SIR,
I M A LICIAN PRESENTLY SERVING IN AHMEDABAD DIVISION AS ASSISTANT. MY QUERY REGARDING LIC PENSION IS
I JOINED LIC AT THE AGE OF 37 YRS UNDER XSM CATEGORY. I WILL BE RETIRING IN YR 2018 WITH 23 YRS OF SERVICE. AS PER LIC PENSION
RULES PARA 27 (C), AM I ELIGIBLE FOR 5 YRS WEIGHTAGE
AS I WAS GIVEN AGE RELAXATION AT THE TIME OF RECRUITMENT ?
I HAVE JUST JOINED UR BLOG AS A FOLLOWER. GOOD AND INFORMATIVE BLOG.I SUGGEST U TO OPEN CHATROLL ON THE BLOG.
THANKING U.
JUSTIN
jnchristian2003@yahoo.com
jnchristian2003@yahoo.com
LIC PENSION RULES
27. Addition to qualifying service in special circumstances - An employee shall be eligible to add to his service qualifying for superannuation pension (but not for any other class of pension) the actual period not exceeding one-fourth of the length of his service or the actual period by which his age at the time of recruitment exceeded twenty-eight years, or a period of five years, whichever is less, if the
service or post to which the employee is appointed is one -
(a) for which post-graduate research, or specialist qualification or experience in scientific, technological or professional fields is essential; and
(b) to which candidates of more than twenty-eight years of age are normally recruited; and
(c) for which the candidate was given age relaxation over and above the maximum age limit fixed by the Corporation on account of his possessing higher qualifications or experience:
Provided that this concession shall not be admissible to an employee unless his actual qualifying service at the time he quits the service in the Corporation is not less than ten years:
Provided further that this concession shall be admissible only if the recruitment rules in respect of thesaid service or post contain a specific provision that the service or post is one which carries the benefit of this rule.