TN Contributory Pension Scheme Interest Rate from July to September 2019

Government of Tamil Nadu
2019

FINANCE [PGC-I] DEPARTMENT

G.O.Ms.No.263, Dated 14th August 2019

(Vihaari, Aadi-29, Thiruvalluvar Aandu 2050)

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 2019-2020 – With effect from 01-07-2019 to 30-09-2019 – Orders – Issued.

Read the following:-

1. G.O.Ms.No.150, Finance (PGC-I) Department, dated: 15-05-2019.
2. G.O.Ms.No.223, Finance (Allowances) Department, dated: 18-07-2019.

ORDER :

In the Government Order first read above, orders were issued fixing the rate of interest for accumulations at the credit of the subscribers to the Contributory Pension Scheme (Tamil Nadu) at 8% for the period from 1st April, 2019 to 30th June, 2019.

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 7.9% (Seven point nine percent) for the period from 1st July, 2019 to 30th September, 2019.

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 be fixed at 7.9% (Seven point nine percent) for the period from 1st July, 2019 to 30th September, 2019.

(BY ORDER OF THE GOVERNOR)

S.KRISHNAN
PRINCIPAL SECRETARY TO GOVERNMENT

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