WAGE REVISION IN LIC - GAZETTE NOTIFICATION
PM
For Information:
LIC EMPLOYEES/OFFICERS WAGE REVISION-Gazette of India dt 14th January 2016.
MINISTRY OF FINANCE
(Department of Financial Services)
(INSURANCE DIVISION)
NOTIFICATION
*** *** ***
2. In the Life Insurance Corporation of India, Class I Officers (Revision of Terms and Conditions of
Service) Rules, 1985 (hereinafter referred to as the principal rules), for rule 4, the following rule shall
be substituted, namely :-
"4. Scales of Pay of Class I Officers.─
The scale of pay of the Class I Officers shall be as under :─
(1) (i) Zonal Managers (a) Ordinary Scale :
(ii) Chief Engineers/ Rs 89095-2685(8)-110575
Chief Architects (b) Selection Scale :
Rs 99835-2685(2)-105205-2880(1)-108085-
3150(1)-111235-3265(4)-124295
(2) (i) Deputy Zonal Managers/
Senior Divisional Managers Rs 79605-2300(3)-86505-2590(6)-102045
(ii) Deputy Chief Engineers/
Deputy Chief Architects
(3) (i) Divisional Managers
(ii) Superintending Engineers/ Rs 65805-2300(9)-86505
Senior Surveyors of Works/
Senior Architects
(4) (i) Assistant Divisional Managers/
Senior Branch Managers
(ii) Executive Engineers/ Rs 53725-1610(1)-55335-1745(6)-65805-
Surveyors of Works/ 2300(4)-75005
Deputy Senior Architects
(5) (i) Administrative Officers/
Branch Managers
(ii) Assistant Executive Engineers/ Rs 44065-1610(7)-55335-1745(6)-65805
Assistant Surveyors of Works/
Architects
(6) (i) Assistant Administrative Officers/
Assistant Branch Managers Rs 32795-1610(14)-55335-1745(4)-62315
*** *** *****
In rule 5 of the principal rules,─
(a) for sub-rule (1), the following sub-rule shall be substituted, namely:-
‘(1) The scale of dearness allowance applicable to Class I Officers shall be determined as
under:-
(a) Index : All India Average Consumer Price Index Number for Industrial Workers.
(b) Base : Index No.4708 in the series 1960=100.
*** *** ****
In the Life Insurance Corporation of India Class III and Class IV Employees (Revision of Terms and
Conditions of Service) Rules, 1985 (hereinafter referred to as the principal rules), in rule 4,─
(a) for sub-rule (1), the following sub-rule shall be substituted, namely:-
“(1) The scales of pay of Class III employees shall be as under.─
Higher Grade Assistants : Rs. 21655-1445(3)-25990-1610(15)-50140
Stenographers : Rs.18135-1030(4)-22255-1195(2)-24645-1455(3)-29010-
1510(2)-32030-1610(8)-44910
Assistants, Assistants
Appointed as Receiving
and Paying Cashiers : Rs. 14435-840(1)-15275-915(2)-17105-1030(5)-22255-
Projectionists and 1195(2)-24645-1455(3)-29010-1510(2)-32030-1610(5)-
Microprocessor Operators 40080
*** *** ***
Record Clerks : Rs. 13380-475(4)-15280-745(3)-17515-840(2)-19195-
850(6)-24295-915(6)-29785”; The scales of pay of Class-IV subordinate employees shall be as under.─
Drivers : Rs. 13380-600(6)-16980-620(1)-17600-745(12)-26540
Sepoys, Hamals Rs. 11660-475(5)-14035-505(8)-18075-600(1)-18675-
Head Peons, Liftmen 620(2)-19915-745(3)-22150
and Watchmen
Sweepers and Cleaners : Rs. 11060-475(5)-13435-505(8)-17475-600(6)-
21075
-Extracts of relevant part on scales of pay from Gazette of India dt 14t January 2016.
( licpensioners chronicle)
Mohan V.R
--
Visit our blog site http:://bankpensioner.blogspot.com
---
You received this message because you are subscribed to the Google Groups "bankpensioner" group.
To unsubscribe from this group and stop receiving emails from it, send an email to bankpensione...@googlegroups.com.
Visit this group at https://groups.google.com/group/bankpensioner.
For more options, visit https://groups.google.com/d/optout.
It is your ATTITUDE not your APTITUDE which determines your ALTITUDE in life.
