Some Good tidings after all ...... Gen.Secy. D.Krishnan flashes Good News .....( don't be in a hurry. It is not updation ! )

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/32                              23-07-2020,     

Friends        

Some Good tidings after all ......

Here's some sharing  of news that might  bring some relief into our long thirsting hearts.

1. The Instructions from CO on Existence Certificate says the returnable date is Dec 31 2020! This is exactly what we were asking for as a concession on this front, as the other minor points of relaxations that the CO E&OS circular embodied, were more in the nature of only cosmetic changes, not meeting the real problems faced in these Covid times by the Retirees. The CO Circular on this is reproduced. 

2.  The other happy news is that The Bank Unions have at last signed an MOU with IBA , which perhaps was helped to an extent by the pressure brought on both sides by the difficult times being gone through now. One indication that comes from the United Front of Bank Employees Unions is that the IBA has agreed for raising the Family Pension to 30% without Ceiling. I am trying to also reproduce the message on important matters included in the MOU. (enclosed as attachment)

3. There was a meeting this morning of some of my Chennai friends, who advised me to carry out the wishes of the majority of respondents on the reference made to them, on the LIC IPO issue, without waiting for all the rest of the members coming back with their vote. Accordingly, I will be drafting a letter to the Finance Minister on this matter shortly. I have also decided to push off the rest of the connected matters in that reference, made to the Executive Committee on the 15th of July 20, through a special communication, to the EC Meeting, due towards the year end.

That would obviously include the matter regarding my intended move to step down mid-term, from the office of the General Secretary. It was thought that the Federation is right now crossing through a very crucial period in its journey, and any internal  issue, should not be allowed to weaken our ability as a Federation, to take full advantage of the positive changes that are likely to come by. The Family Pension  hike for Bank employees , at once brings the prospect closer to us, as it remains a recommended point to the Govt. from the LIC.

With Best Wishes to all 

D.Krishnan

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