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Wednesday, November 11, 2015

Family pension


Further to my calculations on a family pension 
illustration, I give below the  calculations of 
revised family pension  for the same family 
pensioner:

Existing Basic Family Pension
1531
DR upto 1/8/1997
793
Revised Basic Family Pension  from June 2013
2324
DR on revised FP upto 1/8/2015
5554
Total Revised Family Pension as at 1/8/2015
7878

THIS WORKS OUT TO LESS THAN THE EXISTING FAMILY PENSION OF 7891.
THIS CLEARLY DEMONSTRATES THE ANOMALY IN PENSION REVISION FOLLOWED BY LIC FOR PRE-AUGUST 1997 RETIREES.
I WONDER WHETHER ANY FAMILY PENSIONER OF DECEASED PRE-AUGUST 1997 RETIREES WAS PAID INTERIM RELIEF BY LIC OR WILL BE PAID AS PER THE METHOD FOLLOWED BY THEM.

GREETINGS
CH MAHADEVAN