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The Life Insurance Corporation of India (LIC) is an Indian multinational public sector life insurance company headquartered in Mumbai. It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹ 52.52 trillion (US$610 billion) as of March 2024. [ 4 ]
A pay scale (also known as a salary structure) is a system that determines how much an employee is to be paid as a wage or salary, based on one or more factors such as the employee's level, rank or status within the employer's organization, the length of time that the employee has been employed, and the difficulty of the specific work performed.
[2]: para 2.2.13 [4]: p 1–2 The highest ranks such as the Secretary, and the Cabinet Secretary (or equivalent), were placed on an "Apex Scale" outside the grades with a fixed scale of pay. [4]: p 1–2 The Sixth Central Pay Commission recommended four running pay bands (excluding -1S). They would contain twenty grades.
Officers of these three services comply to the All India Services Rules relating to pay, conduct, leave, various allowances etc. [4] The central government is the Cadre Controlling Authority for all three All India Services.
The Average Indexed Monthly Earnings (AIME) is used in the United States' Social Security system to calculate the Primary Insurance Amount which decides the value of benefits paid under Title II of the Social Security Act under the 1978 New Start Method.
aao, ISO-639-3 code for the Saharan Arabic language a.a.O., am angegebenen Ort , or Loc. cit. in German publications Aktionsanalytische Organisation , former Austrian/German commune
A carpenter may be classified as a low scale occupation, but if there are none available the method will not account for that. In the EU, using a job evaluation scheme can provide a material factor defence for equal pay claims, but care must be taken to ensure that the scheme itself cannot be said to have a gender bias. [3]
The Lehman Scale was widely used in the 1970s, 1980s and 1990s but is no longer the standard that it used to be due to inflation ($100 in 1970 is $785 in 2023 dollars). To account for this, some banks developed variants in the 1990s that critics saw as overly greedy - for example, switching to $10 million increments (i.e., 5% of the first $10 ...