A JOURNEY TOWARDS TRUTH, PEACE .

WE REGRET TO INFORM THAT COM.R.GOVINDARAJAN , ERSTWHILE OFFICE BEARER, JOINT SECRETARY  OF AIIEA PASSED AWAY LAST EVENING. THE AUTHOR JOINS HUNDREDS OF HIS FRIENDS AND MEMBERS OF AIIEA IN OFFERING OUR HEART FELT CONDOLENCES TO THE BEREAVED FAMILY. MAY HIS SOUL REST IN PEACE.

Proceedings  in DTH on 16/2/2017 We are informed that the counsel for AIIPA advanced his arguments and the court fixed the next date of hearing as  Monday the 20th Feb, 17  Hopefully it will be the concluding day and our Federation's Senior Counsel  will be arguing our case unless UOI  decides making any further submissions. We can reasonably expect that judgement will be reserved on 20th. GN Sridharan Gen.Secy.Fedn of Retd .LIC Class 1 officers' Assns.

THERE ARE REPORTS THAT OUR CASE IS ADJOURNED TO MONDAY CONFIRMATION IS AWAITED.

Today in DHC The hearing of our cases was resumed at   3 PM . It went to up to  4.30 PM . Nidesh Gupta continued his arguments covering (1) cut off dates with a few citations, (2) accounting figures, expense ratio and the sustainability of additional funds within the allowable statutory limits and (3) some points on actuarial calculations, bonus allocation , surplus determination and life fund. The argument went on well except on the (3) which, we believe, could have been kept out of scope. It is unfortunate that the arguments were made to go on a side track. On the (3) above, several questions and disagreements emanated from the Bench.  A simple explanation, specific and confined to, the financial capacity of LIC to meet our pension demands and redressing disparity could have served the purpose. On this, we on our part have given simple and to the point instructions to our counsels. We hope further proceedings will go on smoothly. There were occasions for the Bench to se

AS PER OUR INFORMATION HEARING IS ON. RESUMED. ARGUMENTS  ARGUMENTS..... ARGUMENTS..... ......

Today’s proceedings in DHC Arguments in our cases commenced today in the afternoon, at about  2.45 PM . We would like to convey that it was indeed consoling that this will be indeed the last lap of hearing. The Court had earlier expressed that certain matters of actuarial calculations be explained. LIC had arranged to bring ED (Actuarial) to be present for today’s hearing. She answered a few queries from the Bench. Shri Nidesh Gupta Senior Counsel for other petitioners argued for close to 1 1?2 hours, and stressed that DS Nakara Case well applies our issues as well.  He cited several case laws to strengthen his argument. As it was closing time, he could continue  tomorrow . His focus among others was that pensioners are in a homogenous class and cited sufficient case laws in support of the same. The matter will therefore be resumed at 2.15  tomorrow . We expect our Senior Counsel to put forth his points. We shall communicate again  tomorrow .  GN Sridharan Gen S

COURTS ARE  TO RESUME  SHORTLY AFTER LUNCH BREAK. PLEASE STANDBY FOR OUR CASES TO BE TAKEN UP  AFTER CASE NOs. A 22, A 24  & A 33 ARE OVER.

A COMMUNICATION FROM ONE OF OUR READERS . Dear Shri Sury, You must be reading the blogs of  PG Chronicle and Sahni My fear is ... will submit a big thesis to the Court on Valuation Process of LIC,  the Court will ask LIC to reply within a month or so, and another month for petitioners to file a counter, and this will go on for months to come and this is what the LIC wants- a red herring to divert Court attention from the main terms of reference by SC. This is my worst fear.of course, may or may not happen. . Yours, G.Krishna Prasad. THIS COMMUNICATION IS FORWARDED TO SRI G.N.SRIDHARAN FOR HIS COMMENTS. AUTHOR OF THE BLOG.

Our letter dated  9/2/2017  to ED (Per) on the above subject is reproduced below for your information . "Dear sir,  Re Deduction of premium for policy yr.2017-18 out of pension. It was a measure of great relief for the pensioners when it was decided last year that the share of the premium to be borne by pensioners will be deducted in 12 monthly instalments.     By the time the decision was taken some pensioners at different centers had already paid their premiums in lump or some instalments had been recovered for the cover period of 2016-17.It has been brought to our notice that those who had paid the premiums by a lump deduction for the last year will not be eligible to avail the facility/concession of monthly deduction for the ensuing master policy year.you will kindly appreciate that such a stand is not logical and will be against the spirit of the relief measure agreed to already.        We therefore appeal that suitable instructions clarifying the position to