Contributory Pension Scheme Interest Rate from Oct to Dec 2018 – TN G.O
Government of Tamil Nadu
FINANCE [PGC-I] DEPARTMENT
G.O.Ms.No.352, Dated 30th October 2018
(Vilambi, Ippasi-13, Thiruvalluvar Aandu 2049)
PENSION – Contributory Pension Scheme – Rate of interest for the financial year 2018-2019 – with effect from 1.10.2018 to 31.12.2018 – Orders – Issued.
Read the following:-
1. G.O.Ms.No.271, Finance [PGC-I] Department, dated 13-08-2018.
2. G.O.Ms.No.337, Finance [Allowances] Department, dated 12-10-2018.
In the Government Order first read above, orders were issued fixing the rate of interest for the accumulations at the credit of the subscribers to the Contributory Pension Scheme at 7.6% (Seven point six per cent) for the period from 1st July, 2018 to 30th September, 2018.
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 8% (Eight percent) with effect from 1st October 2018 to 31st December 2018.
3. The Government now direct that the rate of interest on the accumulations at the credit of the subscribers to the Contributory Pension Scheme shall carry interest at the rate of 8%(Eight percent) with effect from the period from 1st October 2018 to 31st December 2018.
(BY ORDER OF THE GOVERNOR)
ADDITIONAL CHIEF SECRETARY TO GOVERNMENT