Mohan.V.R.PLOT 95, FIRST FLOOR,
JAWAHARLAL NEHRU STREET,
ALWAR THIRU NAGAR, CHENNAI 600087
Landline 044-42817723 MOB No. 09444625963
PM
Comparison of latest wage settlement for officers in Banks and LIC of India
| S No | Comparative parameters | Banks | LIC of India | Difference |
| 1 | Notional Basic Pay as on 31-07-2012 | 100 | 100 | |
| 2 | D.A. merged with Basic Pay this time (AICPI) | 4440 | 4708 | |
| 3 | D.A. merged with Basic Pay last time (AICPI) | 2836 | 2944 | |
| 4 | Difference between (2) and (3) | 1604 | 1764 | |
| 5 | % of D.A. merged with D.A. this time | 60.15 | 66.15 | |
| 6 | Revised Basic Pay after D.A. merger | 160.15 | 166.15 | |
| 7 | Additional load made this time in Basic Pay | 2% | 14.49% | 12.49% |
| 8 | Revised Basic Pay after additional load | 163.45 | 190.23 | 16.38% |
| 9 | Minimum Basic Pay - Lowest Grade (Last time) | 14,500 | 17,240 | 18.90% |
| 10 | Maximum Basic Pay - Highest Grade (Last time) | 52,000 | 59,850 | 15.10% |
| 11 | Minimum Basic Pay - Lowest Grade (This time) | 23,700 | 32,795 | 38.38% |
| 12 | Maximum Basic Pay - Highest Grade (This time) | 85,000 | 1,24,295 | 46.23% |
| 13 | Gross Monthly Salary in Metros - Lowest | 38,703 | 48,800 | 26.09% |
| 14 | Gross Monthly Salary in Metros - Highest | 1,40,421 | 1,97,342 | 40.54% |
| 15 | Revised H.R.A. | 7%/8%/9% | 7%/8%/10% | |
| 16 | Revised C.C.A. | 3%/4% | 2%/2.5%/3% | |
| 17 | Medical Aid (Rs.) | 8,000/9,050 | 13,300/19,940 | |
perumal maruthu
From: PM <moha...@gmail.com>
To: bankpensioner <bankpe...@googlegroups.com>
Sent: Sunday, 24 January 2016 7:34 PM
Subject: bankpensioner Re: WAGE REVISION IN LIC - GAZETTE NOTIFICATION
Satish Bhatnagar
--
Sureshbhat M
--
perumal maruthu
uesday, January 19, 2016
Weightage on Wage Revision for Class I Officers
Based on the fitment chart contained in CO circular for implementation
of wage revision notification,I worked out the weightage after merger
of DA with pre-revised Basic Pay as at 1/8/2012.
The table giving cadre-wise percentages is attached.
There is generally a 15% weightage provided.
Greetings.
C H Mahadevan
|
Cadre
|
Weightage
at the Minimum of Scale (%)
|
Weightage
at the Maximum of Scale (%)
|
Remarks
|
|
AAO
|
14.5
|
15.0
|
Stagnation
increments fitted
|
|
AO
|
14.7
|
15.0
|
-do-
|
|
ADM
|
14.8
|
15.0
|
-do-
|
|
DM
|
14.9
|
15.0
|
Span
increased by two increments
|
|
SDM
|
15.0
|
15.1
|
Span
increased by two increments
|
|
ZM
|
15.0
|
15.1
|
Span
increased by three increments
|
|
ED
|
15.1
|
15.1
|
Span
increased by three increments
|
From: PM <moha...@gmail.com>
To: bankpensioner <bankpe...@googlegroups.com>
Sent: Sunday, 24 January 2016 7:34 PM
Subject: bankpensioner Re: WAGE REVISION IN LIC - GAZETTE NOTIFICATION
Higher Grade Assistants : Rs. 21655-1445(3)-25990-1610(15)- 50140Stenographers : Rs.18135-1030(4)-22255-1195(2) -24645-1455(3)-29010-
1510(2)-32030-1610(8)-44910Assistants, AssistantsAppointed as Receiving
and Paying Cashiers : Rs. 14435-840(1)-15275-915(2)- 17105-1030(5)-22255-Projectionists and 1195(2)-24645-1455(3)-29010- 1510(2)-32030-1610(5)-
Microprocessor Operators 40080*** *** ***Record Clerks : Rs. 13380-475(4)-15280-745(3)- 17515-840(2)-19195-850(6)-24295-915(6)-29785”; The scales of pay of Class-IV subordinate employees shall be as under.─
Drivers : Rs. 13380-600(6)-16980-620(1)- 17600-745(12)-26540Sepoys, Hamals Rs. 11660-475(5)-14035-505(8)- 18075-600(1)-18675-
Head Peons, Liftmen 620(2)-19915-745(3)-22150and WatchmenSweepers and Cleaners : Rs. 11060-475(5)-13435-505(8)- 17475-600(6)-21075-Extracts of relevant part on scales of pay from Gazette of India dt 14t January 2016.( licpensioners chronicle)
