Gratuity Scheme and Salary Revision
Sir, I worked in a Tamil newspaper from June 2002 to January 2013. My gratuity scheme is the LIC Group Gratuity Scheme. I resigned from my job in January 2013 and received a LIC gratuity amount of Rs. 98,327 as per the Majithia Wage Board. The Honorable Supreme Court upheld the Majithia Wage Board award with monetary benefits effective from November 11, 2011.
My last drawn salary was revised as per the Majithia Wage Board, but the company refused to revise the gratuity. The company stated that LIC gratuity is a one-time payment, and revision is not applicable. However, according to the Gratuity Act calculation, we consider the last drawn salary from time to time. Could you please provide the rules regarding LIC gratuity revision when the salary is revised after resignation?
From India, Chennai
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Sir, I worked in a Tamil newspaper from June 2002 to January 2013. My gratuity scheme is the LIC Group Gratuity Scheme. I resigned from my job in January 2013 and received a LIC gratuity amount of Rs. 98,327 as per the Majithia Wage Board. The Honorable Supreme Court upheld the Majithia Wage Board award with monetary benefits effective from November 11, 2011.
My last drawn salary was revised as per the Majithia Wage Board, but the company refused to revise the gratuity. The company stated that LIC gratuity is a one-time payment, and revision is not applicable. However, according to the Gratuity Act calculation, we consider the last drawn salary from time to time. Could you please provide the rules regarding LIC gratuity revision when the salary is revised after resignation?
From India, Chennai
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The best way to get correct information on this issue is to visit the Zonal head office of LIC on Anna Salai road and meet the concerned officials. Go with full details of the membership, scheme, etc. Since you are based in Chennai, there should be no issue in making a direct visit.
From India, Pune
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3180From India, Pune
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Payment of Gratuity Act, 1972 & The Rules.ppt
FORM - F (TN Payment of Gratuity Rules, 1973).xls
Abstract of PAYMENT OF GRATUITY ACT & RULES, 1972, FORM U[1].doc