Today’s proceedings – 17 th Oct 2016 - (note sent on behalf of G N Sridharan ) Input from legal committee members VK Jain, R Rajagpalan, M Arunachalam and Basu Deb Das The matter reached at 1.10 PM . Not much of submission could before lunch. After lunch arguments went till the end of the day. All the counsels appearing for petitioners vehemently contested the claim of LIC that they had satisfied the interim order of the SC. All the counsels for petitioners pointed out that the order have been misinterpreted the order which is meant to give relief. It is also pointed that even the literal interpretation of the order 40% relief must be as per Rule 3 (A). This Rule envisages fixing up of the pension as at 1.8.1997 relevant to 1740 points and therefore Pre Aug 1997 must also be brought to the Post Aug 1997 level and 40% of the increase has to be paid as interim relief. It is also pointed that Post Aug 1997 envisages an addition of 11.25% apart from
NEWS FROM FEDERATION OF LIC CLASS 1 RETIRED OFFICERS ASSOCIATIONS