FEDERATION OF RETIRED LIC CLASS I OFFICERS' ASSOCIATIONS
|
Acting President: Shri P.P.Dhamija R-6/104, Raj Nagar, GHAZIABAD – 201002. Tel: 0120-4107104 / 9810186067 Email Id – premdhamija38@gmail.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/59
20-04-2021
Friends,
Reg: Follow-up with Chairman …
I had reported
to you about the just concluded Wage Settlement for the in-service Employees of
LIC. I thought I should not miss this opportunity to request the Chairman to
follow-up on our matters too. It is quite important that the recommendations
from the Head of the concerned Organization too should be on record, for the
Govt. to extend the benefits of review of matters of Pensioners, that the
special Committee constituted for the purpose would suggest for Banks
primarily. Some reliable sources reveal that the Committee has been asked to
recommend Revision of Pension, not only for Pensioners of Banks, but also the
other financial institutions like the LIC. If this is true, as we believe it
should be, it suggests a big turn-around in the fortunes of the Pensioners, who
have been waging a long-drawn out struggle, to be brought to fair levels of the
market conditions, which have taken away our comparative positions financially.
I also thought
that the matter of the Pensioners who retired in the critical 8 month period
between 1st August 1992 and 31-03-1993, should be once again
taken up with the LIC Chairman, who had in my personal talk with him in May
2019, indicated his understanding and sympathy for those involved in this
injustice. Though, at present, we are still on with the Appeal to the Division
Bench of the Kerala High Court, I felt we should not leave it totally to the
uncertainties of the Court Decision, which often goes more by technicalities of
Rules, rather than the innate aspects of justice involved. So I have sent in a
personal letter to the Chairman, appealing to his sense of conscience, to take
a decision at the CO level itself, instead of making us go through the
never-ending process of litigation with all its infirmities.
So, here then
are the two letters addressed to the Chairman carrying our thoughts:
FEDERATION OF RETIRED LIC CLASS I OFFICERS' ASSOCIATIONS
19-04-2021
Dear
Sri Kumar,
Our heartiest congratulations and my personal
appreciation to you and your able team at the Central Office, for bringing
about a wage Revision meeting the varied aspirations of employees of all
classes. It must have been a rather testing time between coping with the
employees’ anxiety on one side and convincing the Central Govt. on the other.
While this is a regular five yearly exercise for the
Management and the Govt., some of the basic issues being continuously raised by
the Pensioners, should be a one-time effort, to break ground into a principle
of up-gradation of Pension, and also make improvements by way of enhancing the
Family Pension from its terrible low of 15% of last drawn pay of pensioner, to
30% as in Central Govt. and the RBI, and introduce the very healthy feature of
enhancing the Pension on a 5 yearly basis for those in the age group of 80 and
above, again, which in all fairness is applicable to as in
Central Govt.
We reliably learn from certain sources that the Govt.
has constituted a Committee of IBA members, to go into the Pensioners’ issues,
of not only the Banks but also LIC and the other public sector financial
institutions, and come up with their recommendations. We do earnestly
believe you have already sent in your recommendations on our matters, and would
now request you to kindly follow up vigorously, as you did for our in-service
folks, so that the Govt. could take a common view for LIC Pensioners too, when
the matter for Bank pensioners comes up before them.
I need not stress here again, as to how important it
is for the pensioners to be given the much needed consideration, to be brought
on some level of parity with the market conditions. As has been pointed out by
us a number of times, a retired MD at age 90 gets a pension lower by, say, 8000
or so, than an Assistant retiring now receives! This is not so much a
monetary comparison between ranks of LIC, as much as a reflection of how
much ground has been lost by the retirees over a period of time, mainly due to
the current Rules, where Pension fixed at Retirement remains static for the
rest of the life of the Pensioner!
We do hope our matter will receive your serious
consideration, and all-out efforts are made, to bring about a paradigm change
in the life of LIC pensioners, which would indeed be one more colourful feather
in your cap, akin to the landmark Revision you just achieved for those in
service now.
Thanking you and with Regards
D.Krishnan
General Secretary
==========================================
D.
KRISHNAN
Retd.
ED (HRD-OD)
L
I C of
India
20-04-2021
Sri M R Kumar,
The Chairman ,
LIC Of India,
Mumbai.
Dear
Sri Kumar,
Kindly
bear with me for this very personal communication on the subject of the problem
of 1992-93 retirees, where those officers who retired in the 8 month
interregnum between 1-08-1992 (effective date of Wage Revision), and 31-03
1993, were not given the Pension fixation on the basis of the Revised
scales. You will please recall my personal meeting with you in Ernakulam
on the 28th of May 2019, where I talked to you only on this matter,
and no other.
You
were extremely nice in sharing some inside information too, while you were ED
(P), earlier on. You mentioned to me in particular,
that Sri S K Roy, Chairman at that time, was keen that the matter
should be resolved. It clearly meant that at the level of the Chairman
and the ED (P), you were convinced of the fairness of the cause of these
retirees, which included the veteran, and past Chairman of LIC,
Late Sri K P Narasimhan himself.
You
had mentioned to me then, that on return to Mumbai, you will once again have
this matter re-looked. I carried hopes that we might see the end of this
gnawing issue.
Not
only it did not happen, the LIC chose to fight out, on the two Kerala HC cases,
which had been lying low for years on end. The sad part of that story is that,
the lady judge, honestly, could not somehow, grapple with the single point at
issue, what was held fair for Sri M C Jain , was fair for all similarly
placed. But that was the judgment of the HC, and we had no option, other
than to appeal to a Division Bench, where it still hangs, for normal Hearings
to re-start!
I
met Sri S K Roy in Kolkata in December 2019, and in a Breakfast pow-wow,
he made it clear that the decision not to extend it to all similarly
placed officers was made, after a reference with the then Attorney General/
Solicitor General, which according to him, constituted his individual opinion,
then.
I
request you to take a Decision on this at your level, even now, instead of
going on fighting the Court Case against these already tired, old, miniscule
numbers, who survive. I believe, given the commitment to conscience, you can
end the continuing agony of these very senior people, by extending the SC
judgment in the M C Jain case to all others similarly placed.
It
is bound to give you immense personal satisfaction, that the long pending issue
of your old LIC brethren saw a solution, finally, at your hands. As you move
out into sunset later, it is Decisions such as these, that will lend honour and
Dignity to the high seat you adorn.
I
am making this request to you purely at a level of friendship, with all the
sincerity at my command.
Yours
Most Sincerely,
D.Krishnan.
Chennai.
Meanwhile
my hearty Greetings to
all
D.Krishnan
General
Secretary
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