LIC Class III and Class IV Employees Revision of Terms and Conditions of Service Amendment Rules, 2023
NOTIFICATION
New Delhi, the 17th August, 2023
G.S.R. 609(E) .—In exercise of the powers conferred by section 48 of the Life Insurance Corporation Act, 1956 (31 of 1956), the Central Government hereby makes the following rules further to amend the Life Insurance Corporation of India Class III and Class IV Employees (Revision of Terms and Conditions of Service) Rules, 1985, namely: —
- Short title, commencement and application. — (1) These rules may be called the Life Insurance Corporation of India Class III and Class IV Employees (Revision of Terms and Conditions of Service) Amendment Rules, 2023.
(2) They shall come into force on the date of their publication in Official Gazette.
(3) These rules shall be applicable to those Class III employees who were in the whole-time salaried service in the permanent establishment of the Corporation.
- In the Life Insurance Corporation of India Class III and Class IV Employees (Revision of Terms and Conditions of Service) Rules, 1985, in rule 4, in sub-rule (2), after clause (B), the following shall be inserted, namely: –
“(C) Officiating Cashier Allowance to Class III employees: —
Officiating Cashier Allowance to Class III employee shall be Rs. 140/- per day for paying and receiving cash:
Provided that this allowance shall not count for the purpose of calculation of Dearness Allowance, Provident Fund, Gratuity, House Rent Allowance, Pension, Encashment of Privilege Leave and fixation of salary on promotion;”
[F. NO. S-14014/04/2022-Ins.I]
MUKESH KUMAR BANSAL, Jt. Secy.
Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide notification number G.S.R. 357(E), dated the 11th April, 1985 and were subsequently amended vide G.S.R. 18(E), dated the 7th January, 1986, G.S.R. 1076(E), dated the 11th September, 1986, G.S.R. 961(E),
Source: https://egazette.gov.in/