is less than the amount of the minimum subscription payable to the Fund
under rule 11 (1), the difference shall be rounded to the nearest rupee in the
manner provided in clause (iv) of sub-rule (2) of rule 14 and paid by the
subscriber as a subscription to the Fund.
(2) If the
subscriber withdraws any amount standing to his credit in the Fund for any of
the purposes specified in clause (6) of rule 17, he shall, subject to his
option under clause (a) of
that rule, continue to pay to the Fund the subscription payable under rule 11.
19.
(1)
A subscriber, who desires to substitute a
subscription or payment under clause (a) of rule 17, may reduce his subscription
to the Fund accordingly;
Provided that the subscriber
shall--
(a) intimate
to the Account Officer on his bill or by letter the fact of, and reason for,
the reduction ;
(b) send to
the Account Officer, within such period as the Account Officer may require,
receipts or certified copies of receipts in order to satisfy the Account
Officer that the amount by which the subscription has been reduced was duly
applied for the purposes specified in clause (a) of rule 17.
(2)
A subscriber who desires to withdraw any
amount under clause (b) of
rule 17 shall—
(a)
intimate the reason for the withdrawal to the
Account Officer by letter ;
(b)
make arrangements with the Account Officer
for the withdrawal;
(c) send to
the Account Officer, within such period as the Account Officer may require, receipts or certified copies of
receipts in order to satisfy the
Account Officer that the amount withdrawn was duly applied for the purpose specified in
clause (b) of rule 17.
(3) The
Account Officer shall order the recovery of any amount by which subscriptions
have been reduced, or of any amount withdrawn, in respect of which he has not been
satisfied in the manner required by clause (b) of sub-rule (1) and clause (c)
of sub-rule (2), which interest thereon at the rate provided in rule 14 from
the emoluments of the subscriber and place it to the credit of the subscriber
in the Fund.
Government decision.—A question
has been raised as to what procedure should be followed in the case of those
Government servants, who are posted in Pakistan Missions abroad and desire to
withdraw amount from their Provident Fund for payment of premia to Insurance
Companies located in Pakistan. It has been decided in consultation with the
Comptroller and Auditor General that the following procedure may be followed in
the case of non-gazetted staff:—
The
application regarding the withdrawal of money from Provident Fund for payment
of insurance premia may be made by the Government servants who concerned to
their administrative Ministry, as and when the premium falls due. The
administrative Ministry, will ask the A.G.P.R. to issue necessary authority for
the withdrawl of the amount equal to or less than the insurance premia payable
by the Government servants concerned according to the balance available in the
Provident Fund as the case may be. The applicant should also execute a power of
attorney in favour of some one in Pakistan who will present the premium notice
from the Insurance Company to the administrative Ministry concerned which will
then submit the bill for the for the withdrawl of the amount to the A.G.P.R. On receipt of the amount from the A.G.P.R. the
administrative Ministry would disburse the amount to the holder of the power of
attorney, who will make payment to the Insurance Company concerned in Pakistan,
and furnish the necessary receipt for the same to the administrative Ministry.
As for
the Government servants who posted abroad, no particular procedure appears
necessary in their case. Being their own drawing and Disbursing officer, such
Government servants can draw the amounts of their premia from their Fund
Accounts through their bankers in Pakistan who can make payments to the
Insurance Companies concerned.
[G.P., M.F.O.M. No. D. 344-R. 3/61, dated 30th March1961.]
20.
(1) Government
shall not make any payment on behalf of subscribers to Insurance Companies nor
take steps to keep a policy alive.
(2) A policy
acceptable under these rules shall be one effected by the subscriber himself on
his own life, and shall (unless it is a policy effected by a male subscriber
which is expressed on the face of it to be for the benefit of his wife, or of
his wife and children, or any of them) be such as may be legally assigned by
the subscriber to the President;
Explanation
1:--- A policy on the joint lives of the subscriber and the
subscriber’s wife or husband shall be deemed to be a policy on the life of the
subscriber for the purpose of this sub-rule.
