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Saturday, 7 August 2021

DOWN GRADATION OF MINMUM PENSION IN LIC

Further to my earlier,on a further analysis,I found that the the pay slabs for determining the rate of family pension have been increased by 34.9% over pre-revised pay levels,but the minimum gross  minimum pension on revised basis is less by 1.6% than the corresponding  pre-revised gross pension as at 31/8/2021.
May be this anomaly will disappear if the percentage is increased to 30% of last pay for the higher bracket family pensioners.But the anomaly will continue in respect of minimum pensioners who are already drawing 30% of last pay of the deceased employee.
Most of the family pensioners at minimum pension will be in Class III & IV cadre and it will be in injustice if minimum pension is fixed at low levels
C H Mahadevan

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