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[Cites 0, Cited by 0] [Section 4] [Entire Act]

Union of India - Subsection

Section 4(2) in Life Insurance Corporation of India Class III and Class IV Employees (Revision of Terms and Conditions of Service) Rules, 1985

(2)In addition to the scales of pay specified in sub-rule (1) the following categories of employees shall receive a special allowance to the extent specified below. -
(A)Higher Grade Assistants appointed as Internal Audit Assistants
(a) For the first five years - Rs.1080/- per month
(b) For the next five years - Rs.1230/- per month
(c) For the subsequent years - Rs.1330/- per month
(B)Assistants appointed as receiving and paying Cashiers -Rs.2500/- per month:
Provided that this allowance shall not count for the purpose of calculation of Dearness Allowance, Provident Fund, Gratuity, House Rent Allowance, Pension, Encashment of PL and it shall not count for fixation of Salary on promotion.