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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