Explanation
2:--- A policy which has been assigned to the subscriber’s wife shall
not be accepted unless either the policy is first re-assigned to the subscriber
or the subscriber and his wife both join in an appropriate assignment.
(3) The
policy may not be effected for the benefit of any beneficiary other than the
wife or husband of the subscriber or the wife or husband and children of the
subscriber or any of them;
Provided
that subscribers who took out policies under Note 1 of rule 21 (ii) or under
clause (b) or (c) of rule 21 of the Rules
previously in force, shall remain subject to provisions of those rules in so
far as policies so taken out arc concerned.
21.
(1) The
policy, within three months after the first withholding of a subscription or
withdrawal from the Fund in respect of the policy ; or in the case of an
Insurance Company whose headquarters are outside Pakistan within such further period
as the Account Officer, if he is satisfied by the production of the completion
certificate (interim receipt), may fix, shall—
(a) it is a
policy effected by a male subscriber which is expressed on the face of it to be
for the benefit of the wife of the subscriber, or of his wife and children, or
any of them, be assigned to the President as security for the payment of any
sum which may become payable to the Fund under rule 26, and delivered to the
Account Officer, the assignment being made by endorsement on the policy in Form
(1) or Form (2) or Form (3) of the Forms
in the Third Schedule. As the policy is on the life of the subscriber or on the
joint lives of the subscriber and the subscriber's wife or husband or the
policy has previously been assigned to the subscriber's wife ;
(b) if it is
a policy effected by a male subscriber which is expressed on the face of it to
be for the benefit of the wife of the subscriber, or of his and children or any
of them, be delivered to the Account Officer.
(2) Where the
Accounts Officer receives a policy under clause (a) or clause (b) of sub-rule (1), he shall—
(a) satisfy
himself if the assignment has been properly made and by reference to the
Insurance Company where possible, that no prior assignment of the policy exists
or where there is no assignment, if the policy is suitable one and as such
acceptable ;
(b) register
the policy including assignment, if any, by recording its full particulars ;
and
(c)
within three months of the registration of
the policy, return it to the subscriber either personally after obtaining
proper receipt or through registered post acknowledge-ment due for its safe
custody.
(3) Once a
policy has been accepted by an Account Officer for the purpose of being
financed from the Fund the terms of the policy shall not be altered nor shall
the policy be exchanged for another policy without the prior consent of the Account
Officer to whom details of the alteration or of the new policy shall be furnished.
(4) If the
policy is not assigned and delivered, or delivered, within the said period of
three months or such further period as the Account Officer may, under sub-rule
(1), have fixed, any amount withheld or withdrawn from the Fund in respect of
the policy shall, with interest thereon at the rate provided in rule 14, forthwith
be paid or repaid, as the case may be, by the subscriber to the Fund, , in
default be ordered by the Account Officer to be recovered by deduction from the
emoluments of the subscriber, by instalments or otherwise, as may be directed
by the authority competent to sanction an advance for the grant of which,
special reasons are required under clause (c) of sub-rule (1) of rule 15.
(5) Notice of
assignment' of the policy shall be given by the subscriber to the Insurance
Company, and the acknowledgement of the notice by the Insurance Company shall
be sent to the Account Officer within three months of the date o assignment.
Note 1. —
Subscribers are advised to scud Notice of the assignment to the Insurance Company
in duplicate, accompanied in cases in which the notice has to be sent to a
company in Great Britain or Ireland, by a remittance of five shilling which is
the fee for the acknowledgement authorised by the Policies pf Assurance Act,
1867.
Note 2. —
Subscribers who proceed to Great Britain or Ireland on quilting the service on
advised that under the English Stump Law assignments or reassign mails are required
to be stamped within 30 days of their first arrival in those countries.
Otherwise penalty will be incurred under the Stamp Act, and difficulties may
arise when the policy matures for payment.
