Rate of Subscription

The amount of subscription is fixed by the subscriber himself. However, it cannot be less than 6% of the basic pay and not more than the basic pay in the case of full-time employees and it can not be less than 3% of the emoluments and not more than the emoluments in the case of part-time contingent employees.The minimum subscription is determined on the basic pay drawn on 31stMarch of the preceding financial year.The rate of subscription can be reduced once and enhanced twice during the course of a financial year.

Conditions for Subscription

The subscriber shall subscribe monthly to the Fund, except during:

1. Period of suspension.

2. Last three months of service before retirement.

A subscriber on reinstatement after a period of suspension is allowed to pay in lump or in installments any sum not exceeding the maximum amount of arrear subscriptions permissible for that period.A subscriber may at his option choose not to subscribe during leave without allowances or leave on half-pay.A subscriber may stop subscribing to the Fund at any time during the last one year of service immediately preceding the date of his retirement.