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[QUOTE=Harsh Pandit;388553]Would you please tell about the Pension Scheme for S level employees & Workmen at Indian Oil Corporation Limited (IOCL)?

As you want I am here telling you about the Pension Scheme for S level employees & Workmen at Indian Oil Corporation Limited (IOCL).

Indian Oil Corporation Limited (IOCL’s) contribution to pension Executives, S level employees & Workmen:
Rs.541 p.m. (Calculated at 8.33% on Rs.6500)

Pay Scales in Petroleum and Power sector PSUs

Name of PSU      Executives Workmen  
(Rs) (Rs)

Indian Oil Below Board level Workmen

Corporation I -23750-28550 VIII - 7400-14750 (AI 3% of BP)
H - 20500-26500

G - 19500-25600 VII - 6700-13700 (AI 3% of BP)  
F -19000-24750

E -18500-23900 VI - 6300-13000 (AI 3% of BP)

D -17500-22300 V - 5800-11800 (AI 3.5% of BP)  
C - 16000-20800

B -Rs.13750-18700 IV -5400-10850 (AI 3.5% of BP)  
A -12000-17500 
[Annual Increment (AI) 4% of  III -5000-9800 (AI 4% of BP)  
BP)    II - 4800-8900 (AI 4% of BP)

[IMG]https://eduvark.com/img/h/Pension-Scheme-in-IOCL-1.jpg[/IMG]
[IMG]https://eduvark.com/img/h/Pension-Scheme-in-IOCL-2.jpg[/IMG]

Here is the attachment .[/QUOTE]

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September 22nd, 2016 03:47 PM

Harsh Pandit

Pension Scheme in IOCL

Would you please tell about the Pension Scheme for S level employees & Workmen at Indian Oil Corporation Limited (IOCL)?

As you want I am here telling you about the Pension Scheme for S level employees & Workmen at Indian Oil Corporation Limited (IOCL).

Indian Oil Corporation Limited (IOCL’s) contribution to pension Executives, S level employees & Workmen:
Rs.541 p.m. (Calculated at 8.33% on Rs.6500)

Pay Scales in Petroleum and Power sector PSUs

Name of PSU Executives Workmen
(Rs) (Rs)

Indian Oil Below Board level Workmen

Corporation I -23750-28550 VIII - 7400-14750 (AI 3% of BP)
H - 20500-26500

G - 19500-25600 VII - 6700-13700 (AI 3% of BP)
F -19000-24750

E -18500-23900 VI - 6300-13000 (AI 3% of BP)

D -17500-22300 V - 5800-11800 (AI 3.5% of BP)
C - 16000-20800

B -Rs.13750-18700 IV -5400-10850 (AI 3.5% of BP)
A -12000-17500
[Annual Increment (AI) 4% of III -5000-9800 (AI 4% of BP)
BP) II - 4800-8900 (AI 4% of BP)

Here is the attachment .

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