PENSION FUND SCHEDULE IN LIC ANNUAL REPORT OF 2025-26

Please see attachment

C H Mahadevan

PENSION FUND SCHEDULE IN LIC ANNUAL REPORT OF 2025-26

TABLE SHOWING CHANGES IN PRESENT VALUE OF DEFINED BENEFIT OBLIGATIONS                                                                    ( Amt in Rs Crores)
As at->	31-03-2025	31-03-2026
Present Value of Obligations as at the beginning of the year	122561.60	128717.94
Acquisition Adjustment
Interest Cost	9498.52	9975.64
Past Service Cost
Current Service Cost	5026.93	5812.3
Curtailment cost/(credit)
Settlement cost/(credit)
Benefits Paid	-10156.66	-10770.34
Actuarial (gain)/loss	1787.55	2111.02
Present Value of Obligations as at the end of the year	128717.94	135846.56

Note:

1. Present value of obligations is the total amount in the Pension Fund.

2. Interest cost is the interest earned on the Pension Fund.

3. Current Service Cost is the Additional Contribution made to the Pension Fund.

4. Benefits paid are the total amount of Commutation Value and Purchase Price paid for immediate annuities to the P & GS dept of LIC for paying pension to retirees and family pensioners.

5. Actuarial (gain)/loss is the quantum of (financial gain)/financial loss depending on the actual experience compared to actuarial assumptions of mortality, interest and expenses.

6. The expected average remaining working lives of Employees(years)(weighted by basic salary) was 5.64 for the year ending 31/3/2026 compared to 6.07 in the previous year. This means that more than half of the 55695 pension optees in service would have retired by 31/3/2032.The result will be a corresponding reduction in the financial burden of contributions to the Pension Fund except for increased contributions arising out of wage revisions for pension optees continuing in service after the wage revision.

7. The total contributions to the Pension Fund (Regular + Additional Contribution) were Rs 6921.17 Cr 

8. Thus, Regular Contributions constitute 14% while the Additional Contribution constitutes 86% to the Pension Fund.