22. The
subscriber shall not during the currency of the policy draw any bonus, the
drawal of which during such currency is optional under the terms of the policy,
and the amount of any bonus which under the terms of the policy the subscriber
has no option to refrain from drawing during its currency shall be paid forthwith
into the fund by the subscriber cm in default recovered by deduction from his
emoluments by instalments or otherwise as may be directed by the authority
competent, to sanction an advance for the grant of which, special reasons are
required under clause (c) of sub-rule (1) of rule 15.
22-A. Deleted. [vide G.P.M.F.
Notification No. F. 9(5)-R3/62, dated the 23rd August, 1962.)
23.
(1) Save as
provided by rule 27 when the .subscriber—
(a) quits the
service ; or
(b) has
proceeded on leave preparatory to retirement and applies to the Account
Officer for reassignment or (issue of no objection certificate in respect) of
the policy ; or
(c) while on
leave has been permitted to retire or declared by a competent medical authority
to be unfit for further service and applies to the Account Officer for
reassignment or (issue of
no objection certificate in respect) of the policy ; or
(d) pays or
repays to the Fund the whole of any amount withheld or with-, drawn front the
Fund for any of the purposes mentioned in sub-clauses (i) and (ii) of clause (b) of rule 17 with interest
thereon at the rate provided in rule 14.
the Account Officer shall -
(i) If the
policy has been assigned to the President and registered under rule 21, or
under the corresponding rule heretofore in force, reassign the policy on
receipt after maturity in the first form set forth in the Fourth Schedule to the
subscriber or to the subscriber and the joint assured, as the case may be, and
give a signed notice of the reassignment to the Insurance Company ; or
(ii)
if the policy bus been delivered to him under
clause (b) of sub-rule (1) of rule 21 and registered under that rule,
issue no objection certificate in respect of that policy :
Provided
that, if the subscriber, after proceeding on leave preparatory to retirement
at, or after being, while on leave permitted to retire or declared by a competent
medical authority to be unfit for further service, returns to duty, any policy
so reassigned or no objection certificate issue in respect thereof shall, if it
has not matured or been assigned or charged or encumbered in any way, be again
signed to the President and delivered to the Account Officer, as the case may
be in the manner provided in rule 21, ard thereupon the provisions of these
rules shall, so far as may be, again apply in respect of the policy:
Provided
further that, if the policy has matured or been assigned or charged or
encumbered in any way, the provisions of sub-rule (4) of rule 21 applicable to
a failure to assign and deliver a policy shall apply.
(2) Save as
provided by rule 27, when the subscriber dies before quitting the service, the
Account Officer shall—
(i)
if the policy has been assigned to the
President under rule 21, or under the corresponding rule heretofore in force,
reassigns the policy in the second Form set forth in the Fourth Schedule to
such person as may be legally entitled to receive it, and shall give a signed
notice of the reassignment to the Insurance Company ;
(ii)
if the policy has been delivered to him under
clause (b) of sub-rule (1) of rule 21, issue no objection certificate in
respect of that policy to the beneficiary, if any, or if there is no beneficiary,
to such person as may be legally entitled to receive it.
24.
(1) If a
policy assigned to the President under rule 21 or under the corresponding rule
heretofore m force, matures before the subscriber quits the service, or if a
policy on the joint lives of a subscriber and the subscriber's wife or husband,
assigned under the said rule, or under the corresponding rule heretofore in
force, falls due for payment by reason of the death of the subscriber's wife or
husband, the Account Officer shall, save as provided by rule 27, proceed as
follows :—
(i)
if the amount assured together with the
amount of any accrued bonuses is greater than the whole of the amount withheld
or withdrawn from the Fund in respect of the policy with interest thereon at
the rate provided in rule 14, the Account Officer shall on receipt reassign
the policy in the Form set forth in the fifth Schedule to the subscriber or to
the subscribers and the joint assured, as the case may be [ ] who
shall immediately on receipt of the policy monies from the Insurance Company
pay or repay to the Fund the whole of any amount withheld or withdrawn with
interest, and in default, the provisions of sub-rule (4) of rule 21 applicable
to a failure to assign and deliver a policy shall apply ;
(ii)
if the amount assured together with the
amount of any accrued bonuses is less than the whole of the amount withheld or
withdrawn with interest, the Account Officer shall realise the amount assured
together with any accrued bonuses and shall place the amount so realised to the
credit of the subscriber in the Fund.
