Purpose of this Booklet - A Quick Reference to Employee Benefits in LIC (As updated up to 03.04.18 )
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
(As updated up to 03.04.18 ) A Quick Reference to Employee Benefits in LIC Compiled by Zonal Training Centre, Kolkata Purpose of this Booklet
The purpose of this booklet is to provide the employees a handy material which contains
the basic features of the important employee benefits in a capsular form. The employee
may refer to this booklet anytime and anywhere he pleases. There are some benefits
which are not talked about. But these benefits exist.
While it is not possible to remember all the benefits, it is important that the employees
become more aware of the total package of benefits that the organization has to offer.
This book will be of utmost use to the employees to make them assured that the
Corporation is taking due care of them. They will probably be thrilled to find that the
benefits available in LIC are much more than available elsewhere.
Scope of this booklet
There is an index of contents at the beginning of the booklet with link. This will enable
the employees to go to any particular section quickly. This book is for quick reference
only. If the employee needs to study any section in details, he will have to read the full
circular available in the Jeevan Sanchar, the intranet site of LIC.
Help us to improve this booklet
We need to continuously improve this booklet in order to enhance its utility. The
employees are requested to tell us what more they want to see in this booklet so that the
book serves its purpose.
The suggestions can be sent to the following e-mail id:
ez_ztc@licindia.com
INDEX
Link is provided for prompt access to Subject/Circular
Employees’ Benefit Handbook / EZTC / Kolkata Page 2SALARY AND ALLOWANCES
Item Click to Subject Page
1 Scale of Pay at various cadres: 6
2 Stagnation Increment 7
3 Dearness Allowance 8
4 House Rent Allowance 8
5 City Compensatory Allowance (CCA) 9
6 Hill Allowance 9
6A Paradeep Port Allowance 10
7 Functional & Special Allowances 10
8 Officiating Cashier Allowance 10
9 North East State Educational Allowance 11
10 Graduation Increments and Graduation Allowance 11
11 Transport Allowance 11
11A Conveyance Allowance for PH/deaf and dumb also 11
13 Washing Allowance 12
14 Fixed Personal Allowance 12
15 Project Allowance for Engineers 12
16 Special Allowance for Class-III Employees for passing various 13
examinations
17 Special Allowance for all employees for passing examinations 13
conducted by the Institute of Actuaries
19 Allowance for the ITSG Group Members 14
41 Special Sports Allowance 24
51 Allowance for working at Mini Offices 29
18 Salary payable to temporary staff 14
INCENTIVES
Item Click to Subject Page
20 Incentives payable on passing Hindi Examinations 14
42 Incentives in respect of actuarial studies 24
43 Productivity Linked Lump sum Incentive (PLLI) 24
LOAN / ADVANCES
21A Education Advance 15
60 Housing Loan Scheme 37
21 Festival advance 14
22 Vehicle advance & Conversion of AAO/AO to ADM/DM Scheme 16
44 Cycle (three-wheel chair) Advance for orthopaedically 24
handicapped employees
23 Advance for purchase of PC/Laptop 17
24 Flood/Drought/Cyclone advance for all employees 17
REIMBURSEMENT
Item Click to Subject Page
Employees’ Benefit Handbook / EZTC / Kolkata Page 327 Reimbursement of the cost of Brief-Cases/Leather Bags to Officers 18
28 Reimbursement of Tea/Coffee Expenses: 18
29 Reimbursement of the cost of Dailies/Magazines 19
25 Purchase of Mobile Phones 17
26 Reimbursement of monthly Mobile recharge expenses: 17
26A Internet charge-Laptop 18
26B,26 Broadband usage charges-Landline, Telephone facility at residence 18
c of class I officer
MEDICAL / HEALTH
12 Cash Medical Benefit 12
48 Mediclaim 27
49 High Cost Protracted Treatment (HCPT) 29
46 Preventive Health Checkup scheme 26
LEAVE
32 Casual leave (CL): 21
33 Privilege Leave (PL): 21
34 Sick Leaves 21
35 Maternity Leave 21
36 Special Leave 22
LTC / TOUR / DA
Item Click to Subject Page
31 Leave Travel Concession 19
31A LTC Retired Employees 21
37 Daily Allowance for employees on tour 22
38 Lodging Charge on Tour 23
40 Daily Allowances payable to officers going abroad on business 23
visits
GROUP POLICIES / INSURANCE
Item Click to Subject Page
57 GTIS -1997 (for employees who opted for pension) 35
56 Group Insurance for Employees-2004 35
55 Group Savings Linked Insurance Scheme (GSLI) 33
55A New Group Insurance Policy in lieu of GSLI Policy 34
45A Group Insurance for cash carrying persons: 26
45 24 Hours Group Personal Accident Policy: 25
OTHER BENEFITS
39 Meal Coupon for employees 23
30 Ex-Gratia in lieu of bonus 19
47 Leasing of Flats/Houses for use as Staff Quarters 26
50 Employees Relief Fund 29
Employees’ Benefit Handbook / EZTC / Kolkata Page 4Item TERMINAL / RETIREMENT BENEFITS Page
52 Payment of Gratuity: 30
52A Additional Gratuity & Term / Free Insurance 31
53 Provident Fund: 32
54 Pension / ID Cards 32
58 Encashment of PL 36
54A Pension 2010: 33
59 Retirement Traveling Allowance: 36
MISCELLANEOUS
Special Guidelines for Employees 39
Relevant circulars 40
Some Specimen Forms & Charts 43
Basic Code of Conduct of the Employees 50
1. Scale of Pay at various cadres:
[Revised as per Gazette Notification dated 14/01/2016.]
