Rule 26 - GPF Reimbursement
Original Rule Text
If the interest of the subscriber in the family pension fund ceases, in whole or part, from any cause whatsoever, the provident fund account of the subscriber shall forthwith be reimbursed by the amount of the refund secured by the subscriber from the family pension fund, which amount shall, in default of reimbursement, be deducted from the subscriber’s emoluments by instalments or otherwise, as may be directed by the authority competent to sanction an advance for the grant of which, special reasons are required under sub-rule (2) of rule 12.
What This Means
This rule explains what happens if a government employee, who is a member of the General Provident Fund (GPF), stops being eligible for or participating in the family pension fund. If your interest in the family pension fund ends, either completely or partially, and you receive any money back (a refund) from that fund, you must immediately deposit that exact amount into your GPF account.
If you do not deposit the refund into your GPF account as required, the government will recover that money directly from your salary or other payments. This recovery can be done either in installments over time or as a single deduction. The decision on how the money will be recovered (e.g., how many installments) will be made by the same senior officer who is authorized to approve special advances from the GPF for specific, important reasons.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1If your eligibility for the family pension fund ends, you must deposit any refund received from it into your GPF account.
- 2This requirement applies whether your interest in the family pension fund ceases fully or partially.
- 3The deposit into your GPF account must be made immediately upon receiving the refund.
- 4Failure to deposit the refund will result in the amount being deducted directly from your salary.
- 5The deduction from your salary can be made in installments or as a lump sum.
- 6The method of deduction is decided by the authority competent to sanction special GPF advances.
Practical Example
Ms. Priya Sharma, a Section Officer, was previously covered under a specific family pension scheme. Due to a change in her service conditions, her interest in that family pension fund ceased, and she received a refund of ₹25,000 from the fund. According to Rule 26, Ms. Sharma is required to immediately deposit this ₹25,000 into her General Provident Fund (GPF) account.
However, Ms. Sharma forgot about this requirement and used the ₹25,000 for a personal expense. When the accounts department reviewed her records, they noted that the refund had not been credited to her GPF. The competent authority, in this case, the Joint Secretary (Finance), decided that the ₹25,000 would be recovered from Ms. Sharma’s salary in five equal monthly installments of ₹5,000 each, starting from the next pay cycle, to ensure her GPF account was correctly reimbursed.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Cross References
Frequently Asked Questions
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This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Test Your Knowledge
Question 1 of 3
According to Rule 26 of the General Provident Fund Rules, what is the primary obligation of a subscriber when their interest in a family pension fund ceases and they receive a refund?