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Employee Benefits

The purpose of this is to provide the employees a handy material which contains the basic features of the important employee benefits in a capsular form.

SALARY AND ALLOWANCES

[Revised as per Gazette Notification dated 14/01/2016.]
The pay scale of Class-I officers of various cadres are as under:

Divisional Managers / Superintendent Engineers / Senior Surveyor of Works / Senior Architects 65805-2300(9)-86505.
Assistant Divisional Managers / Senior Branch Managers / Executive Engineers / Surveyor of Works / Deputy Senior Architect Rs.53725-1610(1)-55335-1745(6)-65805- 2300(4)-75005.
Administrative Officers / Branch Managers / Assistant Executive Engineers / Assistant Surveyor of Works / Architects 44065-1610(7)-55335-1745(6)-65805
Assistant Administrative Officers / Assistant Branch Managers / Assistant Engineers / Assistant Architects 32795-1610(14)-55335-1745(4)-62315.
The pay scale of Class-II officers (Development Officers) of LIC are as under: 21865-1340(2)-24545-1580(2)-27705-1610(17)-55075. Pay Scale of Class-III employees is as under:
Higher Grade Assistants 21655-1445(3)-25990-1610(15)-50140
Stenographers 18135-1030(4)-22255-1195(2)-24645- 1455(3)-29010-1510(2)-32030-1610(8)- 44910.
Assistants/Typists/Cashiers/ Projectionists/Micro Processor Operators etc. 14435-840(1)-15275-915(2)-17105- 1030(5)-22255-1195(2)-24645-1455(3)- 29010-1510(2)-32030-1610(5)-40080
Record Clerks 13380-475(4)-15280-745(3)-17515-840(2)- 19195-850(6)-24295-915(6)-29785

Pay scale of Class-IV employees is as under:
Drivers 13380-600(6)-16980-620(1)-17600- 745(12)-26540.
Sepoys / Hamal / Head / Peons/Liftman/Watchman 11660-475(5)-14035-505(8)-18075-600(1)- 18675-620(2)-19915-745(3)-22150.
Sweepers/Cleaners 11060-475(5)-13435-505(8)-17475-600(6)- 21075
These benefits are for those who have reached the maximum of the scale of pay. Class-I officers in the cadres of AAO/AO/ADM, Class-II officers, Class-III and Class-IV employees, on reaching the maximum of their scales, may be granted an additional basic pay equal to the last increment drawn by them, for each three years of service (two years in respect of RC/Asstt/Stenographer/Typist/Class IV employees) after reaching the maximum of the scale of pay. However, there are limits to the total number of such increments.
Cadre
Maximum No. of Stagnation Increments allowed
Cadre
Maximum No. of Stagnation Increments allowed
ADM
02
HGA
06
AO
05
Asstt/Steno
07
AAO
03
RC
07
Dev Officer
04
Class – IV
07
Rate: For every 4 points rise in the quarterly average of the All India Consumer Price Index above 4708 points, an employee is paid dearness allowance at the rate of 0.10% of Pay. Pay means Basic Pay including additions to Basic Pay after reaching maximum (Stagnation Increments), Graduation Allowance payable to Class III employees in the Scale of pay of Assistants and Stenographers, Special Allowance for passing examinations payable to Class III employees and Special Allowance payable to Class IV Employees posted in the grade of Head Peons, Liftman & Watchman.

All classes of employees except those staying at the Staff/Officer’s quarters/Lease
accommodation get HRA at the rates mentioned below:

Place of Posting
Rate
of
HRA
House Rate Allowance (Per month)
Class-I (Max)
(i) Cities of Mumbai, Kolkata,
Chennai, Delhi, Noida, Faridabad,
Ghaziabad, Gurgaon, Navi
Mumbai, Hyderabad, Bengaluru
and other cities with population
of 45 lakhs and above
10%
  • Rs 5320 
(ii) Cities with population exceeding
12 lakhs, but less than 45 lakhs and
except those mentioned at (i) and any
city in the State of Goa.
8%
  • Rs 4490
(iii.) Other places 7%
  • Rs 4320
Place of Posting
Rate
of
HRA
House Rate Allowance (Per month)
Class-II (Max)
(i) Cities of Mumbai, Kolkata,
Chennai, Delhi, Noida, Faridabad,
Ghaziabad, Gurgaon, Navi
Mumbai, Hyderabad, Bengaluru
and other cities with population
of 45 lakhs and above
10%
  • Rs 5320 
(ii) Cities with population exceeding
12 lakhs, but less than 45 lakhs and
except those mentioned at (i) and any
city in the State of Goa.
8%
  • Rs 4490
(iii.) Other places 7%
  • Rs 4320
Place of Posting
Rate
of
HRA
House Rate Allowance (Per month)
Class-III/IV (Max)/(Min)
(i) Cities of Mumbai, Kolkata,
Chennai, Delhi, Noida, Faridabad,
Ghaziabad, Gurgaon, Navi
Mumbai, Hyderabad, Bengaluru
and other cities with population
of 45 lakhs and above
10%
  • Rs 5320 / Rs 1165
(ii) Cities with population exceeding
12 lakhs, but less than 45 lakhs and
except those mentioned at (i) and any
city in the State of Goa.
8%
  • Rs 4490 / Rs 1000
(iii.) Other places 7%
  • Rs 4320 / Rs 950
CCA is payable to the employees of all cadres of employees as detailed below w.e.f. 01.08.2007:
City Compensatory Allowance (Per Month)
Place of Posting
Rate of CCA
Class-I
Class-II
Class-III/IV
Max
Max
Max
Min
i. Cities of Mumbai, Kolkata, Chennai, Delhi, Noida, Faridabad, Ghaziabad, Gurgaon, Navi Mumbai, Hyderabad, Bengaluru and other cities with population of 45 lakhs and above
3%
Rs 1330
Rs 1125
Rs 1055
Rs345
ii. Cities with population exceeding 12 lakhs, but less than 45 lakhs and except those mentioned at (i) and any city in the State of Goa
2.5%
Rs 1265
Rs 1040
Rs 990
Rs285
iii. Cities with population of 5 lakhs and above but not exceeding 12 lakhs, State Capitals with population not exceeding 12 lakhs, Chandigarh, Mohali, Pondicherry, Port Blair and Panchkula.
2%
Rs 980
Rs 910
Rs 850
Rs 210
Hill allowance to all classes of employees is to be paid in the manner mentioned below:
Place of Posting
Rate of Hill allowance Payable (Per Month)
Class-I
Class-II
Class-III/IV
Max
Max
Max
Posted at places with heights between 1000 and 1500 metres
2% of Pay
Rs 765
Rs 615
Rs 615
Posted at places with heights between 1000 and 1500 metres
2% of Pay
Rs 615
Rs 485
Rs 485
Posted at places with heights between 750 and 1000 metres
2% of Pay
Rs 615
Rs 485
Rs 485
Rs 185/-per month wef: 01/02/2016 Every Class-I, Class II, Class III & IV posted at Paradeep shall be paid “Paradeep Port Allowance” as long as posted at Paradeep.
The following allowances are payable to the employees of various cadres:
Cadres of Employees
Functional Allowances
Functional Allowances
Class-I (AAO to ADM)
Programmer-I / System Analyst = Rs 1130 per month (Except ITSG)
Touring Officers in Audit & Inspection = Rs. 1415 per month
Class-III
Scale of HGA Programmers = Rs 900 p.m. (Except ITSG) Scale of Assistant as MPOs = Rs 285 p.m. Scale of Pay of Record Clerks: Banda, Xerox and duplicating machine operators = Rs 150 p.m.
Touring HGA in Internal Audit / Inspection = Rs 1080 p.m for first 5 yrs, Rs 1230 p.m. in next 5 yrs and Rs. 1330 p.m. thereafter Asst as Receiving / Paying Cashier = Rs 2500 p.m.
Class-IV
In the Scale of Sepoys as Franking Machine Operators = Rs 120 p.m.
Head Peons, Liftmen and Watchmen = Rs. 985 p.m & this amount shall count for all purpose.
w.e.f.
8th July,2015. Class III Employees appointed as Cashiers. Rs 100 per day. [The panel of officiating cashiers will include all confirmed class III employees i.e. Assistants, MPOs, Typists, Telephone Operators, HGAs and Record Clerks.] Class-I officers in Satellite Offices Rs 120 per day for officers posted in the satellite offices and handling cash. [ Shall not count for any other purpose].
Rs. 500 per month (wef 01/08/2012) is available to all officers posted in the North Eastern states and their children pursuing studies outside these states, either in schools or colleges or universities.
Employees in the scale of Assistant & Stenographer Two graduation increments are granted to the employees in the scale of Assistant or Stenographer. There is no change in the instruction. An employee who has become graduate of a recognized University after reaching maximum of the scale of pay: Rs1000 p.m. Employees who have received graduation increments and have attained maximum of the scale will get Rs 510 per month after one year of reaching the maximum of scale and Rs 1000 per month two years after reaching the maximum of the scale. [Provided however that all those employees in the scale of Assistant and Stenographer who become graduates after 31st July, 2007 shall not be eligible for graduation allowance.] Record Clerks get a graduation allowance of Rs 535 per month after completing graduation. [It may be noted that Record Clerks who become graduates after 31st July, 2007 shall also be eligible for graduation allowance. Record clerk having graduation allowance as RC, on promotion to assistant will get graduation increment as applicable to assistant on fixation. However the graduation allowance enjoyed by him as RC will not continue]
Class-I Officers : Rs 1330 per month (wef: 01/08/2012)
Class III & IV employees : Rs 460 per month (wef: 01/08/2012)
2.5% of basic subject to a maximum of Rs 400 p.m. This is in addition to the normal transport allowance they are eligible for. This facility has been extended to hearing and speech impaired (deaf and dumb) employees also, [who suffer from both the disabilities i.e. who are both deaf and dumb. with effect from 19.02.2014.
The cash medical benefits payable to various cadres of employees are as under:
Cadres of Employees
Basic Salary
Cash Medical Benefit
Class-I Officers

Upto Rs 60430/-

More than Rs 60430/-

Rs 13300 p.a.

Rs 19940 p.a.

Class-II Officers
All
Rs 8310 p.a.
Class-III & Class-IV Employees
All
Rs 6650 p.a..
Rs. 250/- per month is payable only to Class-IV employees as Washing Allowance. Rs 150/- p.m. regular part-time workmen wef 01/08/2012
This allowance is given to the people after one year from reaching maximum of scale in lieu of the increment for computerization given on 01.11.1993. The rates of FPA for various cadres are as under:
Category
FPA (in Rs)
Category
FPA (in Rs)
ZM(S)

3265

D.O./ Assistant/Steno/HGA

1610

ZM(O)
2685
RC
915
SDM
2590
Class-IV Driver/Peon
745
ADM/DM
2300
Sweeper
600
AO/AAO
1745
——
—–
FPA is calculated for the scale of pay an employee was as on 01.11.1993
The Project Allowance is given at the rate mentioned below:
Class-I: Rs 400/-p.m.
Class-III: Rs 285/- p.m.
Special allowances payable for passing various examinations are as under:
w.e.f: 01-08-2012
Professional / Technical Allowance
Special Allowance payable per month
Examinations of Insurance Institute of India:

Licentiate : Rs 340 p.m.

Associate : Rs 925 p.m.

Fellow : Rs 1585 p.m

Examination of the Institute of Actuaries, London
Rs.340/- per month on passing each subject.
Examinations of the Actuarial Society of India.
Rs.340/- per month on passing each subject.
Examinations of the Institute of Chartered Accountants of India and the Institute of Costs & works Accountants of India

Intermediate : Rs 665 p.m.

Final Group A or B : Rs 1135 p.m.

Final Group A and B : Rs 1585 p.m.

MBA from recognized University or Institute Rs 1585 p.m.
On passing the final examination of the Institute of Company Secretaries of India
Rs 1585 p.m.
Allowance payable for Core Group employees at CO/ZO:
No of Papers Passed
Special Allowance per month (CO) in Rs
Special Allowance per month (ZO) in Rs
Six Papers
4000/-

 

3,200/-

 

Seven Papers
5000/-
4000/-
Eight Papers
9000/-
7,200/-
Nine Papers
10,000/-
8000/-
Ten Papers
12,000/-
9,600/-
Eleven Papers
15000/-

12,000/-

Twelve Papers
18000/-
14,400/-
Thirteen Papers
21,000/-
16,800/-
Fourteen Papers
25,000/-
20,000/-
Fifteen Papers
30,000/-
24,000/-
Fellowship
50,000/-
24,000/-
Temporary staff is to be paid a salary which is drawn by a regular employee at that cadre at the minimum of the scale. Each day’s salary is to be taken 1/26th of the salary drawn by an employee of that cadre per month at the minimum of the scale.
Developer
Rs 10,000 p.m.
Business System Analyst (BSAs)
Rs. 15,000 p.m.
Project Leader
Rs. 20,000 p.m.
Level of Sports Event
Special Sports Allowance Payable
LIC Divisional Level Tournament/Meet
Rs 400
LIC Zonal Level Tournament/Meet
Rs 600
All India LIC Games,State/Zonal/national Tournament in individual capacity
Rs 800
Representing LIC in outside Tournament as a member of All India LIC team
Rs.1,000.00
The allowance is 10% of basic Pay [Pay means only Revised Basic Pay drawn by the employee] subject to a maximum of Rs. 3000 w.e.f. 01/08/2012.