The pay scale of Class-I officers of various cadres are as under:
Employees’ Benefit Handbook / EZTC / Kolkata Page 5Zonal Managers / Chief Engineers / 99835-2685(2) 105205-2880(1)-108085-
Chief 3150(1)-111235-3265(4)-124295
Architects (Selection Scale)
Zonal Managers / Chief Engineers / 89095-2685(8) 110575
Chief
Architects (Ordinary Scale)
Deputy Zonal Managers / Senior 79605-2300(3)-86505-2590(6)-102045
Divisional Managers / Deputy Chief
Engineers / Deputy Chief Architects
Divisional Managers / Superintendent 65805-2300(9)-86505.
Engineers / Senior Surveyor of Works /
Senior Architects
Assistant Divisional Managers / Senior Rs.53725-1610(1)-55335-1745(6)-65805-
Branch Managers / Executive 2300(4)-75005.
Engineers /
Surveyor of Works / Deputy Senior
Architect
Administrative Officers / Branch 44065-1610(7)-55335-1745(6)-65805
Managers / Assistant Executive
Engineers
/ Assistant Surveyor of Works /
Architects
Assistant Administrative Officers / 32795-1610(14)-55335-1745(4)-62315.
Assistant Branch Managers / Assistant
Engineers / Assistant Architects
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/ 14435-840(1)-15275-915(2)-17105-
Projectionists/Micro Processor 1030(5)-22255-1195(2)-24645-1455(3)-
Operators etc 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
Click to Back to Index
Pay scale of Class-IV employees is as under:
Drivers 13380-600(6)-16980-620(1)-17600-
Employees’ Benefit Handbook / EZTC / Kolkata Page 6745(12)-26540.
Sepoys / Hamal / Head / Peons/Liftman/ 11660-475(5)-14035-505(8)-18075-600(1)-
Watchman 18675-620(2)-19915-745(3)-22150.
Sweepers/Cleaners 11060-475(5)-13435-505(8)-17475-600(6)-
21075
Revision Rules: 2016.
Click the link for original Circulars.
CO/Per/ER-A/111/2016 dt 15/01/2016 for Class-III &IV
CO/Per/ER-A/110/2016 dt 15/01/2016 for Class-II
CO/Per/ER-A/109/2016 dt 15/01/2016 for Class-I
2. Stagnation Increment
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 Cadre Maximum No. of
Stagnation Stagnation
Increments Increments allowed
allowed
ADM 02 HGA 06
AO 05 Asstt/Steno 07
AAO 03 RC 07
Dev Officer 04 Class - IV 07
Click to Back to Index
3. Dearness Allowance
Rate: For every 4 points rise in the quarterly average of the All India Consumer Price
Employees’ Benefit Handbook / EZTC / Kolkata Page 7Index 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.
Click to Find Current DA Slabs
4. House Rent Allowance
All classes of employees except those staying at the Staff/Officer’s quarters/Lease
accommodation get HRA at the rates mentioned below:
Rate House Rate Allowance (Per month)
Place of Posting of Class-I Class-II Class III/IV
HRA MAX MAX MAX MIN
(i) Cities of Mumbai, Kolkata, 10% Rs 5320 Rs 5320 Rs 5320 Rs 1165
Chennai, Delhi, Noida, Faridabad,
Ghaziabad, Gurgaon, Navi
Mumbai, Hyderabad, Bengaluru
and other cities with population
of 45 lakhs and above
(ii) Cities with population 8% Rs 4490 Rs 4490 Rs 4490 Rs 1000
exceeding 12 lakhs, but less
than 45 lakhs and except
those mentioned at (i) and any
city in the State of Goa.
