Finalization of GP Fund Cases – Preparation Yearly GP Fund Statements dt 27.03.2006
OFFICE MEMORANDUM
Subject: Finalization of GP Fund Cases
Kindly refer to your letter No.Fund-Coord/CD/442-43-44-45 dated 13.2.2006 on the subject noted above
2. The matter has been examined in the Finance Department. It is observed that the perception of the A.G. Punjab is not consistent with the provisions of Law & Rules on the subject. It may be appreciated that preparation of service statements, history of service and issuance of manual G.P Fund balance slips are the enjoined functions of your office, Including the District Accounts Offices, therefore, these aspects cannot be shifted to the shoulders of the subscribers, who have the right to have G.P. Fund balances on yearly basis through statements issued by these offices.
Such statements also indicate the missing credit, if any. In this regard. Section 19(1) & (2) of the Punjab Civil Servants Act 1974, refers. Similar requirements are also provided in the GP Fund Rules.
3. As to the grant of up to date interest in the instant case, Finance Department would suggest that in the first instance, it may be established if the delay in the finalization of the case, within six months of the retirement of the subscriber, was on account of his own fault, or that of the concerned audit office. Only in case of the latter, event up to date interest may have to be considered while the defaulting officers/officials shall liable to be proceeded against for their lapses.
