* CHRONICLE - PENSIONERS CONVERGE HERE, DISCUSS ISSUES OF THEIR CHOICE * CHRONICLE - WHERE EVEN THE CHAT COLUMN PRODUCES GREAT DISCUSSIONS * CHRONICLE - WHERE THE MUSIC IS RISING IN CRESCENDO !

               
                                   

Friday, March 23, 2012

NO PENSION PAYMENT DURING MONTH END !




THOUGH PENSION PAYMENT IS DUE ON 1ST OF EVERY MONTH, YOU ARE RECEIVING
PENSION ON THE LAST DAY OR SO OF THE PREVIOUS MONTH.  OF COURSE, SOME
OF YOU MAY BE GETTING PENSION LATE BECAUSE OF YOUR OPTION TO RECEIVE
PENSION PAYMENTS BY CHEQUE.

WE UNDERSTAND THAT NO PENSION WILL BE RELEASED DURING THE CLOSING DAYS OF MARCH 2012. 
RELEASE OF PENSION THIS MONTH WOULD MEAN PAYMENT OF 13 MONTHLY PAYMENTS OF PENSION DURING
THE CURRENT FINANCIAL YEAR.

TO AVOID THIS SITUATION, LIC HAS DECIDED TO RELEASE PENSION ONLY ON 3RD OF APRIL
2012, 1ST AND 2ND OF APRIL 2012 BEING BANK HOLIDAYS.