(iii.) Other places 7% Rs 4320 Rs 4320 Rs 4320 Rs 950
Click to Back to Index
5. City Compensatory Allowance (CCA)
CCA is payable to the employees of all cadres of employees as detailed below w.e.f.
01.08.2007:
Employees’ Benefit Handbook / EZTC / Kolkata Page 8Rate City Compensatory
of Allowance (Per Month)
Place of Posting
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 3% Rs 1330 Rs 1125 Rs 1055 Rs345
and other cities with population
of 45 lakhs and above
ii. Cities with population exceeding
12 lakhs, but less than 45 lakhs
and except those mentioned at (i) 2.5% Rs 1265 Rs 1040 Rs 990 Rs285
and any city in the State of Goa.
iii. Cities with population of 5 lakhs
and above but not exceeding
12 lakhs, State Capitals with
population not exceeding 12 lakhs, 2% Rs 980 Rs 910 Rs 850 Rs 210
Chandigarh, Mohali, Pondicherry,
Port Blair and Panchkula.
6. Hill Allowance
Hill allowance to all classes of employees is to be paid in the manner mentioned below:
Place of Posting Rate of Hill Class-I Class-II Class-III &
allowance Class-IV
Payable (Per MAX MAX MAX
Month)
Posted at places with
heights more than 2.5% of Pay Rs 765 Rs 615 Rs 615
1500 metres
Posted at places with
heights between 1000 2% of Pay Rs 615 Rs 485 Rs 485
and 1500 metres
Posted at places with
heights between 750 2% of Pay Rs 615 Rs 485 Rs 485
and 1000 metres
Click to Back to Index
6A. Paradeep Port Allowance:
Rs 185/-per month wef: 01/02/2016
Employees’ Benefit Handbook / EZTC / Kolkata Page 9Every Class-I, Class II, Class III & IV posted at Paradeep shall be paid “Paradeep Port
Allowance” as long as posted at Paradeep.
7. Functional & Special Allowances
The following allowances are payable to the employees of various cadres:
Cadres of Functional Allowances Special Allowances
Employees
Programmer-I / System Analyst Touring Officers in Audit &
Class-I (AAO to
= Rs 1130 per month Inspection = Rs. 1415 per
ADM)
(Except ITSG) month
Touring HGA in Internal
Scale of HGA Programmers =
Audit / Inspection =
Rs 900 p.m. (Except ITSG)
Rs 1080 p.m for first 5 yrs,
Scale of Assistant as MPOs =
Rs 1230 p.m. in next 5 yrs
Rs 285 p.m.
Class-III and Rs. 1330 p.m. thereafter
Scale of Pay of Record Clerks:
Asst as Receiving / Paying
Banda, Xerox and duplicating
Cashier = Rs 2500 p.m.
machine operators = Rs 150 p.m.
In the Scale of Sepoys as Head Peons, Liftmen and
Franking Machine Operators = Watchmen = Rs. 985 p.m &
Class-IV
Rs 120 p.m. this amount shall count for
all purpose.
8. Officiating Cashier Allowance
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]
Click to Back to Index
9. North East State Educational Allowance
Employees’ Benefit Handbook / EZTC / Kolkata Page 10Rs. 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. 10. Graduation Increments and Graduation Allowance 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] 11. Transport Allowance Class-I Officers : Rs 1330 per month (wef: 01/08/2012) Class III & IV employees : Rs 460 per month (wef: 01/08/2012) 11A. Conveyance Allowance for Blind and Differently Abled (Physically Challenged) Persons: 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. Please refer to circular Ref: CO/PER/ER-A/Res/PWD/C.A, Dated 08/07/2015 and Circular no. CO/Per/ER-A/087/2014 ,dated 08.11.2014. Click to Back to Index Employees’ Benefit Handbook / EZTC / Kolkata Page 11
12. Cash Medical Benefit
The cash medical benefits payable to various cadres of employees are as under:
Cadres of Employees Basic Salary Cash Medical Benefit
Upto Rs 60430/- Rs 13300 p.a.
Class-I Officers
More than Rs 60430/- Rs 19940 p.a.
Class-II Officers All Rs 8310 p.a.
Class-III & Class-IV
All Rs 6650 p.a.
