God bless LIC pensioners !-GN Sridharan writes ! But it appears (Let God forgive me for my impatience!) God has Blessed LIC only, not PENSIONERS 111
This is just to inform that LIC has paid me today a sum of Rs.9898/ towards arrears on "implementation" of Delhi HC judgement .Of course no personal grievance as I am not a citizen falling under the BPL (below poverty line)category!
What is important to note is that they have of course deducted 40% IR received in terms of the earlier SC orders. While dealing with the matter in the 'clarification' part (para 108 of the jugement)the Delhi HC has clearly meant that 40% has to be treated as property already vested in the pensioners and had also spelt out the reasons for treating it so,the operative part (para 107) carrying specific directions to LIC does not make a mention of it in specific terms. Evidently LIC must have taken
God bless LIC pensioners
!-GN Sridharan
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Editor's OBITER DICTA.
A close friend of the Editor has celled from somewhere near Ernakulam that OUR LIC has provoked the pensioners, who, despite being repeatedly Blessed by God, the Almighty, the Omnipotent, The Omniscient, are being harassed only to ensure that
the major issues before the Delhi Supreme Court are not allowed to be placed/discussed before the Bench. They reasonably expect the appellants to accuse LIC with regard to the arrears payment and consequent deduction etc., etc., forcing the Bench to get sidetracked and not able to focus on the main issue of UPDATION or periodical revision of pension consequent on revision of basic pay to existing employees.
This is apparently a clever ploy on the part of our employers, he regrets.
By the way, a very close friend of mine right from 1962 reports that he has received Rs.57000 without deducting the 40% . How is it ? He retired before 1997 also.
Is there any third umpire Review GNS Sir !
CONFUSIONE PESSIMUS.
Confusion prevails amongst pensioners obviously. Our Employers (erstwhile of course) are very clear and candid as to what they should in
THE INSURANCE WEEK CELEBRATIONS.
What is important to note is that they have of course deducted 40% IR received in terms of the earlier SC orders. While dealing with the matter in the 'clarification' part (para 108 of the jugement)the Delhi HC has clearly meant that 40% has to be treated as property already vested in the pensioners and had also spelt out the reasons for treating it so,the operative part (para 107) carrying specific directions to LIC does not make a mention of it in specific terms. Evidently LIC must have taken
"Legal advice" that they have no obligation to follow 'obiters' in the judgement and that there will be technical compliance if they follow the "directions" of the court in letter if not in spirit!!
Once again the meanness of LIC - I mean those in top management who always have their eyes only on their own post retirement rehabilitation- is again to the fore in regard to aged/old pensioners after the episode relating to what we all know as MC Jain's matter.
!-GN Sridharan
**************************************************************************
Editor's OBITER DICTA.
A close friend of the Editor has celled from somewhere near Ernakulam that OUR LIC has provoked the pensioners, who, despite being repeatedly Blessed by God, the Almighty, the Omnipotent, The Omniscient, are being harassed only to ensure that
the major issues before the Delhi Supreme Court are not allowed to be placed/discussed before the Bench. They reasonably expect the appellants to accuse LIC with regard to the arrears payment and consequent deduction etc., etc., forcing the Bench to get sidetracked and not able to focus on the main issue of UPDATION or periodical revision of pension consequent on revision of basic pay to existing employees.
This is apparently a clever ploy on the part of our employers, he regrets.
By the way, a very close friend of mine right from 1962 reports that he has received Rs.57000 without deducting the 40% . How is it ? He retired before 1997 also.
Is there any third umpire Review GNS Sir !
CONFUSIONE PESSIMUS.
Confusion prevails amongst pensioners obviously. Our Employers (erstwhile of course) are very clear and candid as to what they should in
THE INSURANCE WEEK CELEBRATIONS.
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