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Friday, 6 May 2016

A WORD OF CAUTION-40% IR CALCULATION


Dear All LIC Pensioners Friends,
With respect to the above , I would like to clarify that though I had uploaded two examples of calculation of IR as per para 3 A of Appendix IV of LIC (Employees) Pension Rules,1995 as it was made applicable to post 8/97 retirees, it is not certain that LIC follows the same.
It is quite likely that LIC adopts the same OLD method of BOARD RESOLUTION by merging the DR AS ON 01.08.1997 with the existing basic pension to arrive at the revised basic pension & new DR per slab @ 0.23%..
We should be prepared for that and in this connection please go through the
Letter written to LIC Chairman that appeared in Eastern News May, 2016.
Greetings.
with regards,
R K Sahni
DM (Retired) LIC
278 SECTOR 5,
Urban Estate,
Kurukshetra 136118
Mobile: 09416137078
Land line: 01744-230406/706
Blog:
"PENSIONERS VOICE & SOUND"
www.rksahni.blogspot.in

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