INCENTIVES

Hindi Examination
Amount of Cash Reward (Rs)
Through Corporation
Through Private Correspondence Course
A Region
B Region
C Region
A Region
B Region
C Region
Prabodh
1000
1100
1200
2000
2200
2400
Praveen
1100
1200
1300
2200
2400
2600
Pragya
1200
1300
1400
2400
2600
2800
Hindi Typing
1200
1300
1400
2400
2600
2800
Hindi Stenography
1300
1400
1500
2600
2800
3000
The following reimbursements are made to employees pursuing actuarial studies:
i) Entrance Fee for enrolment as student member in Institute of Actuaries of India.
ii) Annual subscription paid by an employee to the Institute of Actuaries of India or London.
iii) Tuition course fee paid by the employee to the Institute of Actuaries of India or London.
iv) Examination fee paid by the employee once for each paper on passing upto six papers.and twice for each paper on passing the remaining papers.
v) Exemption Fee
vi) Cost of Actuarial Table
vii) Rs. 3000/- as Registration Fee for ACET on qualifying.
This is paid to all employees. Quantum depends on the achievement of a certain sales and servicing standard.
http://10.240.71.51/pers/era/Circular_ERA_2016_122.pdf

LOAN / ADVANCES

This interest free advance is payable to all classes of employees and is recoverable from salary in 10 equal monthly installments. The amount of advance payable to the employees is as under:
Class-I Officers
One month’s salary or Rs 30,000 whichever is less.
Class-II Officers and Class III & IV
One month’s salary or Rs 26,000
The scheme “Life Insurance Corporation of India (Employees Education Advance Scheme), 2015” is applicable to whole time confirmed employees with 5 years of service. This is to assist employees in arranging finance for the higher / professional education of their dependent children in India and / or abroad. Correspondence or Distance Learning is not admissible. Amount of advance is to be paid to the Educational Institution directly and bank charges to be borne by the employee. Quantum of Advance: Up to and Maximum Rs.10 lacs for one child. Entitled amount of advance = 85% of [Gratuity + PF + Addl Gratuity / Free Insurance + GSLI savings] as accrued as on date of application of advance or Rs.10 lacs whichever is less, subject to financial eligibility of the employee [i.e. the net salary shouldn’t go below 25% of the Gross Salary of the employee at the time of sanction of such loan/advance.] All terminal dues of the employees shall be assigned to the Corporation. Two dependent children including step-child and adopted child [and not gainfully employed] are eligible during the entire service period. Advance for maximum two courses [Graduation/Degree/Diploma/Training courses etc.] can be granted for a child. Simultaneous advance for both the children can be availed. If both husband and wife are employees of Corporation, Education Advance may be availed by any or both of them but not for more than two children [for example: Husband may take advance for one child and the wife for the other] Repayment Term: 10 years. EMI deduction will commence from the month following the month of disbursement of advance. Outstanding amount will be realized from the retirement proceeds if the employee retires earlier. Employees’ Benefit Handbook / EZTC / Kolkata Page 15 Interest Rate [on reducing monthly balance]: 8% p.a. (simple) for boy students and 7.80% (simple) for girl students. Vigilance Clearance is necessary to obtain Education Advance
Car and Scooter advance in respect of various cadres of employees is as under:
Name of Advance
Quantum
Repayment Term
Rate of interest
Other conditions
Car Advance for ADM/DM on administration side
Full Purchase Price of new vehicles
96 months
5%

1.Insurance Premium and Road tax paid by LIC

2. This loan can be availed for 2 times (with 8 years’ gap)

Car Advance for AAO/AO ##
Service period less than 3 years
Maximum of Rs 1 lakh or purchase price whichever is less
96 months
5%

1. Insurance premium and road tax to be borne by the employee

2. This loan can be availed once during service.

Service period more than 3 years
Full purchase price
96 months

5% up to 1 lakh

9% on the balance

 
Two Wheeler Advance
Class-I Officers
Full purchase price
Recovery in 60 months
3%

1. Insurance Premium and Road tax paid by LIC

2. This loan can be availed for 2 times (with 7 years’ gap)

Class-III & IV Employees with 5 yrs service **
Full purchase price(Max.Rs 1,00,000/-)
Recovery in 60 months
Upto Rs 50,000/- 5% and 9% thereafter

1. Insurance premium and road tax to be borne by the employee

2. This loan can be availed for 2 times (with 7 years’ gap)


** part-timer employees converted to Full time “sweeper cum attendant” will get proportional past service credit as per circular CO/Per/ER-A/074/2014 ,dated 23.06.2014 ## Conversion from AAO/AO Scheme to ADM/DM Scheme: It is applicable when an officer is promoted from AO Cadre to ADM Cadre. Any of the Two Options may be exercised:
1) Transfer of existing vehicle under AAO/AO Scheme to ADM/DM Scheme. Road Tax and Insurance Premium to be reimbursed proportionately for the outstanding repayment period from the date of conversion.
2) Repayment of outstanding loan under existing [AO/AAO] Scheme and avail fresh advance under ADM/DM Scheme.
Quantum is Rs 75,000 or full Purchase Price whichever is less. Loan amount is recoverable in 48 months. Rate of interest is 9%. This is available for all confirmed employees of the Corporation.
Quantum is three months’ basic salary or Rs 50,000 whichever is less. This interest free advance is recoverable in 36 installments.
Quantum is Rs 2500 or the actual cost of wheel-chair/cycle whichever is less. To be repaid in 30 interest-free EMIs. Payable to all confirmed orthopaedically handicapped employees.
EARLIER
REVISED ( Revised w.e.f. 01/04/2016)
CADRE
LOAN AMOUNT (Cadre + Extended)
CADRE LOAN @ 5%,
EXTENDED CADRE LOAN : @8.5%,
TOTAL AMOUNT OF LOAN
Class –IV (Sweepers/peons/Drivers
8,00, 000
13,25,000
16,75,000
30,00,000
Class-III (Record Clerks)
10,50,000
17,25,000
20,75,000
38,00,000
Class-III (Assistant/ Stenos/ HGA
12,00,000
20,75,000
24,25,000
45,00,000
Class-II (Development Officers)
13,00,000
21,25,000
28,75,000
50,00,000
Class – I
AAO / AO
16,00,000
28,00,000
32,00,000
60,00,000
ADMs
18,00,000
28,75,000
34,25,000
63,00,000
DM / SDMs
18,00,000
33,00,000
37,00,000
70,00,000
ZM (O) / ZM (S)
20,00,000
36,00,000
44,00,000
80,00,000