(2) Save as
provided by rule 27, if a policy delivered to the Account Officer under clause
(b) of sub-rule (1) of rule 21 matures before the subscriber quits the service,
the Account Officer shall [issue no objection certificate in respect of that]
policy to the subscriber :
Provided that if the interest in the policy of the wife of the
subscriber or of his wife and children, or any of them, as expressed on the
face of the policy, expires when the policy matures, the subscriber, if the
policy monies are paid to him by the Insurance Company, shall immediately on receipt
thereof pay or repay to the Fund either:—
(i)
the whole of any amount withheld or withdrawn
from the Fund in respect of the policy with interest thereon at the rate provided
in rule 14, or
(ii)
an amount equal to the amount assured
together with any accrued bonuses,
whichever is less, and, in
default, the provisions of sub-rule (4) of rule 21 applicable to a failure to
assign and deliver a policy shall apply.
25. If the
interest of the .subscriber in the family pension fund ceases in whole or part,
from any cause whatsoever, the provident fund account of the subscriber shall
forthwith be reimbursed by the amount of the refund secured by the subscriber
from the family pension fund, which amount shall, in default of reimbursement,
be deducted, from the subscriber's emoluments by instalments or otherwise, as
may be directed by the authority competent to sanction an advance for the grant
of which special reasons are required under clause (c) of sub-rule (I) of rule
15.
26. If the
policy lapses, or is assigned, otherwise than to the President under rule 21.
charged or encumbered, the provisions 0*" sub-rule (4) of rule 21
applicable to a failure to assign and deliver a policy shall apply
27. If the
Account Officer receives notice of—
(a) an
assignment (otherwise than an assignment to the President under rule 21), or
(b)
a charge or encumbrance on, or
(c) an order
of a Court retaining dealings with the policy or any amount realised thereon,
the Account Officer shall not—
(i)
reassign or [issue no objection certificate]
as provided in rule 23, or
(ii)
realise the amount assured by the policy or
reassign, or [issue no
objection certificate] policy, us provided in rule 24,
but shall forthwith refer the matter
to Government.
27-A. Notwithstanding
the provisions of rules 17 to 27, no life insurance policy shall be financed
from the G. P. Fund account of a subscriber:
Provided
that the life insurance policies which are being financed from G. P. Fund
account shall continue to be
so financed till their finalization.]
28. Notwithstanding anything
contained in these rules, if the sanctioning authority is satisfied that money drawn as an
advance from the Fund under clause (1)
of rule 15 or withheld or withdrawn from the Fund under clause (a)
or clause (b) of rule 17 has been utilised for a purpose other than that
for which sanction was given to the drawal, withholding or withdrawal of
the money, the amount in question, shall with interest at the rate provided in
rule 14, forthwith be repaid or paid, as the case may be, by the subscriber to
the Fund, or in default, be ordered to be
recovered by deduction in one sum from the emoluments of the
subscriber even if he be on leave If the total amount to be repaid or paid, as
the case may be, be more than
half the subscriber's emoluments recoveries shall be made in monthly instalments
of moieties of his emoluments till the entire amount recoverable be repaid or paid, as the case may be, by
him.
Note.—The term
' emoluments’ as used in this rule does not include subsistence grant.
Final withdrawal of Accumulations
In the Fund
29.
When a subscriber quits the service, the
amount standing to his credit a the Fund shall become payable to him:
Provided
that a subscriber, who has been dismissed from the service and is subsequently
reinstated in the service shall, if required to do so by Government, repay any
amount paid to him from the Fund in pursuance of this rule, with interest thereon
at the rate provided in rule 14, in the manner provided in the proviso to rule
30. The amount so repaid shall be credited to his account in the Fund.
Government decisions.—
(1) A
question was raised as to the date when the amount standing to the credit of a
subscriber becomes payable en his quitting the service. The matter has been examined
and it is considered that since it may not be possible to arrange payment
immediately on the date of quitting service some reasonable time may be allowed
for making arrangement for the payment. It has therefore, been decided that the
Accounts Officer should make arrangement for the payment of Fund balance within
3 months of the date on which the amount becomes payable.
