From Gen.Secretary D.Krishnan DK 67 dated 2nd July 2021

 

FEDERATION OF RETIRED LIC CLASS I OFFICERS' ASSOCIATIONS   

Acting President :     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/67                                                           02-07-2021

Dear Friends,

Reg:  Some thrust on Updation of Pension for Banks

My previous Circular DK—66  carried some discussions around the matter concerning Pension Up-gradation. There was more of a speculative thinking, rather than concrete facts. Now there is a message from Sri B R Mehta of Panchkula Assn. regarding some real push at Governmental levels, although in the context of Public Sector banks only. But then, the breaking of new ground for Bank Pensioners, would certainly mean a similar extension to Pensioners of LIC too. It will have to wait just for that bit of time for the principle to be extended to us in the LIC. I therefore take it that this is an important development for us too. I reproduce here the Message from Sri Mehta for your information.

The letter  dt. 30-06-2021, of Retd. Bank Employees’ Federation to FM is enclosed as attachment

 An update dt. 1-07-2021 regarding Pension Updation Issue for Banks Pensioners

ALLINDIA BANK RETIREES ACTION FORUM (Regd.),NEW DELHI-   1st July, 2021

Dear Members,

We wish to inform you that due to our persistent efforts, the matter of Revision/Updation of Pension and Family Pension was vigorously taken up by Hon'ble MP Shri Ram Kripal Yadav ji and Hon'ble MP Shri Suresh Kumar Pujari ji yesterday in the Subordinate Legislation Committee meeting held at Parliament Annexe, New Delhi.

Few other MPs also evinced interest in this discussion. Apart from 15 MP members of the  Committee, Shri Pankaj Jain, Additional Secretary, DFS and few MD & CEOs of Banks were also present in the meeting. Hon'ble MPs stressed on to know the reasons from Shri Pankaj Jain for inordinate delay in Revising the Pension in PSBs and what steps are being taken by the Government to resolve this matter at the earliest. Shri Pankaj Jain assured Hon'ble MPs that the matter is under active consideration of the Government for the present.

Hon'ble MPs again asked Shri Jain to expedite the matter in view of the Revision/Updation in Pension already permitted by DFS to RBI and NABARD Pensioners.

Today morning Shri Jugal Kishore Julka, GS, AIBRAF along with Shri Dharam Singh Senior Executive & Core Committee Member met Hon'ble MP Shri Ram Kripal Yadav ji and thanked him for raising our concerns in the meeting with full force. We also went to meet Hon'ble MP Shri Suresh Kumar Pujari ji also but he had left for an urgent meeting.

Earlier at the Patna office of Hon'ble MP Shri Ram Kripal Yadav ji, our President Harihar Sinha briefed him details of our concerns. The MP exclaimed about atrocities against Bank Pensioners and assured to raise voice strongly in the Committee meeting. Shri Harihar Sinha, President AIBRAF also handed over a memorandum followed by Speed post and Email memoranda to all Members of the Committee by General Secretary Shri Jugal Kishore Julka and Shri Dharam Singh ji.

Friends, in the Parliamentary history and in this vital Subordinate Legislation Committee meeting, the voice for Bank Pensioneris is raised for the first time with so much fervour. Both the MPs specifically Shri Ram Kripal ji and Shri Suresh Kumar Pujari ji deserve appreciation from us and we paid gratitude to them.

Shri Ram Kripal ji, MP further assured for vigorous follow up for which we may hope for  opening of way for solutions.

We will be in constant touch with the Hon'ble MPs and DFS officials in this regard and will followup with them and others regularly.

*With best wishes & warm Regards.  OUR UNITY LONG LIVE.

Harihar Sinha             Jugal Kishore Julka

PRESIDENT                GENERAL SECRETARY

 

This apart, there has also been some clear movement forward in the direction of the IPO slated for LIC. The News coverage in Financial Papers say that around 27 corrections to the LIC Act 1956, have been already made under part III of the Finance Act 2021, to clear the ground for making LIC a Company under Companies Act, from its present status of a Corporation, fully owned by the Govt. of India. Among the various clauses that are sought to be changed, are  those for Appointment of Statutory auditors, Audit Committee being appointed, constitution of the Board etc, thus removing the legal impediments to the proposed IPO of LIC. Many of us would have also known the constitution of a Dept. under an Executive Director in the CO of LIC, exclusively for taking care of matters relating to the IPO.

With Greetings

 

D.Krishnan.

Encl: letter_no_521-_meeting_with_FM_on_retiree_issues..pdf

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D.Krishnan

General Secretary

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