<h1>Govt Simplifies CGEGIS Payouts: Retiring Employees to Get Savings Without Monthly Confirmation Delays, Effective March 17, 2017.</h1> The Union Government has streamlined the payment process for the Savings Fund under the Central Government Employee Group Insurance Scheme (CGEGIS). Now, retiring employees will receive their accumulated savings without waiting for confirmation of each monthly subscription deduction. This decision, effective from March 17, 2017, aims to prevent delays and ensure timely payments, including interest, upon retirement. The change simplifies the procedure, benefiting employees by ensuring they receive their dues promptly. The CGEGIS, established in 1980, provides for the payment of savings and interest to employees upon retirement or to their families in the event of death during service.