A JOURNEY TOWARDS TRUTH, PEACE .

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 Ecircular No.DK/77                                                   08-08-2019 Dear Friends,                    Reg:  The Kerala HC Case dismissed by single Judge   It is a matter of regret that a good and just Case, has been lost. On reading the 6 page Judgment, I cannot but feel sad that the whole issue has been confused. Our main and substantively single point was that the principle accepted

I attach a chart prepared by me  showing the degrees of parity and degrees of disparity in pension in the absence of upgradation of pension with every wage revision for various generations of retirees and also as at 1/8/2019. The percentage of parity was calculated   as on the effective  date of every wage revision by taking the percentage of the existing  gross pension on that date to the gross pension of a similarly placed retiree who retired in the month of effective date of wage revision.Such ratios have been given in TABLE A. The corresponding percentages of disparity   were also calculated  by using the equation:  % of Disparity = 100-% of Parity in pension for each generation as on  the various effective  dates of wage revision and such ratios  have been given in TABLE B. For Group 1 retirees retired  up to 31/7/1992/1/4/1993(in case of Class I),the minimum percentage of erosion of parity as at 1/8/2019 was 47.8 for Assis