Welfare Fund Manual-2012 - Central Industrial Security Force

(ii) Lumpsum grant to Invalidation for 51 - 80% is Rs.3,25,000/- w.e.f 16.5.12.
(iii) Lumpsum grant to Invalidation upto 50% is Rs.2,00,000/- w.e.f 16.5.12.
Personnel retiring from service / dismissed / discharged / removed from service etc.
Refund of Saving Elements of contributions with compound interest as decided by the
competent authority will be refunded to the members on leaving the scheme.
Note:-
(i) The beneficiaries of the Risk Premia Fund scheme (applicable from June 1, 1986
and subsequently modified w.e.f. Sept.,1989) will be given subscriptions with 25-55% bonus
on the last balance and the Saving Elements of contributions will also be refunded to the
beneficiaries. All CISF personnel should be member of RS Fund scheme. In case, the
individual wants to a member of the fund on re-instatement it can be done retrospective,
otherwise he may be enrolled a fresh member of the Fund so that he is covered by benefits of
RS Fund.
(ii) The saving elements has been merged in lumpsum amount of Rs.5,00,000/- w.e.f.
01.03.2010 in case of death, missing and invalidation.
b) THE RELIEF UNDER THE revised scheme will ACCRUE ONLY TO THOSE cases
of death, invalidation and leaving the Force for any reason after the introduction of the
scheme, WHO MAKE AT LEAST ONE PAYMENT TOWARDS THE REVISED SCHEME. All
cases of retirement or leaving the force on any ground occurring till the introduction of revised
scheme will be governed by the provisions of the existing RMS 1997.
7. DISQUALIFICATION
A MEMBER STANDS DISQUALIFIED from the membership of the Fund, if he
FAILS TO PAY THE SUBSCRIPTIONS REGULARLY.
A member who could not pay his subscriptions for any reason may be allowed to
pay the same within a period of six months in one lumpsum together with a penalty of
Rs. 5/- per instalment per quarter. This permission may be granted by the Unit Comdt.
keeping in view the circumstances under which the contributions could not be paid
regularly. This permission may be accorded only after ensuring that the member
concerned was alive on the date of payment of the arrears. In no case, this facility may
be used to give benefits of the Scheme to the dependents of the individual who might
have died during the pendency of the disqualification for non-payment of subscriptions
regularly. Similarly, this may not be utilised for granting benefits to the members who
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