[G. P., M. F. letter No. F.
9(7)-R. 3/65. dated 9th October, 1965 addressed to all Accounts
Officers in Pakistan).
(2) The
question of further simplifying the procedure for the final payment of G.P.
Fund balances, has been considered. After consultation with the Auditor General
it has been decided o introduce the following three forms (13th, 14th
and 15th Schedule) to suit various situations.
[G.P.F.D., O.M. No. F. t (3)-R.
7/82-317, dated 9-5-1982].
30.
When a subscriber—
(a) has
proceeded on leave preparatory to retirement, or, if he is employed in a
vacation department, on leave preparatory to retirement combined with vacation,
or
(b) while on
leave, has been permitted to retire or been declared by a competent medical
authority to be unfit for further service,
the amount standing to his credit in
the Fund shall, upon application made by him in that behalf to the Account
Officer, become payable to the subscriber:
Provided
that the subscriber, if he returns to duty, shall, if required to do so by
Government, repay to the Fund, for credit to his account, the whole or part of any
amount paid to him from the Fund in pursuance of this rule with interest thereon
at the rate provided in
rule 14, in cash or securities or partly in cash and partly in securities, by
instalments or otherwise, by recovery from his emoluments or otherwise, as may
be directed by the authority competent to sanction an advance for the grant of
which, special reasons are required under clause (c) of sub-rule (1) of rule
15.
Government derision.—It has been decided that a civil servant
who does not avail himself of the leave preparatory to retirement and continues
to serve upto the date of his superannuation, shall have the option to draw the
final payment of his General Provident Fund balance during the period of twelve
months preceding the date of his retirement on attaining the age of superannuation.
[G.P.F.D,,
O.M. No. F. 1(12) Reg. 8/76, dated 18-8-1976].
31. On the
death of a subscriber before the amount standing to his credit has become
payable or where the amount has become payable before payment has been made :
(i)
when the subscriber leaves a family—
(a)
if a nomination made by (he subscriber in
accordance with the provisions of rule 8 or of (he corresponding rule
heretofore in force in favour of a member or members of his family subsists the
amount standing to his credit in the Fund or the part thereof to which the
nomination relates shall become payable to his nominee or nominees in the
proportion specified in the nomination ;
(b)
if no such nomination in favour of a member
or members of the family of the subscriber subsists or if such nomination
relates only to a part of the amount standing to his credit in the Fund the
whole amount or the part thereof to which the nomination does not relate as the
case may be, shall, notwithstanding any nomination purporting to be in favour
of any person or persons other than a member or members of his family, become
payable to the members of his family in equal shares :
Provided that no share shall be
payable to—
(1)
sons who have attained legal majority;
(2)
sons
of a deceased son who have attained legal majority ;
(3)
married daughters whose husbands are alive;
(4)
married daughters of a deceased son whose
husbands are alive ;
if there
is any member of the family other than those specified in clauses (1), (2), (3)
and (4):
Provided
further that the widow or widows and the child or children of a deceased son
shall receive between them in equal parts only the share which that son would
have received if he had survived the subscriber and had been exempted from the
provisions of clause (1) of the first proviso.
(ii)
when the subscriber leaves no family, if a
nomination made by him in accordance with the provisions of rule 8 or of tae
corresponding rule heretofore in force in favour of any person or persons
subsists, the amount standing to his credit in the Fund or the part thereof to
which the nomination relates, shall become payable to his nominee or nominees
in the proportion specified in the nomination.
32.
(1) When the
amount standing to the credit of a subscriber in the Fund becomes payable, it shall be the duty of
the Account Officer to make payment, as provided
in section 4 of the Provident Funds Act. 1925.
Note.—The
amount or balance to the extent of (Rs.
