Finance (Pension) Department, Secretariat, Chennai-600009.
Letter No.26299/Pension/2022-1, Dated:08-10-2022...
From
Thiru N. Munaganandam, I.A.S..
Additional Chief Secretary to Government.
To
The Commissioner of Treasuries and Accounts,
Perasiriyar K.Anbazhaganar Maaligai,
No. 571, Anna Salai,
Nandanam, Chennai - 600 035.
Sir,
Sub: Tamil Nadu Government Employees' Special Provident Fund-cum-Gratuity Scheme, 1984 -Interest Calculation - Clarification sought for -furnished - Regarding.
Ref: 1. G.O.Ms.No.61, Finance (Pension) Department, dated: 28.02.2013.
2. Your Letter No.4459 / D2 / 2018, dated:14.09.2022 received in this department on 21.09.2022.
-oOo-
I am to invite your attention to the references cited.
2. As per the reference first cited, the amount of interest payable under Tamil Nadu Government Employees' Special Provident Fund cum Gratuity Scheme, 1984 for retiring Government servants will be calculated as per the General Provident Fund rate of interest applicable from time to time and there will be no change in the other terms and conditions under Special Provident Fund, 1984.
3. In the reference second cited, it was requested to clarify whether Special Provident Fund, 1984 interest calculation can be done by adding the interest amount to the principal or to calculate normally without adding interest to the principal, whenever the interest rate changes within a year.
4. 1 am to clarify that interest for Special Provident Fund-cum-Gratuity Scheme, 1984 shall be calculated as per General Provident Fund rate of interest applicable from time to time as per the reference first cited, by adding interest amount to the principal, compounded annually.