Employees
13. Washing Allowance
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
14. Fixed Personal Allowance
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./ 1610
Assistant/Steno/HGA
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
15. Project Allowance for Engineers
The Project Allowance is given at the rate mentioned below:
Class-I: Rs 400/-p.m.
Class-III: Rs 285/- p.m.
Click to Back to Index
Employees’ Benefit Handbook / EZTC / Kolkata Page 1216. Special Allowance for Class-III Employees for
passing various examinations
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 Licentiate : Rs 340 p.m.
India: Associate : Rs 925 p.m.
Fellow : Rs 1585 p.m.
Examination of the Institute of Actuaries, Rs.340/- per month on passing each
London. subject.
Examinations of the Actuarial Society of India. Rs.340/- per month on passing each
subject.
Examinations of the Institute of Chartered Intermediate : Rs 665 p.m.
Accountants of India and the Institute of Costs Final Group A or B : Rs 1135 p.m.
& works Accountants of India 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 Rs 1585 p.m.
Institute of Company Secretaries of India
17. Special Allowance for all employees for passing
examinations conducted by the Institute of Actuaries
Allowance payable for Core Group employees at CO/ZO:
No of Papers Passed Special Allowance per Special Allowance per
month (CO) in Rs 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/-
Click to find Cir No: ZD/1155/ASP/2010 dt 14/06/2010 for Actuarial
Allowance
Click to Back to Index
Employees’ Benefit Handbook / EZTC / Kolkata Page 1318. Salary payable to temporary staff
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.
19. Allowance for the ITSG Group Members
Developer Rs 10,000 p.m.
Business System Analyst (BSAs) Rs. 15,000 p.m.
Project Leader Rs. 20,000 p.m.
20. Incentives payable on passing Hindi Examinations
Amount of Cash Reward (Rs)
Hindi Through Private
Through Corporation
Correspondence Course
Examination A B C A B C
Region Region Region Region Region 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
21. Festival advance
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
Employees whichever is less
RPT Workmen One month’s salary or Rs 13,000
whichever is less
Click to find Cir No: CO/Per/ER-A/123/2016 dt 01/04/2016 for
Festival Advance
Click to Back to Index
Employees’ Benefit Handbook / EZTC / Kolkata Page 1421A. Scheme of Education Advance to Employees of the Corporation. 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. 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 Click to find Circular No: CO/Per/ER-A/101/2015. Date: 08/08/2015. for Education Advance. Employees’ Benefit Handbook / EZTC / Kolkata Page 15
Click to Back to Index
22. Vehicle advance
Car and Scooter advance in respect of various cadres of employees is as under:
Name of Quantum Repayment Rate of Other conditions
Advance Term interest
Car Advance for ADM/ Full Purchase 1.Insurance Premium
DM on administration Price of new and Road tax paid by
side vehicles LIC
96 months 5%
2. This loan can be
availed for 2 times
(with 8 years’ gap)
Maximum of
Service Rs 1 lakh or
period less purchase 1. Insurance premium
Car 96 months 5%
than 3 price and road tax to be
Advance
years whichever is borne by the employee
for AAO/
less 2. This loan can be
AO
Service 5% up to 1 availed once during
##
period Full purchase lakh and service
96 months
more than price 9% on the
3 years balance
1. Insurance Premium
and Road tax paid by
Class-I Full purchase Recovery in 60 LIC
3%
Officers price months 2. This loan can be
availed for 2 times
Two
(with 7 years’ gap)
Wheeler
Full purchase 1. Insurance premium
Advance Class-III Upto Rs
price(Max.Rs and road tax to be
& IV 50,000/-
1,00,000/-) Recovery in 60 borne by the employee
Employees 5% and
months 2. This loan can be
with 5 yrs 9%
availed for 2 times
service ** thereafter
(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:
Option 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.
Option 2) Repayment of outstanding loan under existing [AO/AAO] Scheme and avail fresh
advance under ADM/DM Scheme.
