[FO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART- SECTION 3, SUB-SECTION (iL GOVERNMENT OF INDIA MINISTRY OF FINANC DEPARTMENT OF FINANCIAL SERVIC Notification Ww New Delhi. dated the 8 Octoher 2010 In exercise Of the powers conferred by section AR of the Life Insurance Corporation Act. 1956 (31 of 1956), the Central Government hereby makes the Fallowing rules further to amend the Life Insurance Corporation of India Development Officers (Revision of ems. and Conditions of Service) Rules, 1986. namely: Short title, commencement and application (\) These tul may be eilled the Life Insurance Corporation of India Development OfieerstRevision of Terms and Co ions of Service) Amendment Rules. 2010, (2) Sune ay otherwise provided in these rules, these mules shall be dsemed to ha ecome inte free on the Ist day of August. 2007 Provided that where any Development Officer gives a notice in writing to the Comporation, within period as speci Why the Corporation, expressing his option lw be governed by the provisions of these rules from a date nat carhier then the date on which the said rules come into fotee and not later than the da ih ‘¢ of publication of s notification in the Official Gazette, then the Corporation may, by order, permit such Officer 10 be woverned by the’ sald fules with effect foe the said date and ne arrears for the period prior w the date si opted shall be payable to such Development Officer43) These rules shall be applicable to those Development OfTieers who were in the hole lime salaried service in the permanent establishment of the Carporation ay on oratier the PY August, 2007: Provided that the Development Officers whoye resignation had been accepted or whose services had beer terminated under tule 39 of Life Insurance Corporation of India (Staff) Rules, 1960 during the period from the | August, 2007 and the date of Publigution of this notification in the Official Gazette, shall not be eligible for the rears on aecount af revision ment Officers (Revision af Terms and In the Life Insurance Corporation of India Develo ‘Conditions uf Service) Rules, 1986: (i) in rule 2, for sub-rule (¢), the following sub-rule shall be substituted, namely: “Special Rules” means the Life Insurance Corporation of India Development Offficers (Revision of Certain Terms and Conditions of Service) Rules, 1989 and/or the Life Insurance Comorition of India Dexglopment Officers (Revision of Contain Terms and Conditions of Service) Rules. 2009"; (ii) in rule 4 for sub-rule (1), the following sub-rule shall be substituted, namely 2886: cl 11535 = 7004 14585 8404 17» (iil). in rule 4, for sub-rule (3), the follow ing subrule shall be substituted, namely 7G) Addition 1o the Basic Pay afier reaching maximum of the scales:= Subject wo the work record bein found satisfictory a Development OFTiver who has reached the maximum of the seule of pay. may be granted an addition to the basic pay equal to the last increment diene hy him. on first day of the month fallow completion of every three completed years af survive afler react fi such maximum or an the first day of the month following the completion of his appraisal year subject fo the maximum of four such additions:Provided that no Development Officer shall be entitled to the fourth such addition to the basic pay before completion af thee years after drawing the titd such addi Provided further that whete a Development Officer Is not granted such ack jon to the basic pay on first day of the month followin completion of three years of service pr aller drinwing such astditions. (such first day of the manth following completion of three years of serviee from the date of reaching maximum of the scale of pay or after drawing of such additions: referred fo as “the relevant date", his case shall fall due for review in each appraisal year in the month following that in which he completes twelve months of service as reckoned from the relevant date. se long as he has not been allawed such adklition to the basie pay. and if it is decided tw allow the Figet from the first of the month in such auWition subsequently, it shall take which the review has fallen duc in the appraisal year in which the decision is taken, Esplanation Fer the purpose of this rule ‘calendar year" ieans the period from the I day of January to the 34" day of Decerber”: Gv) in rule 5.~ fa) for sub-rule (1), the following subemle shall he substituted, namely = “(1) The seale of deamess allowance upplitable w Development Offivers shall be determined as under: (a) Index (by Be (e) Rate : For every Four points in the quarterly ave All India Average Consumer Price Index Number far Industrial Workers, se | Index No.2044 in the series 1960-100, of the All India Consumer Prive Index ahove 2944 points, a Development Officer shall be paid dearneys allowance at the rate of 0.15 “eof Pay