BREAKING NEWS

BREAKING NEWS ""**Expected DA for Bank Employees from Aug 2024 MINIMUM 7 SLAB AND MAXIMUM 24 SLAB*****I *****

VISITOR FROM WORLD

Free counters!

YOU ARE VISITOR

Blog Archive

LIVE

BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Sunday, October 18, 2015

LIC wage revision : Unions agree on proposal, demands betterment

LIC wage revision : Unions agree on proposal, demands betterment

Union leaders accepted the proposal made by management on 16th October summarily and demanded certain improvements.
Regarding PLLI, in which proposal was silent, the unions were informed that management had taken up the issue with govt. to calculate the PLLI on the basis of the current wage. The ED(P) further informed that the improvement in calculation will be effective from 2013-14.
Stagnation increment will be considered to avoid anomalies.
Management agreed to increase ceiling for both HRA and CCA.
Improvement of LTC and encashment demanded.
Paternity leave, child care leave to be introduced - positive response from management.
As per the circular issued by the Gen Secy. AIIEA, THE union is very much satisfied with the revision - 
"We have achieved a splendid wage revision in the most difficult economic and political environment."
by courtsey paycommission blogspot

No comments:

33.9 million Jobs: Good News! India plans to add 33.9 million jobs by 2028

33.9 million Jobs : India’s workforce is anticipated to expand from 423.73 million in 2023 to 457.62 million by 2028, adding a net gain of a...

script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js">