Less officers (say 80) retired under LCS
III. Estimate of Cost
_April 1990 Calculations
Total annual salary of $85 officers by 1997-$346,486,000
I
Compensation
at full conventional
scheme rate
539,059,000
41,466,000
497,593,000
No. of Officers
585
45
540.
Officers remaining in 1997
540
I
111
Compensation Payment
(A) Total Annual 10% of full Salary ($)
rate
(a) 20% of Annual Salary ($)
(C) 25% of Annual Salary ($)
IV
Incentivo Payment: 25% of Annual Kala.
Payable from 1997 onwards ($)
346,486,000 (10% of I}
(20% of II}
(25% of II)
-
26,653,000
319,833,000
319,833,000
49,759,000
63,967,000
79,958,000
79,958,000
to receive compensation and incentive payment
70% remaining in 1998
378
223,883,000
01h 11th ich
08
ths of the balance remaining in 1999
336
199,007,000
+
79
ths of the balance remaining in 2000
294
174,131,000
95
ths of the balance remaining in, 2001
252
149,256,000
Inlay lay mla NjG
ths of the balance remaining in 2002
chs of the balance remaining in 2003
203
124,380,000
168
99,504,000
ths of the balance remaining in 2004
126
74,628,000
ths of the balance remaining in 2005
BA
49,752,000
55,971,000
49,752,000
43,533,000
37,314,000
31,095,004
24,376,000
18,657,000
12,138,000
+
of the balance remaining in 2006
42
24,876,000
49,759,000
+353,594,000
63,967,000
+353,594,000
79,958,000
+353,594,000
353,594,000
Total (lung sun + 9 incentive payments
403,353,000
417,561,000
433,552,000
SECRET
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