MC JAIN CASE

SHRI CH MAHADEVAN WRITES...

After sending reply to your mail with calculations, I noticed that LIC has already amended LIC Pension Rules on 14/5/1999 as follows:

"Provided that for the purpose of calculating average emoluments, as defined under sub-clause (d) of rule 2, in respect of employees whose ten 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 dearness allowance actually drawn by them or the dearness allowance upto the AICPI to which the revised
basic pay is pegged, whichever is less."

So the issue will be taken care of when they take up your calculation while implementing the judgment.

In the DR slabs chart that I have, I do not have details of DR slabs for the period prior to August 1992. But on a rough reckoning, I estimated the Pensioner's (referred to in Shri Mahadevan's post) notional Basic Pay as follows:

April 1992: 8286
May 1992 to July 1992:8414

This taken together with the (to be revised) Basic Salary of 9950/-(maximum) will give average emoluments of 9333 and your revised Basic Pension should work out to 4662 on 1/11/1993 (much more than 3980 that you had estimated).

Kind regards.
C H Mahadevan