Fund Name: “Canara Bank Employees’ Union Golden Jubilee Family Welfare Scheme” – a unit of Canara Bank Employees Union
History
The Golden Jubilee Family Welfare Scheme was launched at Thiruvananthapuram on December 18, 2002 by the then General Secretary of Canara Bank Employees’ Union Com A. N. Balasubramanian, as per the decision taken at the 21st Conference held at Chennai from 5th to 8th January 2002.
The Rules and Regulations for the Scheme were formulated by the Central Committee held at Goa on 29th and 30th June 2002. The seeds for such a glorious Scheme were sown in the soil of Kerala very much earlier and crystallised with comrades from Delhi providing actuarial inputs.
The CBEU Golden Jubilee Scheme Scheme was launched with a humble refundable contribution of Rs. 50/- per month per member and was initially providing a lumpsum relief of Rs. 30,000/- to the nominee of a deceased member. Throughout the years, the lumpsum relief has been enhanced to the present level of Rs. 1,50,000/-. The Scheme also gives monthly pension of up to Rs. 1500/- to such eligible nominees.
Objectives
- To provide financial assistance to the Family/Dependents of the deceased member of the Scheme in times of distress and need and to work for the social, cultural and moral welfare of the members.
- To raise and acquire such money or moneys by subscription or donations from members or other persons as may be determined necessary for the furtherance of the objects of the Scheme.
- To give financial aid or loans to members.
- To adopt any measures or proposals or take steps as may be determined from time to time for the welfare of the members of the Scheme.
Salient Features
- Admission Fee – Rs. 25/-
- Monthly Subscription – Rs. 200/- per member (Same for HKP/ Sub Staff)
- Subscription is fully refundable at the time of exit from the bank.
- In the event of death of member, nominee will be paid Rs.1, 50,000/- as lump sum relief.
- If the deceased member has paid 12 months of subscription without break, nominee shall get Rs. 1500/- per month as pension. And, a bonus pension of Rs. 1500/- during festive season in a year pertaining to the state. Such pension shall be paid for 15 years or till the deceased employee would have notionally attained the age of 60 years, whichever is earlier.
- Discontinuation/ Arrears of subscription for more than 6 months will result in forfeiture of benefits. Hence default should be avoided. Please keep a watch on the affairs of your sick colleagues who may incur loss of pay. Their membership must be kept alive by remitting the subscription manually by way of DD favouring the scheme, drawn on Trivandrum.
- Please log on to www.cbeugjfws.co.in to verify your membership account.
- Do join this noble task. The scheme is performing a noble task. Till date about 600 families of our deceased colleagues have received benefits from the scheme. As on date, around 450 families are receiving pension from the scheme.
By simply joining the Scheme, we are taking part in a noble task of helping the needy families of our deceased colleagues. Kindly enrol yourself and be part of this noble task. In fact, you are not losing anything as the entire contribution is refundable.
We salute all the members of the CBEU Golden Jubilee Family Welfare Scheme, who have joined in a noble task of extending a helping hand to the families of our deceased colleagues.
Membership Enrollment Procedure
There are two forms:
Authority letter should be forwarded by branch in-charge to HRM.
One copy of each form to be sent to HRM section and another copy to be sent to the CBEU Golden Jubilee Family Welfare Scheme at the address given on the forms.
For more details about please visit: www.cbeugjfws.co.in
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