ISLAMABAD: The Prime Minister of Pakistan has approved enhancement in the amount of marriage grant from Rs. 50,000 to Rs. 100,000 for one orphan daughter of Federal Government employees, who die after retirement. Necessary amendment in the FEB & GIF Rules, 1972 is being made. Recently, the Board of trustees doubled the amount of monthly Benevolent Grant for the families of those employees who die during service in a security related incident. Besides, Special Lump sum Grant ranging from Rs. 200,000 to Rs. 500,000 (grade wise) has been approved other than amount of Sum Assured, i.e. up to maximum of 1 million rupees paid on during service death of an employee.
The FEB & GIF is a self contributory group scheme recouped by nominal contributions from the employees, covered under the FEBF & GI, Act 1969. The basic function of the Funds as mentioned in the permeable of the Act 1969 is to provide financial assistance in the form of Benevolent Grant, Sum Assured and Burial charges to the bereaved families of the deceased Federal Government employees and a Lump Sum amount and Monthly Benevolent Grant to an incapacitated employee. The Board of Trustees continually reviews its policies and benefits provided to the Federal Government employees keeping in view the financial resources of the Funds.
Presently, other than the above mentioned core benefits, the Funds are providing additional benefits under its welfare schemes including marriage grant of Rs. 50,000 to one child, irrespective of gender to serving/retired Federal Government employee and families of deceased employees, educational stipends ranging from Rs. 20,000 to Rs. 40,000 to maximum two children in a financial year, reimbursement of semester/annual fee to the children of Federal Government employees upto a maximum of Rs. 100,000 per annum and farewell grant equal to the last pay drawn by the employee on his retirement after at least 20 years’ service against nominal subscriptions.
The scheme of Federal Employees Benevolent and Group Insurance Funds was launched through the promulgation of the Federal Employees Benevolent Fund and Group Insurance Act, 1969. Under Section 2(4) of FEBF & GI Act, 1969 the scheme covers employees of the Federal Government, the Parliament, the Supreme Court of Pakistan and the Election Commission of Pakistan. This Fund is governed by a Board of Trustees chaired by Secretary Establishment Division.