Tamilnadu Contributory Pension Scheme Interest Rate for the financial year 2017-2018
Government of Tamil Nadu
2018
FINANCE [PGC-I] DEPARTMENT
G.O.Ms.No.16, Dated 18th January 2018
(Heyvilambi, Thai-5, Thiruvalluvar Aandu 2048)
ABSTRACT
PENSION – Contributory Pension Scheme – Accumulations at the credit of subscribers to the Contributory Pension Scheme (both Employees and Employers Contributions) – Rate of interest for the financial year 2017-2018 – Orders – Issued.
Read the following:-
1. G.O.Ms.No.330, Finance [PGC-I] Department, dated 01-11-2017.
2. G.O.Ms.No.11, Finance [Allowances] Department, dated 10-01-2018.
ORDER:
In the Government Order first read above, orders were issued fixing the rate of interest for the accumulation at the credit of the subscribers to the Contributory Pension Scheme at 7.8% (Seven point eight per cent) for the period from 1st October, 2017 to 31st December, 2017.
2. In the Government Order second read above, the rate of interest for accumulation at the credit of subscribers to the General Provident Fund [Tamil Nadu] were fixed at the rate of 7.6% (Seven point six per cent) with effect from 1st January, 2018 to 31st March, 2018.
3. The Government now direct that the rate of interest on the accumulation at the credit of the subscribers to the Contributory Pension Scheme shall carry interest at the rate of 7.6% (Seven point six per cent) with effect from 1st January, 2018 to 31st March, 2018.
(BY ORDER OF THE GOVERNOR)
K.SHANMUGAM
ADDITIONAL CHIEF SECRETARY TO GOVERNMENT
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