The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (i)
PUBLISHED BY AUTHORITY
No. 62] NEW DELHI, TUESDAY, FEBRUARY 22, 1983/PHALGUNA 3, 1904
Separate paging is given to this Part in order that it may be filed as a separate compilation
2 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II—SEC. 3(i)] (2) They shall come into force on the date of their MINISTRY OF FINANCE publication in the Official Gazette. ,(DepofH(lfckw£< Economic Affairs)^Insurance Division)
NOTIFICATION
New Delhi, the 22nd February, 1983
INSURANCE
The Life Insurance Corporation of India Class 111 and Class IV Employees (Superannuation and Retirement) Rules, 1983.
G.S.R. 96(E).—In exercise of th? powers conferred by sec- tion 48 of the Life Insurance Corporation Act, 1956 (31 of 1956), the Central Government hereby makes the following rules, namely :—
1. Short title and commencement.—(1) These IUICS may be called the Life Insurance Corporation of India Class III and Class IV Employees (Superannuation and Retirement) Rules, 1983.
2. Superannuation und retirement.—Notwithstanding any- thing contained in sub-iegulation (1J of regulation 19 of the Life Insurance Corporation of India (Staff) Regulations, 1960, but subject to the olher provisions of the said regulation 19, an employee belonging to Class III or Class IV nppuinied to the service of the Life Insurance Corporation of India on or after the date of commencement of these rules shall letire on completion of 58 years of age, provided that the compe- tent authority specified in Schedule IV to the said regulations may, if it is of the opinion that it is in th- interest of the Corporation to do ao, direct such employee to retire on r_>m- pletion of 55 years of age or at any time thereafter on gi.ing him three months' notice or salary in lieu thereof.
3. Interpretation,—Where any doubt or difficulty nriiei as to the interpretation of these rules, it shall be referred to the Central Government for its decision.
[F. No. 4/1/Ins. IHI83] Km. KUSUM LATA MITAL, Add). Secy.