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2 May 2014

GO1539-CPS for State Government Employees-Sanction of Rs.50.00 Crores towards matching Contribution by the State Government

GOVERNMENT OF ANDHRA PRADESH
ABSTRACT
Pensions – New Contributory Pension Scheme for State Government Employees - Sanction of Rs.50.00 Crores [Rupees Fifty Crores only] towards matching Contribution by the State Government – Orders – Issued.
FINANCE [PENSION-I] DEPARTMENT
G.O.Rt.No. 1539                                 Dated: 28.04.2014.
Read the following:
Lr.No. D (II) 1/14672/2013 dated 09.04.2014 received from the
Director of Treasuries & Accounts, A.P. Hyderabad.

* * * * *
ORDER:
In the letter 1st read above, the Director of Treasuries & Accounts, A.P. Hyderabad has requested to issue sanction orders for an amount of Rs.50.00 Crores [Rupees Fifty Crores only] towards Matching Contribution under New Contributory Pension Scheme for the legacy period from BE 2014-15.
2. Government, after careful consideration of the proposal of the Director of Treasuries and Accounts, A.P., Hyderabad, hereby release an amount of Rs.50.00 Crores [Rupees Fifty Crores only], from BE 2014-15, towards Matching Contribution of the State Government for the legacy period.

3. The amount now released in para 2 above shall be debited to the following head of account:

2071 - Pension and Other retirement benefits
01 - Civil
117 - Government Contribution for defined contribution pension scheme
SH (04) - Contribution to Contribution Pension Scheme of A.P. State Government Employees
320 - Contributions

4. The Director of Treasuries & Accounts, A.P., Hyderabad is hereby authorized to draw the amount from the head of account mentioned in Para 3 above and transfer the same to the following fund head of account by preferring an adjustment bill.

8342 - Other Deposits
117 - Defined Contributory Pension Scheme for Government Employees
SH (04) - A.P. State Government Employees Contributory Pension Scheme
002 - Government Contribution
5. The Pay & Accounts Officer, Hyderabad is requested to admit the adjustment bill into audit.

Dr. P.V.RAMESH
PRINCIPAL SECRETARY TO GOVERNMENT (R&E)

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