COMPARISON OF PERCENTAGE OF MEDICLAIM PREMIUM 2022-23 TO ANNUAL GROSS MONTHLY PENSION FOR CATEGORY I OFFICERS FOR VARIOUS PERIODS OF RETIREMENT

By  Shri  C H Mahadevan  GROSS MONTHLY PENSION OF RETIRED CLASS I OFFICERS (CATEGORY I) AS AT MARCH 2022 ON MAXIMUM OF SCALE (ON COMPARABLE SPANS) (in Rs)
Cadre	Group 1	Group 2	Group 3	Group 4	Group 5	Group 6	Group 7
AAO	26811	28242	33184	38251	48707	58639	70279
AO	27512	29409	34889	40299	51423	61923	74223
ADM	28941	31896	38474	45056	58586	70581	84632
DM	29749	33165	40604	47434	62167	74909	89836
SDM	31367	35703	44984	52329	69554	83839	100572
ZM	32984	38748	50193	58073	77910	93946	112730
ED	34197	42174	55875	64036	86774	104673	125633
ANNUAL PREMIUM PAYABLE AFTER SUBSIDY FOR 2022-23 FOR SUM INSURED OF Rs 50 Lks( in Rs)
Cadre	Group 1 (Age above 76)	Group 2 (Age above 76)	Group 3 (Age above 76)	Group 4 (Age above 76)	Group 5 (Age 71-75)	Group 6 (Age 66-70)	Group 7 (Age 60-65)
AAO	27583.75	27583.75	27583.75	27583.75	21266.50	19755.50	15038.25
AO	27583.75	27583.75	27583.75	27583.75	21266.50	19755.50	15038.25
ADM	27583.75	27583.75	27583.75	27583.75	21266.50	19755.50	15038.25
DM	27583.75	27583.75	27583.75	27583.75	21266.50	19755.50	15038.25
SDM	27583.75	27583.75	27583.75	27583.75	21266.50	19755.50	15038.25
ZM	27583.75	27583.75	27583.75	27583.75	21266.50	19755.50	15038.25
ED	27583.75	27583.75	27583.75	27583.75	21266.50	19755.50	15038.25
PERCENTAGE OF PREMIUM PAYABLE TO TOTAL GROSS ANNUAL PENSION BASED ON MARCH 2022 PENSION
Cadre	Group 1 (Age above 76)	Group 2 (Age above 76)	Group 3 (Age above 76)	Group 4 (Age above 76)	Group 5 (Age 71-75)	Group 6 (Age 66-70)	Group 7 (Age 60-65)
AAO	8.57	8.14	6.93	6.01	3.64	2.81	1.78
AO	8.36	7.82	6.59	5.70	3.45	2.66	1.69
ADM	7.94	7.21	5.97	5.10	3.02	2.33	1.48
DM	7.73	6.93	5.66	4.85	2.85	2.20	1.39
SDM	7.33	6.44	5.11	4.39	2.55	1.96	1.25
ZM	6.97	5.93	4.58	3.96	2.27	1.75	1.11
ED	6.72	5.45	4.11	3.59	2.04	1.57	1.00

COMPARISON OF PERCENTAGE OF MEDICLAIM PREMIUM 2022-23 TO ANNUAL GROSS MONTHLY PENSION FOR CATEGORY I OFFICERS FOR VARIOUS PERIODS OF RETIREMENT

Note:

The last three groups of retirees may not be strictly comparable with the first four groups and if the percentages are notionally adjusted for age above 76 yrs, the percentage may marginally increase, but it does not alter the pattern.

 

Legend:

Group 1 : Officers retired between 1/1/1986 and 31/3/1993

Group 2 : Officers retired between 1/4/1993  and 31/7/1997

Group 3: Officers retired between 1/8/1997 and 31/7/2002

Group 4: Officers retired between 1/8/2002 and 31/7/2007

Group 5: Officers retired between 1/8/2007 and 31/7/2012

Group 6: Officers retired between 1/8/2012 and 31/7/2017

Group 7: Officers retired between 1/8/2017 and 31/7/2022

Conclusions:

·       For the same Mediclaim cover, the retiree officers of the earlier generation of retirees end up paying more percentage of their pension as premium than the later generations;

·       In other words, by retaining the Mediclaim category across various slabs of basic salary, a notional upgradation has been provided to the retiree officers after each wage revision involving no additional financial liability for the Corporation.

·       As a result, there is a hidden loss in monthly pension on account of payment of higher percentage of lower quantum of pension received by the earlier generation of retirees.

·       This kind of disparity has created a consequential anomaly on account of non-upgradation of pension with every wage revision.