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Wednesday, November 13, 2013

CH MAHADEVAN




FAMILY PENSION - APPENDIX V FOR VARIOUS PERIODS OF RETIREMENTS


(a)  Class I Officers ,Class III & IV  employees retired  before 1/8/1987 and Class II Officers retired before 1/4/1988 –CPI 332

Minimum in Slabs of Scale of Pay(rs)
Maximum in Slabs of Scale of Pay(Rs)
Basic family  pension % of Pay
Minimum Family Pension (Rs)
Maximum  Family Pension(Rs)
Remarks

663
30%
100
166
The basic family pension so arrived at should be updated adding to such family pension the Dearness Relief at CPI 600 as per chart (Annexure 21) for updating basic pension  and the additional family pension arrived at by applying the chart(Annexure 22) for updating the additional pension.

664
1991.
15
166
266
1992
Actual
12%
266
415
Class III & IV  employees retired  from  1/8/1987 to 31/7/1992,Class I Officers retired  from 1/8/1987 to 31/3/1993 and Class II officers  retired from  1/4/1988  to 31/3/1993–CPI 600

Rs 1500
30%
375


1501
3000
20%
450.


3001
Actual
15%
600
1250

Class III & IV  employees retired  from  1/8/1992 to 31/7/1997,Class I &II Officers retired  from 1/4/1993 to 31/7/1997–CPI 1148

2870
30%
720


2871
5740.
20%
860


5741
Actual
15%
1150
2400

Employees retired from 1/8/1997 to 31/7/2002-CPI 1740


4360
30%
1100


 4361
8700
.
20%
1310


 8701
Actual
15%
1740

For Pay of Rs 8701 to 11670, Family Pension will be worked out  in CPI 1148 points  & in 1740 points  and whichever is beneficial  will be sanctioned as  per CO circular dt 13/10/2001 & CO circular  ref Per/ER/A/G/345/MMS dt10/12/2001.

Employees retired from 1/8/2002 to 31/7/2007-CPI 2328


5840

30%
1480


5841
11640
20%
1760


11641
Actual‘
15%
2330


Employees retired from 1/8/2007

7390
30%

1880

If the surviving child or children are eligible to draw two family pensions, such pensions shall be limited to Rs 17,955/- in respect of employees who retired or died while in service on or after 1/8/2007.
(Vide LIC CO circular Department: Personnel/ER/A, Circular No: ZD/1171/ASP/2010 dt 9th December, 2010)

7391
14720.
20%
2230

14721
Actual.
15%
2950



Note:
(1) Dearness Relief is not payable on additional family pension.
(2) “ Scale of Pay” for the purpose of calculation as above shall be aggregate  of pay as defined in sub-clause (o) of rule 2 and “Allowances” as defined  in explanation to sub-rule(3) of rule 35.