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Tuesday, 15 September 2015

LIC NEWS :Developments on Wage Revision of LIC Employees-

Recommendations-
1. 18% Wage Hike across d board on the wage bill of 08.2012
2. 65% DA neutalisation as on 08.2012
3. New DA rate 0.10%
4. 15% HRA
5. 270 Days PL encashment
6. 20 Litre to 50 Litre Petrol Expenses Reimbursement
7. 100 Kms Transfer
8. Biometric Log in
9. 2nd & 4th Saturday Holiday
10. 1 hour extension of Cash Hours.
These recommendations are approved by Insurance Secretary & Waiting for the approval of Finance Minister.
Unions will be called for negotiations in last week of September.

NOTE: DA IS 66.15 %  AS ON 01.08.2012  ON 441 POINTS AT AICPI 4708