Outstanding Extended Cadre Loan as on 31/03/2016 shall be converted to Cadre Loan as per Table above w.e.f :01/04/2016. Subsidy for conversion is to be given to employees’ Salary from April, 2016 onwards. If an employee has taken housing loan on market rate from LICHFL or any other Financial Institution, the same can be converted up to the limit as per above Table on written request to LICHFL and subsidy of such amount will be allowed from the date of conversion / taking over by LICHFL. General Rules:
 All confirmed employees are eligible.
 Second Housing Loan will be sanctioned only after expiry of five years from the date of disbursement of last installment of 1st Housing Loan but quantum will be the balance amount after deduction of 1st loan availed.
 Housing Loan can be availed for purchase of ready-built Flat / House, under Constructions Flat, Plot (from Boards / Authorities) ,for Construction / extension of House, Repairs and Renovations of Flat / House, for any other purpose to enhance comfort/ utility of flat/ house.
 Loan shall not exceed 85% of total property value including stamp duty and registration fee.
 Other sources of income including salary of spouse, etc. may be taken to ascertain repayment capacity.
 On exit by way of retirement, resignation, termination, dismissal, removal,discharge etc. the benefit for special corporate rate for LIC shall cease.
 The Cadre Loan and Extended Cadre Loan with interest will be repayable over a period of 25 years or till the date of retirement whichever is earlier or 70 years of age in case of pensioners.
 EMI will be calculated notionally for 25 years or up to retirement or 70 years of age in case of pensioners, when residual service is less than 25 years on the date of sanction of Loan.

REIMBURSEMENT

Reimbursement of mobile expenses is as under (for administration side):
AAO/AO/ADM Rs. 400 per month / Rs. 1200/- per quarter
DM Rs 500 per month / Rs. 1500/- per quarter
SDM Rs 2250 per quarter
ZM(O)/ZM(S) Rs.4500 per quarter
Reimbursement of Internet Charges for the Hybrid Laptops allotted to the officers in the cadres of DZM and above:
DZM & Above Reimbursement of monthly usage charges limited to Rs 1,000 or the Plan Tariff, whichever is lower
Broadband facility on residential landline:
ZM(O) & ZM(S) and all RMs(IT) Rs 500/- per month plus tax
In this connection the circular no Ref CO/OS/OA/VPT/2010/13 dated 01.01.2011 may be referred to.
Cadre
Administrative side- Rs P.M
Marketing Side-Rs. P.M
ABM(S)/BM(S)
NA
550
BM(IN-CHARGE)
NA
650
MANAGER(SALES)-ADM CADRE
NA
700
DM
550
750
SDM
750
800
NOTE- NO LIMIT OF NO. OF CALLS. THE ABOVE LIMIT WOULD BE INCLUSIVE of GST , irrespective of the fact whether whether the telephone connection is with combo tariff/rental or otherwise ( Ref : CO/OS/OA/TEL/2017/2 DT. 01.09.2017 )
AAO
Rs 3,000
AO/ADM
Rs 4,000 / Rs 4500
DM/SDM
Rs 6000/ Rs7000
ZM(O)/Z M(S)
Rs 9500/Rs.13700
AAO/AO
Rs 800
ADM/DM
Rs 1000
SDM/DZM
Rs 1200
ZM(O)/Chief-in-Charge/ED
No Limit
Cadre
Amount
AAO/AO
One Daily of repute (financial or non-financial)
ADM/DM/SDM
Two dailies – one financial and one non-financial
ZM and above
Two dailies – one financial and one non-financial PLUS Two Indian Magazines of repute – one financial and one general

MEDICAL / HEALTH

The cash medical benefits payable to various cadres of employees are as under:
Cadres of Employees
Basic Salary
Cash Medical Benefit
Class-I Officers

Upto Rs 60430/-

More than Rs 60430/-

Rs 13300 p.a.

Rs 19940 p.a

Class-II Officers
All
Rs 8310 p.a
Class-III & Class-IV Employees
All
Rs 6650 p.a.
The Group Mediclaim Scheme 2015-16 provides for cashless facility for all diseases and treatment/reimbursement of hospitalization/domiciliary hospitalization expenses to all classes of in-service employees, retired employees and their dependents including dependent parents and parents-in-laws,[i.e. continuation of coverage to dependent parents and parents-in-laws even after retirement] through a Group Mediclaim Policy (Floater Mediclaim coverage). Cashless facility will be available through TPAs in hospitals covered under their network.

Room Rent Limit per Day: A Class Cities-8500/-; B Class Cities-5000/-; C Class Cities-4000/-
Classification of Cities: [For Room Rent Limit] A Class Cities: Ahmedabad, Gandhi Nagar, Bengaluru, Chennai,Hyderabad(including Secunderabad), Kolkata, Greater Mumbai, New Delhi, Faridabad, Ghaziabad, Gurgaon,Noida, Pune and Surat.
B Class Cities: Agra, Allahabad, Asansol, Bhopal, Coimbatore, Goa (Entire State),Indore, Jaipur, Jabalpur, Jamshedpur, Kanpur, Kannur, Kochi, Kozhikode, Lucknow, Ludhiana, Madurai, Mallapuram, Meerut, Nagpur, Nasik, Patna, Rajkot, Srinagar, Thrissur, Thiruvanthapuram, Vadodra, Varanasi, Vishakhapatnam, Vijaywada.
C Class Cities: Other than A & B Cities.
Zone wise TPAs for Cashless servicing purpose:
Office/Zone
Name of TPA
Website/ Toll Free no (Dedicated for LIC)
Northern/Western/ Central Zone & CO

M/S MD India Healthcare Service (TPA) Pvt. Ltd.

www.mdindiaonline.com 18002335588

North Central Zone
M/S Raksha TPA Pvt Ltd
www.rakshatpa.com 18001039533
East Central/Eastern Zone
M/S Heritage Health TPA Pvt Ltd.
www.heritagehealthservice.com 18001024547
South Central Zone
M/S Medi Assist India TPA Pvt. Ltd.
www.mediassistindia.net 18004191154
Southern Zone
M/S Vidal Health TPA Pvt.Ltd.
www.vidalhealthtpa.com Kerala-18004256268 Tamilnadu-18004257595
List of Hospitals covered will be available in TPAs website as well as LICs intranet website. The Policy is being serviced by The New India Assurance Company Limited.
BASIC PAY
CATEGORY
FAMILY FLOATER SUM INSURED
RS.58690/- AND ABOVE