For detailed conversion procedure click to find Circular:
CO/PER/ER-A/100/2015 Date: 10/07/2015
Employees’ Benefit Handbook / EZTC / Kolkata Page 16Click to find Cir No: ZD/956/ASP/2000 dt 31/05/2000 for vehicle advance. Click to Back to Index 23. Advance for purchase of PC/Laptop/I-pad/Tablet (incl. peripherals/accessories) 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. Click to find Cir No: CO/Per/ER-A/023/2013 dt11/03/2013 24. Natural Calamities/Flood/Drought/Cyclone advance for all employees Quantum is three months’ basic salary or Rs 50,000 whichever is less. This interest free advance is recoverable in 36 installments. click to find Cir No: CO/Per/ER-A/051/2013 25. Purchase of Mobile Phones The following amounts are reimbursed for purchase of mobile phones: AAO/AO/ADM Rs. 10,000 DM, SDM Rs 25,000 ZM & Above Rs 40,000 DO Rs. 8,000 Officers will be provided a new mobile handset after expiry of three years from date of purchase of the earlier mobile handset and need not return the old mobile handset. If the employee resigns, Voluntary retired, Dismissed,Removed from service within three years from the date of purchase of a mobile handset, a notional depreciation value @30% per annum will have to be paid to the Corporation. In case of death and normal retirement within the said period of three years, no recovery is to be made. For details, please refer to the circular no Ref:CO/OS/Mobile/ 2013-14 / 03, dated 01.07.2013,CO/OS/MOBILE/2013-14/03(a) dt. 02.09.2013 and CO/OS/MOBILE/2016/02 dt.01.06.16 ,CO/OS/Mobile/2016-17 dt. 28.06.16 And http://10.240.91.10/do/circulars/2016-17/Circular _Mobile Handset.pdf 26. Reimbursement of monthly recharge http://10.240.69.61/eos/ estweb_1/OS-CIR-28062016.pdfexpenses: Employees’ Benefit Handbook / EZTC / Kolkata Page 17
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
For recharge expenses up to DM vide Cir No:
CO/Per/ER-A/013/2012 dt12/12/2012
Click to Back to Index
26A. Reimbursement of Internet Charges for Hybrid
Laptops:
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
26B. Reimbursement of Broadband Usage Charges:
Broadband facility on residential landline:
ZM(O) & ZM(S) Rs 500/- per month plus tax
and all RMs(IT)
In this connection the circular no Ref CO/OS/OA/VPT/2010/13 dated 01.01.2011 may be
referred to.
26C. Telephone facility at residence of class1 officers
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 NA 700
CADRE
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 )
27. Reimbursement of the cost of Brief-Cases/Leather
Bags to Officers (once in 3 years)
Employees’ Benefit Handbook / EZTC / Kolkata Page 18AAO Rs 2,700 incl. sales Tax
AO/ADM Rs 3,400 incl. sales Tax
DM/SDM Rs 4,200 incl. sales Tax
ZMs/EDs Rs 5,000 incl. sales Tax
Click to find Cir No: Ref : CO/OS/P/2016/1 dt20/04/2016 for
Brief-Cases
28. Reimbursement of Tea/Coffee Expenses:
AAO/AO Rs 800
ADM/DM Rs 1000
SDM/DZM Rs 1200
ZM(O)/Chief-in-Charge/ED No Limit
Click to find Cir No: CO/Per/ER-A/103/2015 DT 01/09/2015
for Tea / Coffee
Click to Back to Index
29. Reimbursement of the cost of Dailies/Magazines
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
Click to find Cir No: ZD/1044/ASP/2004 dt 29/04/2004 for
dailies and Magazines
30. Ex-Gratia in lieu of bonus
Employees drawing a salary not exceeding Rs 10,000 per month are only eligible.
31. Leave Travel Concession
Employees’ Benefit Handbook / EZTC / Kolkata Page 19Once in a block of 2 years. 2 Blocks can be clubbed.
Current Block of Class I/II: 01.01.2015 to 31.12.2016
Current Block of Class III/IV: 01.04.2016 to 31.03.2018
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.
[Circular Ref: CO/ERA/LTC/RRB, Dated 05/06/2015]
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 I AC, Bus I Class or I Class Ordinary/
& Above by single seat in Economy class
a taxi
Other Officers 1AC Do Do Ordinary/
in Class-I Economy class
Cadre(SDM,D
M
ADM,AO 11 AC DO DO Ordinary/
Economy class
(if the total
distance
travelled by Air
is more than
Employees’ Benefit Handbook / EZTC / Kolkata Page 201000 Kms
AAO 11 AC DO DO NOT
ELIGIBLE
Development II AC Sleeper, DO DO NOT
Officers Rajdhani ELIGIBLE
Express Chair
Car, AC III Tier
Sleeper in
Rajdhani
Class III II AC Sleeper, Bus 11 Class NOT
Employees Rajdhani ELIGIBLE
drawing a basic Express Chair
pay of Rs
Car or AC III
22876/- and
above Sleeper in
Rajdhani
Class III II Class, Sleeper Bus II Class NOT
Employees Class other than ELIGIBLE
drawing a basic Rajdhani
pay of Rs Express
22875/- & II AC if night
below journey is
involved. AC III
Tier
sleeper/Chair
car in Rajdhani
Express if night
journey is
involved
Class IV II AC Sleeper, Bus Deck NOT
Employees Rajdhani ELIGIBLE
drawing a basic Express/ AC III
pay of Rs
Tier Sleeper
22876/- and
above
Class IV II Class/ Sleeper Bus Deck NOT
Employees Class (other ELIGIBLE
drawing a basic than Rajdhani
pay of Rs
Express
22875/- and
below
Employees’ Benefit Handbook / EZTC / Kolkata Page 21For procedure of LTC claim settlement, please refer to Circular No.
