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Thursday, November 12, 2015

RETIREES MAY INCUR LOSS


Sir,
 
As per SN Sir observations Last 10 months basic FPA and components eligible for pension components are to be taken but in recent wage revision I.B.A. has given clarification to add D.A. also. Let us hope L I C also will give in the same guidelines other wise Officers who retired between 08/12 to 4/13 incur heavy loss. Enclosing bank circular for information. CLICK HERE

Many officers are getting doubt regarding Gratuity payment ceiling as 10 Lakhs. For clarification I am enclosing circular issued by AIIBA which is applicable in L.I.C. also. CLICK HERE

K.Madan Mohan Rao