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Sub No.7:- Proposals to extend “Death Cum Retirement Benefit Fund” to the
Members of the Society.

File No.EB02/50/TTDECS/2023

The subject proposals of introducing “Death cum Retirement Benefit Fund” to
the members of the society was placed before Board, wherein it was resolved in its
Res.No.567, dt.21.01.2023 to incorporate Death-Cum-Retirement Benefit Fund
proposal in society Bye-Laws to be taken to next General Body meeting (i.e.
proposed G.B meeting on 19.5.2023).

The key points of the proposed scheme of “Death-Cum-Retirement Benefit
Fund” are

a) Premium received Rs.200/- per month
b) Interest paid to the premium 4% p.a.
c) If death covered sum assured Rs.1.00 lakh to the member.
d) If premium crossed above sum assured Rs.1.00 lakh at the time of death /
Retirement of the member, the total cumulative amount with Interest will be
paid to the member.

Whereas, the President of the society instructed to contact the TTD Accounts
Department, for finalization of the said Scheme duly preparing a valid statement
without loss to the society. After contacting with the TTD Accounts Department, a
statement was prepared as detailed annexure enclosed in next page. Then, once
again the subject was placed before the Board of Directors, wherein it was resolved
vide Res.No.600, dt.29.4.2023, to include the subject in the draft Society Byelaws
under Welfare activities to Members. Accordingly, the comprehensive Society
Byelaws was placed before the General Body meeting held on 19.5.2023, wherein
rest of the proposed society byelaws were approved by the G.B except the proposed
DCRB Fund stating that the said scheme will be examined in the next G.B meeting to
be held later.

Now, as per APCS Act and Byelaws of the society, G.B has to be conducted
twice in a financial year. One G.B was held on 19.5.2023 and another G.B has to be
conducted before 31.3.2023.

As such, the subject of proposed “Death-Cum-Retirement Benefit Fund”
scheme is once again placed before the Board of Directors, for examining the same
and for taking a decision for taking the above subject to General Body as it was
deferred during last G.B meeting.

Hence, the subject is placed before the General Body meeting for taking a
decision.

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