CO/Per/ER-A/095/2015 , dated 08.04.2015.and Cir. CO/Per/ER-A/070/2014,
Dt12/05/2014
Please refer to Circular CO/PER/ERA/LTC/RRB , Dt 05/06/2015 for Clarification
CO/PER/RE-A/133/2016 DT.14.07.16
Click to Back to Index
31A. LTC for Retired Employees
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.
Click to find Circular No: CO/Per/ER-A/018/2012
,dated 31.12.2012.
32. Casual 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 following
calendar year. Unavailed casual leaves are converted into Additional Sick Leaves with
full pay, upto a period of 60 days.
33. Privilege Leave (PL)
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
34. Sick Leaves
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.
Employees’ Benefit Handbook / EZTC / Kolkata Page 2235. Maternity Leave
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.
35(a)- Paternity Leave- Male employee having less than 2 surviving
children,this leave for a period of 15 days during the confinement of his wife may be
granted . This leave shall be utilized within a period of six months from the date of
delivery of the child and to be applied within a period of 15 days before the expiry of said
period of six months
Click to Back to Index
36. Special Leave
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 (only for Maximum 7 days in a year
recognized Unions)
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 2 nd 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.
37. Daily Allowance for employees on tour:
For tours less than 24 hours
Duration of tour DA Admissible
Less than 4 hours No DA
Employees’ Benefit Handbook / EZTC / Kolkata Page 23Between 4 and 8 hours 50% of DA
8 hours or more Full DA
Rates of DA admissible for various classes of employees
Cadre “A: “B” “C”
Class Class Class
City City 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/DM
Rs 1300 for ADM/SBM/BM/AO/ABM(S)/AAO
http://10.240.71.51/pers/era/CO_PER_ER-A_146_2016.pdf
Click to Back to Index
38. Lodging Charge on Tour:
Cadre/Class of Reimbursement Amount (Rs)
employees 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
Click to find Cir No: CO/Per/ER-A/016/2012 dt 24/12/2012 for
Lodging Charges
39. Meal Coupon for employees (Rs. per day)
ZM(O) & ZM(S) 340
SDM 295
DM 255
ADM 230
AO 195
AAO 175
DO 160
HGA 150
Assistant / Steno 135
RC 115
Class IV employees 105
Employees’ Benefit Handbook / EZTC / Kolkata Page 24Regular Part Time Workmen 60
http://10.240.71.51/pers/era/Meal Coupon Circular- 2017.pdf
Daily Allowances payable to officers going abroad on
business visits:
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
Click to Back to Index
41. Special Sports Allowance
Level of Sports Event Special Sports Allowance Payable
LIC Divisional Level Tournament Rs 300
LIC Zonal Level Tournament Rs 450
All India LIC Games Rs 800
Rs 800 ( ALL INDIA/NATIONAL
Representing LIC in outside Tournament LEVEL,Rs. 450 ( other than all
india/national)
Click to find Cir No: CO/HR/SPR/108/11-12/011 dt
19/09/2011 & ref CO/HRD/SPR/108/13-14 DT. 20.04.13
42. Incentives in respect of actuarial studies
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.
