Government notifies 12% wage hike for employees of PSU general insurers; links next with performance

“This Scheme may be called the General Insurance (Rationalisation of Pay Scales and other Conditions of Service of Officers) Amendment Scheme, 2022,” a gazette notification dated October 14, 2022 said. This wage revision is effective from August 1, 2017 and applicable to those who were in the service of these companies, it said, adding that officers and employees will get arrears for five years.

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