I

1000000

RS.42196/- TO RS.58689/-
II
600000
UPTO RS 42195/-
III
500000

Option is there to increase the cover additionally on floater basis upto 4 lacs,5 lacs,6 lacs,8 lacs,10lacs, 12 lacs,15 lacs, 20 lacs,25 lacs and 30 lacs.40 lacs, 50 lacs . This is including the Basic Sum Insured limit. Option for 40 lacs and 50 lacs will be effective from 01-04-2018.
1/4th of the premium is paid by employee and 3/4th by the corporation. Sharing of premium by LIC will be applicable for i) the employee, ii) spouse, iii) two dependent children, for in-service Employees. Sharing of premium in case of Retired employees will be for i) the retired. employee, ii) spouse, iii) disabled children only. Retired employees are eligible to be covered under the Scheme without any restriction in upper age.There is a provision for granting advance by LICI.
The scheme provides for reimbursement of medical expenses incurred by the employee for treatment of specified diseases which involves high cost and/or protracted treatment.
The beneficiaries under the scheme include (1) the employee (2) spouse and (3) two dependent children.
The maximum reimbursement allowed is Rs.10 Lakh during the service period with no restriction on the number of occasions to avail this. The limit is increased to Rs.50 lac for treatment in India and Rs.1 Cr. for treatment in abroad for the employees opted for mediclaim of Rs. 50 lacs( Ref CO/PER/ER-A/188/2018 dt. 26.07.2018) There is a provision of granting advance also.
Category
Amount to be Reimbursed
Frequency of checkup in age band where age is based on age last birthday
40-44
45-49

50-60

I Basic Pay Rs 58690/- & Above
Rs 7,500
Once
Twice
Every year
II Basic Pay from Rs 42196/- to Rs. 58689/-
Rs.6,000.00
Once
Twice
Every year
III (Basic Pay below Rs 42196/-)
Rs.7,500.00
Once
Twice
Every year

Ref: CO/PER/ER-A/202-2019 dtd. 04.02.19 It is to be noted that there has to be a gap of two full years between two preventive checkups if the age of the employee is up to 49 years. For the employees above 50 years of age, this gap has to be at least one full year. No non-availed benefit can be carried forward in the future years.

LEAVE

Quantum: 15 days between the period of 1st July to 30th June next year. Additional Casual Leave: The quantum will be 23 ½ minus the number of holidays declared under N.I. Act in a calendar year (Jan. to Dec.). Additional Casual Leave may be allowed during the period of six months from 1st January to 30th June of the followingcalendar year. Unavailed casual leaves are converted into Additional Sick Leaves with full pay, upto a period of 60 days.
For every 11 days of service (including holidays), one day’s PL is added to the credit.Duty for this purpose is service minus the period of leave of all kinds except CL and quarantine leave. Total accumulation allowed: 270 days
At the rate of 30 days for each completed year of service subject to a maximum of 480 days with half pay during the entire period of service. Special Sick Leave can be granted to employees suffering from major diseases like cancer, leprosy, tuberculosis, paralysis, brain tumour, cardiac ailments, mental diseases, kidney diseases, AIDS etc for a period of 180 days on half pay in case no sick leave or converted sick leave is there in his credit.
Lady employees are eligible for Maternity Leave for a period of six months from the date of commencement. Total Maternity Leave can not exceed a total of 360 days in the entire service life.
The following types of special leaves are granted to the employees:
Type of Leave
Quantum of Leave available
Sports
Maximum 30 days in a calendar year for participating in national/international sporting events
Trade Union activities (Applicable only for cl 1 delegates)
ZO level annual conference(Max12 persons)-3 days ,All India annual conference( max 70 persons) 4 days subject to max 7 days in a yr. Including journey periods
Special Leave in lieu of Joining Time
Maximum 6 days plus the time to cover actual journey
Donation of blood
1 day for each occasion, Maximum 10 days in a year
Accident while on duty
Maximum 90 days but ZM(S)/ED can grant more in case of special circumstances
Quarantine Leave
Maximum 21 days
Extra Ordinary Leave
Three months in one occasion and a total of 12 months in the entire service period
I.I.I. Examination Invigilation
On the days of such invigilations
I.I.I. Council Meeting
Maximum two times in a year
Family Planning
(i) 6 days for sterilization operation or vasectomy. (ii) 14 days to lady employees for Non-Puerperal Operation / Tubectomy. Not exceeding 14 days for the 2nd time may be granted if the operation is for the 2nd time due to the failure of the first operation. (iii) One day to lady employees for IUCD insertion. One day for re-insertion of IUCD may be granted.

LTC / TOUR /DA

Once in a block of 2 years. 2 Blocks can be clubbed.
Current Block of Class I/II: 01.01.2017 to 31.12.2018
Current Block of Class III/IV: 01.04.2018 to 31.03.2020

Distance: 3000 KM each way
Air Travel Entitlement: Allowed only for DM & Above,AO and ADM allowed Air travel if total distance travelled by air is more than 1000 kms.
Foreign travel- foreign destination is not allowed. In cases of journeys within and outside India,reimbursement will be restricted to journeys performed within India only.Reimbursement on actual expenditure but not beyond entitled class.
Entitlement would be limited to lower class if an employee travels lower than his entitled class.
If travelled by different mode, 1st reimbursement will be for lower mode, 2nd for entitled mode and lastly actual expenses for higher mode subject to maximum eligible fare of entitled balance distance after considering distances travelled by lower and eligible mode.
If Travel under LTC involves travel by higher mode/higher class then the reimbursement will be restricted to two times of the entitled class fare for 3000 kms for one Block.
Travel by Taxi/Bus will be treated as travel by entitled mode or class and reimbursement will be limited to the train fare in respect of eligible members by the entitled class for the distance so traveled.

Toll tax will be paid in case of travelling by car under LTC.
Tickets / Receipts purchased online will also be accepted.
Category
By Train
By Road
By Steamer
BY AIR
Zonal Managers & Above
I AC,
Bus I Class or by single seat in a taxi
I Class
Ordinary/Econo my class
Other Officers in Class-I Cadre(SDM,D M
IAC
Do
Do
Ordinary/Econo my class
ADM,AO
II AC
DO
DO
Ordinary/Econo my class (if the total distance travelled by Air is more than 1000 Kms
AAO
II AC
DO
DO
NOT ELIGIBLE
Development Officers
II AC Sleeper, Rajdhani Express Chair Car, AC III Tier Sleeper in Rajdhani
DO
DO
NOT ELIGIBLE
Class III Employees drawing a basic pay of Rs 22876/- and above
II AC Sleeper, Rajdhani Express Chair Car or AC III Sleeper in Rajdhani
Bus
II Class
NOT ELIGIBLE
Class III Employees drawing a basic pay of Rs 22875/- & below
II Class, Sleeper Class other than Rajdhani Express II AC if night journey is involved. AC III Tier sleeper/Chair car in Rajdhani Express if night journey is involved
Bus
II Class
NOT ELIGIBLE
Class IV Employees drawing a basic pay of Rs 22876/- and above
II AC Sleeper, Rajdhani Express/ AC III Tier Sleeper
Bus
Deck
NOT ELIGIBLE
Class IV Employees drawing a basic pay of Rs 22875/- and below
II Class/ Sleeper Class (other than Rajdhani Express
Bus
Deck
NOT ELIGIBLE

As per the provisions of LIC of India (Leave Travel Concession) Instructions, 1994, as modified from time to time, the employees of the Corporation are allowed Leave Travel Concession in a block of 2 two years for a distance of 3000 kms each way in respect of travel to places other than Home-Town. Employees are also allowed to avail their last unavailed LTC within three months from thé date of superannuation. It has now been decided to revise the above provisions as under-

1. The existing limit of 3000 kms is increased to 4500 kms each way.
2. The last unavailed LTC may be availed within one year from the date of superannuation.