Employees’ Benefit Handbook / EZTC / Kolkata Page 2543. Productivity Linked Lumpsum Incentive (PLLI) 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 44. Cycle (three-wheel chair) Advance for orthopaedically Challenged employees 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. Click to Back to Index 45. 24 Hours Group Personal Accident Policy, 2014-15 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 Benefits Payable to the Settlement Procedure Accident employee/Legal Heirs Employees’ Benefit Handbook / EZTC / Kolkata Page 26
Death Capital Sum assured, as per
The claims are to be made in the
table below. prescribed form by the employees/legal heirs
Loss of two limbs, Capital Sum assured, as per through the office of the employee, to the Chief
two eyes or one limb table below Regional Manager,
and one eye Oriental Insurance Co. Ltd.,
Loss of one limb or 50% of Capital Sum assured CBRO Mumbai;
Oriental House, 3rd Floor,
one eye as per table below. 7, J Tata Road, Churchgate,
Permanent total Capital Sum assured, as per Mumbai 400 020
disablement from table below Tel No 022-22821716
injuries other than 022-22816569
those mentioned Intimation of Claims will be made immediately
by concerned LIC Office and in any case not
above later than 6 months.
Permanent partial Specified percentage of
disablement (PPD) Capital Sum assured as per
policy document 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
Expenses for Actual expenses subject to a 2. FIR
Carriage of Dead maximum of 2% of the sum 3. Police Final Report
body and / or funeral assured or Rs 2500/- 4. Panchnama
expenses whichever is less 5. Post Mortem Report
6. Death Certificate
7. Salary Certificate
Document Nos 2,3,4,5,6 must be Notary attested
Under this policy, all premiums are paid by the Corporation.
Capital Sum Assured effective from 1.2.2014:
Category Basic Pay (Rs.) Sum Assured
I 50810/- & above 25 Lacs
II 35300/- to 50809/- 20 Lacs
III 24800/- to 35299/- 15 Lacs
IV Less than 24800/- 10 Lacs
Please refer to Circular GPAP-2014-15, CO/Per/ER-A/089/2014 dated
20/11/2014
And Cir No: CO/Per/ER-A/057/2014 Dt 04/03/2014 GPAP
Form for Declaration for Assignment (GPAI)
Click to Back to Index
45A. Group Insurance for cash carrying persons
Group accident policy for employees A capital sum assured of Rs 10,00,000
carrying cash to the bank and the
employees accompanying them.
Employees’ Benefit Handbook / EZTC / Kolkata Page 2746. Preventive Health Checkup scheme
Amount to Frequency of checkup in age band where age is based
Category be on age last birthday
Reimbursed 40-44 45-49 50-54 55-60
I Basic Pay
Rs 58690/- Rs 5,000 Once Twice Twice Every Year
& Above
II Basic Pay
from Rs
Rs. 4,000 Once Twice Twice Every Year
42196/- to
Rs. 58689/-
III (Basic
Pay below Rs. 3,000 Once Twice Twice Every Year
Rs 42196/-)
Revision effective from 15/01/2016.
It is to be noted that there has to be a gap of two full years between two preventive check-
ups if the age of the employee is up to 54 years. For the employees above 55 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.
Click to find Cir No: CO/Per/ER-A/026/2013 dt 12/03/2013
47. Leasing of Flats/Houses for use as Staff Quarters
Lease Rental Limits:(Ref:Circular-CO/SBU/Estates/Circular no 66 dt.23.04.15)
Rental Ceiling
Metro A Class B Class C Class Cities
Cadre
Cities Cities (Rs) Cities (Rs)
(Rs) (Rs)
SDM/DM-in-
29000 23000 16000 13000
Charge
DM/SBM/ADM 26000 21000 14000 12000
BM-I/C 21000 16000 11000 9000
BM/AO/ABM/
20000 15000 10000 8000
AAO
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:
Carpet Area in Sq ft.
Cadre
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
Employees’ Benefit Handbook / EZTC / Kolkata Page 28HGA 400 600
48. Group Mediclaim
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 M/S MD India www.mdindiaonline.com
Zone & CO Healthcare Service (TPA) 18002335588
Pvt. Ltd.
North Central Zone M/S Raksha TPA Pvt Ltd www.rakshatpa.com
18001039533
East Central/Eastern Zone M/S Heritage Health www.heritagehealthservice.com
TPA Pvt Ltd. 18001024547
South Central Zone M/S Medi Assist India www.mediassistindia.net
TPA Pvt. Ltd. 18004191154
Southern Zone M/S Vidal Health TPA www.vidalhealthtpa.com
Pvt.Ltd. Kerala-18004256268
Tamilnadu-18004257595
List of Hospitals covered will be available in TPAs website as well as LICs intranet
website.
