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Thursday, October 29, 2015

Qualifying service


Presumably Mr Nair was born in October 1953. As per Rules 14, 15, 16 &19 of LIC Pension Rules, his qualifying service will be 23 years. To determine whether he  was eligible  for addition to qualifying service  in special circumstances under Rule 27, the eligibility conditions for his appointment are required.
Greetings.

C H Mahadevan

Second opinion by SN
 
Shri S. Narayanan Nair retired after reaching superannuation age at 60 on 31-10-2013.
Shri Nair has joined service in LIC on 02-02-1991. His date of birth may be any date (excepting first) in October, 1953 (Retired in October, 2013 minus 60 years of age). He joined service at the age of 37 years 4 months. He has thus rendered service of 22 years and 8 months in LIC.
 

Based on the available data, the QFS (qualifying service reckoned for pension) of Shri Nair is 23 years.
 

As he was 60 at the time of retirement, he is not eligible for Additional qualifying service of 5 years - maximum. He is (unfortunately- as per extant LIC Pension Rules) is not qualified / eligible for full pension.

QFS is calculated as provided and subject to several conditions enumerated in Chapter IV of the LIC Employees ( Pension ) Rules, 1995. Shri Nair may please go through the text / Rules. Easily accessible, available on LIC PC. Just a click on the required 'Pages' on the right side bar of PC.
 

Shri SNN is at liberty to correct SN.