5,000/00) standing to the credit of the deceased subscriber in the Fund may be
paid to the heirs of such subscriber without the production of the usual legal
authority in accordance with the provisions of clause (i) of sub-rule (1) of rule 234 of the Central Treasury
Rules, Volume I.
(2) If the
person to whom, under these rules, any amount or policy is to be paid,
assigned, reassigned or delivered, is a lunatic for whose estate a manager has
been appointed in this behalf under the Lunacy Act, 1912, the payment or
reassignment or delivery will be made to such manager and not to the lunatic.
(3) Any
person who desires to claim payment under this rule shall send a written
application in that behalf to the Account Officer "
within six months of the date on which the amount standing to the credit of the
subscriber has become payable under rule 29 ". Payment of amounts
withdrawn shall be made in Pakistan only. The persons to whom the amounts ore
payable shall make their own arrangements to receive payment in Pakistan.
Note.—When the amount standing to the credit of a
subscriber has become payable under rule 29, 30, or 31, the Account Officer
shall authorise prompt payment of that portion of the amount standing to the
credit of a subscriber in regard to which there is no dispute or doubt the
balance being adjusted as soon after as may be.
Transfer to Pensionable Service.
33.
(a) If a
Government servant who is a subscriber to any other Government Provident Fund,
which is a non-contributory provident fund, is permanently transferred to
pensionable service under the President, the amount of subscriptions, together
with interest thereon, standing to his credit in such other fund at the date of
transfer shall, with the consent of the other Government concerned, be
transferred to his credit in the Fund,
(b) If a
Government servant who Is a subscriber to the State Railway Provident Fund or
the Contributory Provident Fund (Pakistan) or a provincial contributory
provident fund is permanently transferred to pensionable service under the
President and elects or is required
to earn pension in respect of such pensionable
(i)
the amount of subscriptions, with interest
thereon, standing to his credit in such contributory provident fund at the date
of transfer shall with the consent of the other Government, if any, be
transferred to his credit in the Fund:
(ii)
the amount of Government contributions, with
interest thereon, standing to his credit in such contributory provident fund
shall, with the consent of the other Government if any. be repaid to Government
and credited to central revenues (civil) ; and
(iii)
he shall in exchange be entitled to count to
wards pension such part of the period during which he subscribed to such
contributory provident fund as the President may determine.
33-A. If a
subscriber to the Fund is subsequently admitted to the benefits of the
Contributory Provident Fund (Pakistan), the amount of his subscriptions,
together with interest thereon, shall be transferred to the credit of his
account in the Contributory Provident Fund (Pakistan).
Procedure Rules
34. All sums
paid into the Fund under these rules shall be credited in the books of
Government to an account named “The General Provident Fund ". Sums of
which payment has not been taken within six months after they become payable
under these rules shall be transferred to " Deposits " at the end of
the year and treated under the ordinary rules relating to deposits.
35. When
paying a subscription in Pakistan either by deduction from emoluments or in
cash, a subscriber shall quote the number of his account in the Fund, which
shall be communicated to him by the Account Officer. Any change in the number
shall similarly be communicated to the subscriber by the Account Officer.
36.
(1) As soon
as possible after the close of each year, the Account Officer shall send to
each subscriber a statement of his account in the Fund showing the opening balance
as on the 1st July of the year, the total amount credited or debited
during the year, the total amount of interest credited as on the 30th
June of the year and the closing balance on that date. The Account Officer
shall attach to the statement of account an enquiry whether the subscriber—
(a) desires
to make any alteration in any nomination made under rule 8; or under the
corresponding rule heretofore in force.
(b) has
acquired a family in cases where the subscriber has made no nomination in
favour of a member of his family under the proviso to sub-rule (I) of rule 8.
(2) Subscribers
should satisfy themselves as to the correctness of the annual statement, and
errors should be brought to the notice of the Account Officer within six months
from the date of receipt of the statement.
(3) The
Account Officer shall, if required by a subscriber, once, but not more than
once, in a year inform the subscriber of the total amount standing to his
credit in the Fund at the end of the last month for which his account has been
written up.
What is the formula for calculating the accumulated balance of GP Fund pls?
ReplyDelete