The government gave a big gift to more than one lakh LIC employees, sanctioning a 17% salary hike

Salary increase of LIC employees: The government has approved a 17 percent increase in the salaries of the employees of Life Insurance Corporation, the largest public sector life insurance company. The decision to increase the salary of LIC employees will be considered effective from August 1, 2022. The central government’s decision will provide relief to around 1 lakh LIC employees and around 30,000 pensioners.

Two years’ arrears will be paid.

Giving information about the decision on the social media platform, LIC said that the central government has approved to increase the salary of 1.10 lakh employees by 17% with effect from August 1, 2022. Along with this increase, LIC employees will also get two years of salary arrears.

Contribution to NPS increased.

The central government has increased the contribution of LIC employees to the National Pension System (NPS) from 10 percent to 14 percent, which will greatly benefit the 24,000 employees who joined on April 1, 2010.

Increase in wages of LIC employees

Leave a Comment