Special Provident Fund cum Gratuity !

(i)    Under the scheme the Government employee has to subscribe a sum of rupees 20 per month till the subscription with interest thereon adds upto rupees 10,000. On retirement, the actual amount subscribed together with interest and contribution by Government of rupees 10,000 will be paid to the employee. In case
of death of an employee, the Government�.  s contribution of Rs.10,000 will not be paid and only his accumulation with interest will be paid. The nomination has to be made but in its absence, the nomination made for the Gratuity scheme shall be sufficient for the purpose. Those retired on medical invalidation and voluntary retirement are eligible for the Government contribution of Rs.10,000. No dues shall be recovered from this amount. (G.O.No.136 Fin 29.02.1984, L.R.No.113297 / 83� 1 Fin 27.11.1984, 351 Fin 25.04.1994, G.O. 429 Fin 15.9.2000).

(ii)  Government  have introduced a new Tamilnadu Government Employees Special Provident-cum � Gratuity Scheme, 2000 with effect from 1.10.2000.  This Scheme is optional for the existing employees and compulsory in respect of employees  joining on or after 1.10.2000 (G.O. No. 504 Fin 2.11.2000).

a)  The existing employees at their option may subscribe at Rs.50p.m. till one   month prior to the date of their retirement/death, they will be paid actual amount of subscription recovered from them along with Interest thereon. They will not be eligible for Government contribution.

b)  In respect of those who join service on or after 1.10.2000, they have to subscribe compulsorily at Rs. 70 p.m. till one month prior to date of their retirement. Employee retiring on superannuation, voluntary retirement and medical invalidation will be paid the actual amount of subscription recovered from them along with Interest thereon plus Government contribution of Rs. 10,000. In all other cases including death while in service, the actual subscription made by them till then, together with Interest thereon alone will be paid