Presently, for travel by air, the surface distance between two places by shortest route by rail is the basis of reckoning the distance travelled except for officers posted in the North- East regions in which case aerial distance is to be considered for arriving at the distance travelled by air if the officer is eligible to travel by air. This provision is now extended to all officers who are eligible to travel by air and undertake journey by air to the North-East regions. All other terms and conditions issued in respect of Leave Travel Concession shall remain unaltered. The revised limits shall be applicable for journeys commenced on or after 13.05.2019
The retired employees can avail LTC of the last unused block(s) even after retirement provided they complete the return journey within three months from the date of retirement.
For tours less than 24 hours
Duration of tour
DA Admissible
Less than 4 hours
No DA
Between 4 and 8 hours
50% of DA
8 hours or more
Full DA

Rates of DA admissible for various classes of employees
Cadre
“A: Class City
“B” Class City
“C” Class City
MD/ ED/ZM/DZM/SDM/DM
1300
1100
950
ADM/SBM/BM/AO/ABM(S)/AAO
1100
950
800
Class-II Employees/HGA/SH
700
600
450
Class-III Employees
600
520
340
Class-IV Employees
500
400
250

DA for tour at Metro cities: Rs 1800 for MD/ ED/ZM, Rs. 1500 for DZM/SDM/DMRs 1300 for ADM/SBM/BM/AO/ABM(S)/AAO
Cadre/Class of employees
Reimbursement Amount (Rs)
For Major Cities
Category-II cities
Other Places
ED/ZM
8000+tax
4500+tax
4000+tax
DZM/SDM/DM
5500+tax
3750+tax
3000+tax
ADM/SBM/BN/AO
3000+tax
2200+tax
1600+tax
AAO/ABM(sales)
2000+tax
1500+tax
1200+tax
Class-II Officers
1800+tax
1350+tax
1080+tax
Class-III employees
1600+tax
1200+tax
960+tax
Class-IV employees
1400+tax
1050+tax
840+tax
If full hospitality is provided
Business visits upto 10 days: Lumpsum $500
Business visits for more than 10 days: $50 per day
If no hospitality is provided
Chairman/MD gets: $500 per day
ZM (O)/ZM(S) gets: $400 per day
Sr. D.M. gets: $350 per day
Other Officials get: $300 per day

GROUP POLICIES / INSURANCE

[Revised Category as shown below will be effective from 1/09/2018]
Cover (Basic Pay Range) (Rs)
Term Cover (Rs)
Premium Per Month (Rs)
97150 & above
24,00,000
564
67415 TO 97149
20,00,000
470
47285 TO 67414
14,00,000
329
24385 TO 47284
10,00,000
235
13435 TO 24384
5,00,000
118
Less than 13435
3,00,000
71

 This scheme is for those pension optees who are governed by LIC of India (Employees) Pension Rules, 1995 and joined GTIS 1997 scheme.
 The scheme is applicable to PF optees, Defined contribution pension holders also.
For existing employees.
Class
SA with DAB (DAB Max Rs.10 lacs)
Prem per month
1
5000000
1270
11
4000000
1020
111
3000000
770
1V
1500000
395

For Retired employee(Retired on or after 01.04.18.)
Age
Class 1
Class 2
Class 3
Class 4
61-65
50 lakh
40 lakh
30 lakh
15 lakh
66-70
35 lakh
30 lakh
20 lakh
10 lakh
71-75
20 lakh
15 lakh
10 lakh
5 lakh
Note- AB will be available upto age 70 only
All new employees have to join this scheme from the date of probation . In case of death, claims have to be preferred by the nominee at the office where the employee worked last. That office will forward the claim form along with the certified premium position and a copy of Death Certificate to the concerned P&GS department. The P&GS department will pay the claim amount to the respective OS department of LIC.
Category
Basic Pay (Rs)

Revised Basic Pay

w.e.f 01-11- 2016

Life Cover (Rs)
Total Life Cover Premiu m (Rs)
Corporation’ s Share of Life Cover Premium (Rs)
Monthly Contribution of Employee towards
Life Cover (Rs)
Savings (Rs)
I
50810 & Above
97150 & above
2000000
440
110
330
817
II
35,300- 50809
67415 TO 97149
1700000
372
93
279
691
III
24,800- 35,299
47285 TO 67414
1300000
284
71
213
527
IV
12,855- 24,799
24385 TO 47284
850000
184
46
138
342
V
7,115-12854
4 13435 TO 24384
600000
132
33
99
245
VI
Below 7115
Less than 13435
350000
76
19
57
141

 GSLI scheme year commences from 1st November of every year.
 GSLI scheme is compulsory for all employees who have joined the organization on or after 01.11.1987.
 [ In lieu of GSLI Policy, New Group Insurance Policy is applicable for employees who have joined the Corporation on or after 1st November,2013 ]
 Every member, at the time of entry into the scheme, has to appoint one or more beneficiaries in Form IV (wife/child/children/dependants).
 In case of absence of any of the persons mentioned above, the employee will have to appoint one legal representative whom the accumulated money can be paid in case of death while in service.
Category
Basic Pay (Rs)
Revised Basic Effective From 01/04/2016
Life Cover (Rs)
Total Life Cover Premium (Rs)
I
50,810/- & above
97150 & above
2000000
323.33
II
35,300/-to -50,809/
67415 TO 97149
1700000
274.83
III
24,800/-35,299/
47285 TO 67414
1300000
210.17
IV
12,855/–24,799/-
24385 TO 47284
850000
137.42
V
7,115/–12,854/-
13435 TO 24384
600000
97
VI
Below 7,115/-
Less than 13435
350000
56.58
This New Group Insurance Policy (Life Cover only without DAB) is compulsory and applicable for those employees who join/ have joined the services of the Corporation on or after 01/11/2013. This is in lieu of GSLI Policy. [Savings portions of premium, if any, deducted earlier will be refunded.] Basic pay as on 1st April will be the basis for life cover and premium for the following policy year. Advance premium will be deducted from March Salary. Policy anniversary date is 1st April and new entrants joining after this date.
Group accident policy for employees carrying cash to the bank and the employees accompanying them.
A capital sum assured of Rs 10,00,000.
All our full time in-service employees on probation/training/Apprenticeship are covered against accidental injuries on a “24 hour cover basis” under Group personal Accident Insurance policy.
The benefits which are available are as mentioned below:
Nature of Accident
Benefits Payable to the employee/Legal Heirs
Settlement Procedure
Death
Capital Sum assured, as per table below.

