look news india
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. This decision of the Central Government will provide relief to about 1 lakh LIC employees and about 30,000 pensioners.
Two years' dues will be paid
Giving information about the decision on the social media platform, LIC said that the Central Government has approved 17 percent increase in the salary of 1.10 lakh employees from August 1, 2022. With this increase, LIC employees will also get two years' outstanding salary.
Contribution increased in NPS
The Central Government has increased the contribution in NPS i.e. National Pension System for LIC employees from 10 percent to 14 percent, which will greatly benefit the 24000 employees who joined on April 1, 2010.