tngdc.gov.in Teachers Provident Fund TPF Tamil Nadu

Organisation : Government of Tamil Nadu
Scheme Name : Teachers Provident Fund (TPF)
State : Tamil Nadu

Website : https://www.tn.gov.in/karuvoolam/

Teachers Provident Fund

In accordance with the orders issued in G. O. Ms No.38, Finance (Allowances) Department dated 23.1.1992, the Government have entrusted the work of computerization of Teachers’ Provident Fund accounts in respect of Panchayat Union Schools/Municipal Schools/Government Aided Schools/Government Aided Technical Institutions/Collegiate Education to Government Data Centre, Chennai-25.

Related : TNGDC Contributory Pension Scheme CPS Tamil Nadu : www.statusin.in/21589.html

Initially, the Teachers’ Provident Fund processing works of Panchayat Union School teachers have been taken up and account slips were issued to the Teachers of Panchayat Union Schools, authenticated by the Assistant Elementary Educational Officer concerned through the Director of Elementary Education.

In G O (Ms) No. 509 Finance (CA) Dept. dated 15/10/2009, the Government have permitted the Commissioner, Government Data Centre to issue authenticated account slips for Teachers’ Provident Fund in respect of Panchayat Union School teachers from the year 2007-2008 onwards.

Accordingly the authenticated account slips for the year 2007-08 were processed after obtaining the audited Ledgers duly audited by internal auditor and receive from Assistant Elementary Educational Officers and handed over the account slips.

FAQ On Teachers Provident Fund

The TPF subscription of an employee of the Government of Tamil Nadu is governed by the GPF (TN) Rules, 1991.

1. What constitutes ‘Family’ for the purpose of GPF Rules?
Spouse, Parents, children, minor brothers, unmarried sisters, deceased son’s widow and children and if no Parent of the subscriber is alive, a paternal grandparent. A female subscriber can exclude her husband from the list of Family members.

2. Is an adopted child a member of the family?
Yes, if under the personal law of the subscriber adoption is legally recognised. But, a child of one person given in adoption to another is not a member of the former’s family.

3. What is the minimum amount of subscription?
Minimum rates as prescribed by the Government in GO MS. 579 Fin. (All) dated 07/10/1998.

4. Can the subscriber alter his rate of subscription?
Yes. The rate can be reduced (not below the prescribed minimum) once a year in March and increased twice a year.

5. How is subscription to TPF recovered?
** From the Pay and Allowances drawn from Treasury.
** If Pay and Allowances are drawn from any other source, the subscriber himself will forward his dues to the A.G.
** If on deputation to a body corporate or organisation under Societies Registration Act, the employer shall recover and forward it by Demand Draft/ Cheque drawn in favour of the A.G.

6. How should the arrears of subscription be recovered?
The arrears should either be paid by the subscriber or recovered from the emoluments in installments as directed by the authority competent to sanction an advance from the Fund.

7. What are the occasions for non -recovery of subscription?
** During suspension
** During leave on half pay or loss of pay
** During period treated as dies-non
** Last four months of service before superannuation

8. Why should the subscriber make a nomination?
Nomination is needed to confer on one or more persons the right to receive the money at the credit of the subscriber in the event of his death before the amount becomes payable to him or not paid to him after it becoming payable. The nomination should be treated as a confidential .

9. What is the format of the nomination?
The nomination should be made in triplicate in one of the applicable forms prescribed in the first schedule to the Rules.

10. Can a subscriber nominate more than one person?
Yes, but he should specify the share payable to each nominee so as to cover the entire amount standing to his credit.

Features of Tamil Nadu Teachers Provident Fund

Tamil Nadu Teachers Provident Fund (TN-TPF) is a retirement savings scheme for government teachers in Tamil Nadu.

The scheme is administered by the Tamil Nadu Government and offers a number of benefits, including:
** Contributions: The government and the employee contribute equally to the TN-TPF, up to a maximum of 10% of the employee’s basic salary.
** Interest: The TN-TPF earns interest at a rate of 8% per annum.
** Withdrawals: Employees can withdraw from the TN-TPF after completing 10 years of service. They can also withdraw earlier, but they will have to pay a penalty.
** Pension: On retirement, employees can choose to receive a pension from the TN-TPF. The pension amount is calculated based on the employee’s contributions and the number of years of service.