VARIOUS WELFARE MEASURES FOR OUR MEMBERS

Benefit After Retirement

S.No. / Various Welfare Measures / Action by / Amount Rs./Remarks
1. / C.P.F./C.C.F. / MECON / As accumulated
2. / Gratuity / MECON / Limited to Rs.350000/-
3 / Return from GSLIS / MECON / Deposited @ Rs.65 per month + interest
4. / EL encashment / MECON / 240 days max.
5. / HPL encashment / MECON / 240 days max.
6. / Medical Reimbursement / MECON / Members will be paid Rs.2400/- annually(Financial Year)
7. / TA for settlement Limited to home town / MECON / The benefit of Transfer TA (except transfer grant) will be given for entitled family members only.
Natural Death
1. / Group Term Insurance Scheme (LIC) / MECON / Rs. 100000/- or 24 month salary whichever is less.
2. / Group Superannuation Link Insurance scheme (GSLIS) @ Rs.100 per month through LIC / Self through MECON / Rs.100000/- + (65% of contribution amount with interest thereon)
3. / Death Benefit Scheme(DBS) / Contribution by all employees (MECON) @ Rs.20/- per employee / Rs. 31000/(approx)
4. / Employees Family Benefit Scheme / MECON / 115% of last Basic pay drawn of deceased employees (Optional)
5. / P.F. / MECON / As accumulated
6. / Gratuity / MECON / Limited to Rs. 350000/-.
7. / EL encashment / MECON / 240 days max.
8. / HPL encashment / MECON / 240 days max.
9. / TA for settlement / MECON / The benefit of Transfer TA (except transfer grant) will be given for family members only.
10. / Benevolent Scheme / MEA / Rs. 50000/-.
Death Due To Accident
1. / Group Insurance Scheme / MECON / Rs. 100000/- for Sr. Mgr & above, Rs. 50000/- for Mgr & below.
2. / Group Term Insurance Scheme (LIC) / MECON / Rs. 100000/- or 24 months salary whichever is less.
3. / Group Superannuation Link Insurance scheme (GSLIS) @ Rs.100 per month through LIC / Self through MECON / Rs.100000/- + (65% of contribution amount with interest thereon)
4. / Death Benefit Scheme(DBS) / Contribution by all employees (MECON) @ Rs.20/- per employee / Rs. 31000/(approx)
5. / Employees Family Benefit Scheme / MECON / Widow will continue to draw last salary drawn by deceased employee in lieu of PF & Gratuity(Optional)
6. / P.F. / MECON / As accumulated
7. / Gratuity / MECON / Limited to Rs. 350000/-.
8. / EL encashment / MECON / 240 days max.
9. / HPL encashment / MECON / 240 days max.
10. / TA for settlement of family / MECON / The benefit of Transfer TA (except transfer grant) will be given on certificate basis for entitled family members only.
11. / Group Insurance Scheme (GIC) / MEA / Rs.250,000/-
12 / Benevolent Scheme / MEA / Rs. 50000/-.