-
AOCEF scheme for permanently
commissioned officers of the regular Army was instituted on 01 Oct
1959 on a voluntary basis.
-
On 01 Oct 64 similar
fund was instituted for EC and SS Officers of the regular Army.
On 01 Jan 74 both these funds were amalgamated and all Army Officers
incl EC and SS Officers became members of the Scheme.
-
Army Postal Service
Officers (Temporary Commissioned Officers) were permitted to become
members wef 01 Jan 79.
-
Presently all regular,
SS, SL, RC & APS Officers are members of the AOCEF.
-
Upto 31 Dec 1996 the
rate of subscription was Rs 5/- pm and the officers were getting
Rs 25/- pm as scholarship for their children between the age of
10 and 18 years i.e. for 8 years for maximum of two children with
no limit for handicapped children.
-
The subscription and
scholarship amounts were raised to Rs 10/- pm and Rs 50/- pm respectively
since 01 Jan 1997.
-
AOCEF scheme was
further revised with effect from 01 Apr 03. The subscription has been revised
to RS 50/- pm and One Time Education Grant of Rs 15,000/- is being paid to the
officers on attaining 18 years of age by their wards between 01 Apr 2003
and 31 Mar 2008.
-
One Time Education Grant has been raised from Rs 15,000/- to 18,000/- with effect from
01 Apr 2008 for the wards of Officers completing 18 years of age on or after 01 Apr 2008 without any change in subscription
rate.
-
Officers, whose wards
complete 28 years before receipt of their applications in AOCEF are not considered for AOCEF
benefits.
-
The benefits are applicable
to a maximum of two children and extended to third child only if
handicapped.
-
Officers proceeding on
retirement/ release before completion of 26 years of commissioned
service are required to forward appendices
Appendices
'A'
& 'B'
and pay balance
subscription to complete 26 years of subscription in one lump-sum
before proceeding on retirement.
-
Officers who do not
submit the above option certificate and do not pay the balance of
subscription to complete 26 years before proceeding on retirement
will not be eligible to avail the benefits under the scheme. The
option certificate and the balance of subscription will not be
accepted after retirement.
