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Monday 31 July 2023

100% DR NEUTRALIZATION FOR LIC GROUP I & II - DR CALCULATIO FACTOR IF APPROVED BY DFS ON LIC BOARD RECOMMENDATIONS AS DONE BY IBA FOR BANKS PENSIONERS

How to get 100% neutralization benefits on this revision
      Calculate urself with an
        easy method below :-

         The simple method  of  calculation  if DA is as under and treat it as multiplying factor for DA
Just multiply it to your basic pension and it will be your new DA after  100 pc DA neutralization. 

             Retirees of Group I
           (1.1.86 to 31.792 /31.04.1993 Class I & II) 
                   With  factor(0.0067×2026)=
                      *13.5742*  

            Retirees of GROUP II
            (01.08.1992/01.04.1993 Cl I & II to 31.3.1997) 
                     With factor (.0035×1889)=
                       *6.6115*
        
     For total pension, you may add  your present basic pension n u will get  the same.
FACTOR
 =DR rate x Number of slabs as on 01.02.2023 

R K SAHNI 

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