LIC GROUP MEDICLAIM SCHEME GUIDE

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Friday, 5 February 2016

THE VOICE OF FORCE FW ERI BOI



THE VOICE OF FORCE


Posted: 03 Feb 2016 04:11 PM PST
1.Applicable to all pre-1/7/2014 retirees.


.2. Effective date : Wef 1/7/2014



.3. It is a direct executive order from MOD to PDAs(Banks) for payment without waiting for Draupadi's circular of  PCDA(pensions) . Means ,payment will be effected before 28 Feb 2016 (being the last pension/salary payment month in this fiscal year).



.4. Family pensioners , gallantary award winners and special pension category will get their arrears in one instalment and hopefully with Feb pension.

.5.Arrears for others would be in 4 Equal , six monthly instalments (could be in Feb , Aug  this year and Feb 2017  and Aug 2017).



More specific details after detailed analyses.



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OROP Arrear calculation  Made simple




.1. Take your  basic from  OROP table published to day by MOD. Let it be  =X


>
.2. Take your current basic (which is wef 24/12/2012).Let it be =Y

.3. Take the difference of X- Y above and  let it be ="Q"

.4. Your  Total arrears of OROP wef 1/7/2014 to 31/1/2016= Q x  40.58 (amount Q multiplied by 40.58). The result could be  with a deviation of  Less than Rs 100/- in total due to certain approximations
Note : multiply  with 40.58 , the difference of  OROP table amount with what is your current basic  .


Editor's Note:


I NOW FIGURE how YOU HAVE ARRIVED THE AVERAGE DA RATE FROM 
01.07.2014 TO 31.01.2016 ie for 19 months as under:-
01.07.2014 to 31.12.2014=107x6=642
01.01.2015 to 30.05.2015=113x6=678
01.07.2015 to 31.12.2015=119x6=714
01.01.2016                       =125x1=125
total                                   =2159
average DA rate Per month=2159/19=113.631579
basic + da =100+113.631579=213.631579 if basic pay = 100.
hence arrears for 19 months = [basic pay diff+ da]= Qx19x213.631579/100=Qx40.59.
very nice Mr. M B Chandran Menon

r k sahni