25.

DSOP FUNDSubscription to DSOP Fund - Service officers

1.
Eligibility -
Service officers, after continuous service of one year shall subscribe to DSOP Fundcompulsorily.
Optional for re-employed officers. SAI 1/S/80 refers.2.
Amount
- Any sum (in whole rupees) at the option of the subscriber, subject to a compulsory minimum of
6 % of emoluments and not more than his total emoluments.3.
“Emoluments”
– As per Fifth Pay Commission orders, emoluments mean Basic Pay including Rank Pay,
Dearness Pay (w.e.f. 01 Apr 04), NPA (if any) and leave salary and any remuneration in
thenature of pay received in respect of foreign service. It does not include DA.
As per Sixth Pay Commission orders, w.e.f. 01 Jan 06, emoluments mean Pay in the
Pay Band,Grade Pay, MSP (w.e.f. 01 Sep 08) and NPA, if any. Auth:
CGDA letter No. AT/I/1496-IV dated 16 Jan 09.Reduction of subscription to compulsory
minimum shall be resorted to when IRLA runs in debitbalance. Subscription will be restored on
liquidation of debit balance.Statutory and standing recoveries such as IT, AGIF, LF and allied
charges etc., shall have a precedence inthe order of recovery and be the determining factor when
subscription is desired to be made in excess of 6% of total emoluments being the compulsory
minimum. In short, subscription over 6% of emolumentsshall not be more than the difference
between emoluments and statutory and standing recoveries.4.
Enhancement/Reduction -
Subscription may be increased twice and / or reduced once at any time during the course of the
financial year including the pay for March .5.
Recovery of subscription will be stopped compulsorily 3 months before retirement
onsuperannuation
- For officers released from service, no subscription will be recovered during the lastthree
months of his service.6.
Rate of interest for 1992
-
93 and there after.
1992-1993 and there after upto 1999-2000 - 12 %2000-2001 - 11 %2001-2002 - 9.5 %2002-
2003 - 9 %2003-2004 - 8 %2004-2005 - 8 %2005-2006 - 8 %2006-2007 - 8 %2007-2008 -
8 %2008-2009 - 8%7.
Nomination
- A subscriber can nominate one or more persons conferring the right to receivehis DSOPF
amount in the event of his death. If more than one person is nominated, the amount of share
payable to each should be indicated clearly. A subscriber may at any time cancel a nomination
by due notice and send in a fresh nomination. A subscriber having a family can nominate only
members of his family.
Note
: A nomination submitted to the Head of Office is held valid even if the subscriber dies before it
reaches the Accounts Officer.