Employees’ Benefit Handbook / EZTC / Kolkata Page 29The Policy is being serviced by The New India Assurance Company Limited. The coverage under the policy: 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 Ref: CO/PER/ER-A/172/2017 DT. 26.12.17 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 3/4 th 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. http://10.240.71.51/pers/era/CO_ER-A_164 dtd 23.09.2017.pdf . CO/PER/ER-A/098/2015 Continuation parents/in-laws dated 22.06.2015. Renewal of Group Mediclaim Family Floater Policy 2015-16. CO/PER/ER-A/096/2015, dated 13/04/2015; Vide Cir No: CO/Per/ER-A/091/2014 , dt 17/12/2014 Advance Mediclaim / HCPT, Cir No: CO/Per/ER-A/062/2014 ,dt 02/04/2014. Revision Gr. Mediclaim, Cir No: CO/Per/ER-A/058/2014 Dt 04/03/2014. Vide Cir No: CO/Per/ER-A/082/2014 , dt 08/09/2014 for Regular Part timer , Click to Back to Index 49. High Cost Protracted Treatment (HCPT) 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. Employees’ Benefit Handbook / EZTC / Kolkata Page 30
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.
There is a provision of granting advance also.
Please refer to Cir. No: CO/Per/ER-A/059/2014 Dt 04/03/2014, and for
Advance Cir No: CO/Per/ER-A/062/2014 dt02/04/2014. And Cir No: CO/Per/ER-A/
073/2014 , dt 10/06/2014
50. Employees Relief Fund
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/-
51. Allowance for working at Mini Offices
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.
Please refer to Circular No: CO/Per/ER-A/128/2016 dt 13/05/2016.
CO/Per/ER-A/094/2014 , dt 26/03/2015 ; CO/Per/ER-A/068/2014 , dated
08/05/2014, and CO/Per/ER-A/033/2013 ,dt 24/06/2013
Click to Back to Index
52. Payment of Gratuity:
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
Employees’ Benefit Handbook / EZTC / Kolkata Page 31per 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./-
FORM OF NOMINATION FOR GRATUITY
Click to Back to Index
52A. Additional Gratuity (for Class-I and Class-II Officers):
Employees’ Benefit Handbook / EZTC / Kolkata Page 32• 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 Benefits of term cover Event when payable
possession 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)
Class-III Class-IV
Employees Employees
Total service from confirmation (Rs.) (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 3750
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.
Click to Back to Index
53. Provident Fund:
Employees’ Benefit Handbook / EZTC / Kolkata Page 33Employees Contribution 10% of pay
Corporations Contribution Matching contribution(10% of pay)
Corporation's contribution shall be made to Pension
In case employee opted for Pension
Fund.
In case of employee who has not Corporation’s contribution shall be made to
opted for Pension 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.
FORM OF NOMINATION FOR PF 1
54. Pension:
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.
Click to Back to Index
Employees’ Benefit Handbook / EZTC / Kolkata Page 3454 A: Pension Scheme (DCPS), 2010: [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.
55. Group Savings Linked Insurance Scheme (GSLI)
Revised Monthly
Basic Total Corporation’ Contribution of
Pay Life Life s Share of Employee
Basic Pay
Category w.e.f Cover Cover Life Cover towards
(Rs)
01-11- (Rs) Premiu Premium Life
Savings
2016 m (Rs) (Rs) Cover
(Rs)
(Rs)
50810 & 97150 &
I Above above
2000000 440 110 330 817
67415
35,300-
II TO 1700000 372 93 279 691
50809
97149
47285
24,800-
III TO 1300000 284 71 213 527
35,299
67414
24385
12,855-
IV TO 850000 184 46 138 342
24,799
47284
V 7,115-12854 13435 600000 132 33 99 245
Employees’ Benefit Handbook / EZTC / Kolkata Page 35TO
24384
Less
VI Below 7115 than 350000 76 19 57 141
13435
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.
Vide Cir No: CO/Per/ER-A/077/2014, dt 04/08/2014 for new member restriction
Form of Appointment of Beneficiary (GSLIS)
55A.New Group Insurance Policy in lieu of GSLI Policy
Revised Basic
Total Life
Effective
Category Basic Pay (Rs) Life Cover (Rs) Cover
From
Premium (Rs)
01/04/2016
97150 &
I 50,810/- & above 2000000 323.33
above
67415 TO
II 35,300/-to -50,809/- 1700000 274.83
97149
47285 TO
III 24,800/--35,299/- 1300000 210.17
67414
24385 TO
IV 12,855/--24,799/- 850000 137.42
47284
13435 TO
V 7,115/--12,854/- 600000 97
24384
Less than
VI Below 7,115/- 350000 56.58
13435
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
Employees’ Benefit Handbook / EZTC / Kolkata Page 36You can also read
