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Friday, November 13, 2015

Pension anomaly


SN Sir/Mr. KMM Rao/Mr. Vijayaprasad,

It is already there in the LIC and GIC pension rules. ‘Proviso’ to the 
definition of ‘pay’ in the Pension rules, states as under: 

“Provided that for the purpose of calculating average emoluments as
defined under sub-clause (d) of Rule (2) in respect of employees whose
10 months ‘ period before retirement falls partly under pre-revised pay
scales and partly under the revised pay scales, the pay for the period
for which they have drawn pay as per pre-revised scales may be updated
by including the DA actually drawn by them or the DA upto the AICPI to
which the revised basic pay is pegged, whichever is less.”

Sudhakaran