Additional Liability for increase in the rate of Family pension

I give an extract from the financial results for the quarter ending 30/9/2023 as published in the LIC web site:

"An additional contribution of Rs. 11,95,952.00 lakhs is estimated towards increase in family

pension due to amendment in UC (Employees) Pension Rules.out of which, the Corporation

has provided an additional liability of Rs. 2,67,915.00 lakhs during the quarter ended

30.09.2023 towards existing family pensioners. For remaining liability, the Corporation is

seeking approval for similar accounting treatment as mentioned in point no. 4 above".

Item 4 relates to OMOP where the additional contribution was amortized over 5 years.

C H Mahadevan