FAMILY PENSION- Defination of Pay & Minimum Pension

Excerpts from LIC Circular

Ref: CO/OS/Uniform family pension  dated 21.09.2023

"For the purpose of this amendment 'pay' is defined in Rule 2 (o) of LIC (Employees) Pension Rules,1995 which will include:

i) The basic pay including the stagnation increments if any, and

ii) All allowances counted for the purpose of making contribution to the Provident Fund and 

for the payment of dearness allowance.

and 

iii) Fixed personal allowance not exceeding the last increment in the scale of pay, if any.

Further it is mentioned in the notification that the amount of family pension shall not be less than the amount of minimum family pension determined by the Board from time to time. 

The amount of minimum family pension is given below :

1.    Retirement/Death 

2.

(a)   Scale of pay 

        Minimum

(b)   Scale of pay 

        Minimum 

(c)   Scale of pay 

         Minimum

(A)

Before 01.11.1993 

Upto 1500/-          375 

1501-/to 3000/-   450 

Above 3000/-       600

(B)

01.11.1993 to 31.07.1997 

Upto 2870/-           720 

2871/- to 5740/-   860 

Above 5740/-      1150

(C)

01.08.1997 to 31.07.2002

Upto 4360/-          1100 

4361/- to 8700/-  1310 

Above 8700/-       1740

(D)

01.08.2002 to 31.07.2007

Upto 5840/-           1480 

5841/-to 11640/-  1760 

Above 11640/-      2330

(E)

01.08.2007 to 31.07.2012 

Upto 7390/-           1880 

7391/- to 14720/- 2230 

Above 14720/-      2950

(F)

01.08.2012 to 31.07.2017

Upto 11820/-           3010 

11821/- to 23540/- 3570 Above 23540/-        4720

(G)

From 01.08.2017 

Upto 15950/-           4070 

15951/- to 31760/- 4820 Above 31760/-        6370"