DK 57 dated 7.3.19 from G.S. Sri D.Krishnan.

FEDERATION OF RETIRED LIC CLASS I OFFICERS' ASSOCIATIONS     

President :    N.P. Bali 705, Sur, Veena Saaz, Thakur Complex, Kandivali (East), Mumbai - 400 101 Mob : 9820324213 Email Id - npbali@hotmail.com

General Secretary :    D Krishnan No.6/1, Sreshta Riverside Apartments, Wood Creek Road, Nandambakkam, Chennai - 600089 Tel : 9176635967 / 044 42850049. Email Id - dkrishnan1@gmail.com

E circular No.DK/57                                                            7-03-2019

Friends,

Reg:  What is happening in RBI

Here is some real good news for us, the LIC Pensioners, who have been fighting for Pension Revision. This one has happened in RBI, where of course they have some history of Pension- revision having been given upto the 1997 stage wage revision, of in-service employees. The pensioners went to Court when Govt. wanted to withdraw what had been given. Mumbai HC favoured the Pensioners, upto what had already been given to them, and asked the Govt. to keep it where it was. The Govt. went to SC, and SC too toed the line of Mumbai HC. 

 

Now this is a victory for them, quite beyond just sustaining the 1997-stage revision, which had been extended to them already, and later threatened to be withdrawn .  The Govt. Circular letter to RBI has now covered the later Wage Revision stages too, for Pensioners, as you can see from the Copy reproduced here.( For LIC Pensioners, if this Revision were to be extended, the compensation levels should be higher because ours will have to cover 4 stages from 1997 onwards)  :

 

It may be relevant for me now to indicate, that we are already in the process of approaching the Central Govt. with a specially prepared Note to the PM. We hope that this attempt through sources close to the PMO, will yield some concrete results, in the near future. I do not, however, want that these should raise undue expectations on the part of our members, and suffer a crash later, if not much were to turn out. In the context of what has now happened to RBI Pensioners, I feel the right time has come for us too.