Officiating Cashier Allowance to Class III and Class IV Employees Amendment Rules 2023 in LIC

Officiating Cashier Allowance to Class III and Class IV Employees Amendment Rules 2023 in LIC

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: —

1. 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.

2. 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;”

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), dated the 7th December, 1987, G.S.R. 870(E) and 873(E), both dated the 22nd August, 1988, G.S.R. 515(E), dated the 12th May, 1989, G.S.R. 509(E), dated the 24th May, 1990, G.S.R. 620(E), dated the 6th July, 1990, G.S.R. 628(E), dated the 10th July, 1990, G.S.R. 338(E), dated the 11th July, 1991, G.S.R. 697(E), dated the 25th November, 1991, G.S.R. 46(E) and 47(E), both dated the 4th February, 1993, G.S.R. 746(E) dated the 13th December, 1993, G.S.R. 55(E), dated the 2nd February, 1994, G.S.R. 595(E) dated the 30th June, 1995, G.S.R. 669(E), dated the 27th September, 1995, G.S.R. 96(E), dated the 16th February, 1996, G.S.R. 102(E), dated the 22nd February, 1996, G.S.R. 261(E), dated the 22nd May, 1998, G.S.R. 532(E), dated the 27th August, 1998, G.S.R. 445(E), dated the 18th June, 1999, G.S.R. 611(E), dated the 30th August, 1999, G.S.R. 552(E), dated the 22nd June, 2000, G.S.R. 289(E), dated the 27th April, 2004, G.S.R. 561(E), dated the 5th September, 2005, G.S.R. 306(E), dated the 25th  April, 2007, G.S.R. 72(E), dated the 6th  February, 2008, G.S.R. 826(E), dated the 8th October, 2010, G.S.R. 30(E), dated the 14th January, 2016, G.S.R. 195(E), dated the 26th February 2016, G.S.R. 1087(E), dated the 24th November, 2016, G.S.R. 404(E), dated the 31st May, 2019 and G.S.R. 270(E), dated the 15th April, 2021.

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