The claims are to be made in the prescribed form by the employees/legal heirs through the office of the employee, to the Chief Regional Manager, Oriental Insurance Co. Ltd., CBRO Mumbai; Oriental House, 3rd Floor, 7, J Tata Road, Churchgate, Mumbai 400 020 Tel No 022-22821716 022-22816569

Intimation of Claims will be made immediately by concerned LIC Office and in any case not later than 6 months.

The office has to ensure that the claim amount does not directly go to the legal heirs. The money is to be paid to the Corporation by Oriental Insurance Co.

Requirements in case of accidental death:

1. Claim form duly filled in

2. FIR

3. Police Final Report

4. Panchnama

5. Post Mortem Report

6. Death Certificate

7. Salary

Certificate Document Nos 2,3,4,5,6 must be Notary attested.

Loss of two limbs, two eyes or one limb and one eye
Capital Sum assured, as per table below
Loss of one limb or one eye
50% of Capital Sum assured as per table below
Permanent total disablement from injuries other than those mentioned above
Capital Sum assured, as per table below
Permanent partial disablement (PPD)
Specified percentage of Capital Sum assured as per policy document
Expenses for Carriage of Dead body and / or funeral expenses
Actual expenses subject to a maximum of 2% of the sum assured or Rs 2500/- whichever is less
Under this policy, all premiums are paid by the Corporation.
Capital Sum Assured effective from 02.03.19
Category
Basic Pay (Rs.)
Sum Assured
I
97150/- & above
75 Lacs
II
Below Re.97150/-
50 lacs

OTHER BENEFITS

ZM(O) & ZM(S) 355
SDM 310
DM 270
ADM 240
AO 205
AAO 185
DO 170
HGA 160
Assistant / Steno 145
RC 120
Class IV employees 110
Regular Part Time Workmen 65

Ref: CO/Per/ER-A/231/2019 Date 31.08.2019 All the HODs of Central Office, All the offices of the Corporation. Re: Scheme of Providing Meal Coupon to the Officers /Employees Working in LIC Offices Reference is invited to C.O. Circular No. CO/Per/ER-A/190/2018 dated 01.09.2018 on the above subject. It has been decided to revise the rate of Meal Coupons as under-

Cadre Coupon Rate (Rs.) per
ZM(S) & ZM(O) 385
SDM 335
DM 295
ADM 260
AO 225
AAO 205
Development Officer 185
HGA 175
Assistant / Steno 160
Record Clerk 135
Class IV Employees 125
Regular Part-Time Workmen 75

The revision in rate of Meal Coupon above shall come into force w. e. f. 01.09.2019. All other terms and conditions governing grant of Meal Coupon shall remain unaltered.
Employees drawing a salary not exceeding Rs 21,000 per month are only eligible( While calculating bonus maximum salary to be taken as actual but not exceeding Rs. 7000/-).
Cadre
Rental Ceiling
Metro Cities (Rs)
A Class Cities (Rs)
B Class Cities (Rs)
C Class Cities (Rs)
SDM/DM-inCharge
29000
23000
16000
13000
DM/SBM/ADM
26000
21000
14000
12000
BM-I/C
21000
16000
11000
9000
BM/AO/ABM/AAO
20000
15000
10000
8000
HGA
9400
6200
4700
3900
Metro cities are Mumbai, Delhi,Channai,Kolkata, Bengalaru,Hydrabad . The above limit is inclusive of monthly society charges and car parking charges.
Minimum Area Norm for Flats / House under Lease:
Cadre
Carpet Area in Sq ft.
Minimum Area
Maximum Area
ZM & Above
1200
2000
SDM/DM in Charge
1000
1500
DM/SBM/ADM
800
1250
AM/AO/ABM/AAO
650
1000
HGA
400
600
The purpose of this scheme is to grant monetary relief to employees who suffer from prolonged ailments involving heavy medical expenses or to those who may be affected by natural calamities.

Under the scheme only those cases are considered where there is no further scope for the distressed employee to get any relief under any of the other available schemes including loan from PF and Co-operative Credit Societies. The monetary assistance is given in the form of ex-gratia payment and/or interest free loan recoverable from the salary of the employee in 25 monthly installments. At present the relief is granted as under:
Person
Ex-gratia
Interest free loan
Employee
Rs.10,000/
Rs.10,000/
Spouse
Rs. 5,000/
Rs. 5,000/
Dependent Children
Rs.3,000/-
Rs.3,000/-

TERMINAL / RETIREMENT BENEFITS

As per rules of the Corporation, employees who have completed 15 years of service are eligible for gratuity. First, gratuity is calculated as per rule of the Corporation and then it is calculated as per payment of gratuity act, 1972. As per Act Gratuity is payable after 5 yrs of service. Gratuity admissible is either the one determined as per Corporation rules or the one determined as per the provision of Gratuity Act, whichever is more favourable.
The maximum gratuity as per rule of the Corporation for class-I & class-II officers is 15 months terminal pay for first 30 yrs of service and thereafter half month for each complted yrs of service and 20 months terminal pay for Class III & class IV. The maximum gratuity as per payment of gratuity act is Rs.20 lakhs
Gratuity in case of Promotee Officers (Class-III to Class-I):In case of Class-I Officers promoted from Class-III, the gratuity shall not be less than what would have been admissible to him had he continued as a Class-III employee, when the gratuity becomes due.
Group Gratuity Scheme: In case of death of an employee/officer while in service the amount of gratuity will be equal to the amount the employee would have received had he survived and continued in service till his normal date of retirement.
Class I & II Officers:In case of death of an Officer while in service, regardless of the number of years of service, under the Group Gratuity Scheme the higher of the following is payable:
Based on the salary drawn as on the date of death and length of service which the Officer would have put in had the Officer served up to the normal date of retirement.
As per Payment of Gratuity Act:
At the rate of 15 days salary drawn as on the date of death for a length of service which the Officer would have put in had the Officer served up to the normal date of retirement, subject to a maximum of ` 20,00,000/-
Class III & IV Employees: In the event of death of a Class III or IV employee while in service of the Corporation, Gratuity would be paid on the basis of the length of service which the employee would have put in, had the employee served up to the normal retirement date.
a. Death before completing 15 years of service:
i. Based on the basic salary drawn as on the date of his death and service up to his normal date of retirement, Maximum limit 20 months’ terminal Basic Pay.
ii. At the rate of 15 days salary for each completed year of service, which the employee would have completed, had he survived and served upto his normal retirement age subject to a maximum ` 20,00,000/-
b. Death after completing 15 years of service:
i. Based on the basic salary drawn as on the date of his death and service up to his normal date of retirement, Maximum limit 20 months’ terminal Basic Pay.
ii.:At the rate of 15 days salary for each completed year of service, which the employee would have completed, had he survived and served upto his normal retirement age.
iii. At the rate of one month salary (as desired in the provision (a)) for each completed year of service up to the date of his death subject to a maximum of ` 10,00,000./-
• The Scheme shall apply to confirmed whole time Class I and Class II Officers of the Corporation.
• In the case of Class III employees promoted to Class I the Scheme shall apply from the date of their promotion to Class I. Service prior to promotion is also counted for this purpose.
• The officer should have a qualifying policy ( Endowment or whole life policy)
• GSLI policy is qualified and is treated as Endowment Policy for this purpose.
In every five years of service:
Term cover shall increase by Rs.1000/= if the officer possesses endowment policy and by Rs. 1250/= if he possess whole life policy.
Class I Officer

