• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

Govtempdiary

Govtempdiary is a prominent source of news for Central government employees

  • Home
  • Aicpin
  • Recent Post
  • DA From July 2023
  • Pay Matrix
  • Dopt orders
  • Recent Govt Orders
  • DA News
8th Pay commission NewsDA from July 2023


Pay Matrix7th Pay Commission Calculator
Dopt Order 2023Recent govt order
8th Pay commission NewsMACP Calculator
Gratuity CalculatorKV Fees Online
CGE Holiday 2023 PDFCGHS Rate list PDF
AicpinDA From July 2023

MoF Grants Bonus Payment for 3 Financial Years to LIC Employees

March 15, 2023 Eliza

The Ministry of Finance, Department of Financial Services in New Delhi has issued a notification on March 2, 2023, regarding the payment in lieu of bonus to the Class III and Class IV employees of the Life Insurance Corporation of India. The notification states that the payment in lieu of bonus for the periods of April 1, 2018, to March 31, 2019, April 1, 2019, to March 31, 2020, and April 1, 2020, to March 31, 2021, will be at the rate of 15 percent of the employee’s salary. The notification is issued under the Life Insurance Corporation of India Class III and Class IV Employees (Revision of Terms and Conditions of Service) Rules, 1985, sub-rule (2) of rule 13, subject to other provisions of the said sub-rule. The eF. No. M-16014/02/2022-Ins.I is mentioned in the notification, and it is signed by VINOD KUMAR, Under Secy.

Government of India Announces Bonus Payment for LIC Employees for 2018-2021 Period

MINISTRY OF FINANCE
(Department of Financial Services)
New Delhi, the 2nd March, 2023

S.O. 318.- In exercise of the powers conferred by sub-rule (2) of rule 13 of the Life Insurance Corporation of India Class III and Class IV Employees (Revision of Terms and Conditions of Service) Rules, 1985, the Central Government hereby determine that, subject to other provisions of the said sub-rule, the payment in lieu of bonus for the following periods to every Class III and Class IV employee shall be at the rate of 15 percent of his/ her salary:

i) From 1st day of April, 2018 and ending with 31st day of March, 2019; and
ii) From 1st day of April, 2019 and ending with 31st day of March, 2020; and
iii)From 1st day of April, 2020 and ending with 31st day of March, 2021.

[eF. No. M-16014/02/2022-Ins.I]
VINOD KUMAR, Under Secy.

Get Free email updates

Enter your email to subscribe to notifications from this site

Share this:

  • Email
  • Tweet
  • WhatsApp

Related

Filed Under: Bonus, CGE Latest News March 15, 2023

Primary Sidebar

Search

CALCULATORS

  • Expected DA Calculator from July 2023
  • 7th pay commission calculator [updated]
  • Salary Hike Calculator for Government Employees
  • Promotion/MACP Option form Calculator
  • Next MACP Calculator
  • 7th Pay Commission Pension Calculator
  • GPF Interest Calculator 2022-23
  • Age Calculator
  • Gratuity Calculator
  • HRA Exemption Calculator

Pay Matrix

  • Defence Personnel
  • MNS Officers
  • Tamil nadu
  • Rajasthan
  • Odisha
  • Gujarat
  • Haryana
  • Jharkhand
  • Madhya Pradesh
  • Nagaland
  • Tripura
  • Uttrakhand
  • Assam
  • Bihar
  • CSD Car Price List 2023
  • Maruti CSD Car Price
  • afd.csdindia.gov.in login

Secondary Sidebar

Recent Posts

  • Vigilance-Based System Enhancements for OBHS Staff
  • Approval of Postal Sub-Divisions for Village Banking – DOP
  • SSA Operation in Cases of Gender Change – DOP
  • Clarification on Promotional and Incentive Structure for PLI/RPLI
  • SOP for Non-Migrated Certificates in Finacle CBS

Footer

Copyright© 2010–2023

Central Government Employees News - Govtempdiary