Type of policy in possession
Benefits of term cover
Event when payable
Minimum
Maximum
1.Endowment
4000
8000
Retirement/ Death
2. Whole life
5000
10000
Retirement/ Death

Terms Assurance/Free Insurance (For Class-III/IV Employees):
a) Terms Assurance(on Death)
Total service from confirmation
Class-III Employees (Rs.)
Class-IV Employees (Rs.)
Less than 5 years
4500
2250
5 years Or more but less than 10 years
6000
3000
10 years or more but less than 15 years
7500
7500
15 years or more but less than 20 years
9000
4500
20 years or more but less than 25 years
10500
5250
25 years or more
12000
6000

b) Free Ins. (on Retirement):
• Class III & IV employees retiring from the services of the Corporation are paid Free Insurance Benefit of ` 3,750/ – for Class III and ` 3,000/- for Class IV employees.
Employees Contribution
10% of pay
In case employee opted for Pension
Corporation’s contribution shall be made to Pension Fund.
Corporations Contribution
Matching contribution(10% of pay)
In case of employee who has not opted for Pension
Corporation’s contribution shall be made to Provident fund.

Provided that these rules shall not be applicable to the officers/employees joining the service of the corporation on or after 01.04.2010 and they shall be covered by a Defined contribution Pension Scheme. Since, these employees/officers are covered by Defined contribution Pension Scheme; they will cease to be governed by LIC of India (Employees) Pension Rules, 1995 and LIC of India Provident Fund No.1 Rules. Therefore, no deduction from salary against Employees Contribution to Provident Fund is to be made in respect of such employees
Employees on superannuation with minimum 10 years of active service or on voluntary retirement with 20 years of continuous service are eligible for pension. The total pension includes basic pension, additional basic pension and dearness allowance. The basic pension is equal to number of qualifying years of service divided by 33 multiplied by the average emoluments for the last ten months. The minimum pension is Rs.3010/- per month. Maximum of 1/3 rd of Basic Pension can be commuted.
Family Pension: It is payable to spouse or children below 25 years (in respect of son, unmarried daughter), in the event of death of an employee while in service or after retirement or even if the death occurs during probation period. Basic Family Pension plus additional Family Pension should not be less than Rs.3010/- per month.
Compassionate Allowance: Competent Authority may grant at his discretion a Compassionate Allowance to an employee who is dismissed, removed, terminated or compulsorily retired which shall not exceed 1/3 rd of Basic Pension and not less than minimum pension.
Invalid Pension: Employee with minimum 10 years service and retired from service on account of bodily or mental infirmity will be eligible for Invalid Pension.
Identity Cards will be issued to all the retired employees and family pensioners at Corporation’s cost on submitting the photograph size 2.5 X 2 cm by the retired employee.
[For Information Only]

Employees joined on or after 01.04.2010 are covered by DCPS. [Defined Contribution of Pension Scheme, 2010.]
Under this scheme, 10% of basic pay plus Dearness Allowance is deducted per month and Corporation contributes an equal amount to the scheme.
Both contributions will go to Pension Corpus.
Provident Fund benefits are not admissible.
Pension and commutation shall depend on the accumulated Corpus, type of annuity (Pension) selected and annuity rates available at the time of vesting.
In case of death of an employee while in service, the nominee shall have an option to receive cent per cent of the accumulated Pension Wealth in lump sum or may purchase a life annuity from any IRDA regulated Life Insurance Company.
On retirement, the retired employee may commute maximum of 1/3rd of Pension Wealth and the balance pension wealth will be utilized to purchase an annuity from any IRDA regulated Life Insurance Company.
On resignation, 20% of available Corpus will be paid as commutation and balance 80% to be utilized for the purpose of pension.
In service employees can avail PL encashment once in a Block of 2 Calendar Years. Current Block: 01/01/2014 to 31/12/2015. Next Block: 01/01/2016 to 31/12/2017.
Event
Maximum No. of days
Formula
In Service
15

Basic Pay, Spl Allow, Other Allow Excluding Functional Allow, HRA, Entertainment Allow.

(Salary+ Eligible Allow) ÷ 30 days (for all months) X No of PL

Retirement
240
Unavailed PL x Terminal salary excluding HRA, CCA, Transport Allowance and Functional Allowance.
Death
240
Unavailed PL x Leave Salary
Class-I/Class-II officers occupying Staff Quarter/Leased Accommodation can claim Retirement Traveling Allowance for shifting to Home Town or reimbursement in lieu of Retirement Traveling allowance for shifting to a local place not later than the month following the month up to which he/she has been permitted to retain the Staff Quarter/Leased Accommodation.

In cases where Staff Quarter/Leased Accommodation is not occupied, Retirement Traveling Allowance either on retirement or death may be claimed beyond the stipulated period of six months up to a period of one year from the date of actual retirement or date of death as the case may be with specific permission from the Competent Authority
For Declared Home Town: Entitled class for ZM (O) and above is Air fair and for other officers AC II tier along with family members and cost of transportation.
For Settling in the same place: Where the transportation of household goods does not require engaging a lorry, then the maximum reimbursement will be in metros Rs.2000 and Rs.1000 in other places. Where the transportation requires a lorry then reimbursement of transportation cost will be made subject to production of relevant receipts/voucher. In this case the limit is in metros actual subject to a maximum of Rs.6000/- and in other places actual subject to a maximum of Rs.4000/-. Apart from this loading and unloading charges are also reimbursable. In metros both loading and unloading charges are actual subject to a maximum of Rs.2000/- each and in other places actual subject to a maximum of Rs.1000/- each.