Hon.Finance Minister,
Government of India,New Delhi
Most Revered Sir,
Reg: Pension Matters of Retired LIC Employees.
I admire your Government’s gracious decision to honour the verdict of Supreme Court of India in respect of One Rank One Pension for Defence Personnel. It is ironical that LIC of India, did not care to implement the verdict dated 12-01-2010 of Hon. Justice Sri MN.Bhandari of Rajasthan High Court in respect of.
1) 100% Neutralisation of Dearness Allowance on pension of Pre-August 1997 retirees of LIC and
2) Upgradation of pension in accordance with wage revisions of employees effected in 1992, 1997, 2002 and 2007.
The special appeal of LIC on this Judgement was dismissed by the division bench of Rajasthan High Court on 21st January 2011. The review petitions filed by LIC on this were also dismissed on 19-08-2011 by the Rajasthan High Court.
The Punjab, Haryana High Court, Chandigarh High Court and Delhi High Court delivered identical judgements and directed LIC to implement the judgement of Sri MN.Bhandari to all pensioners and pay amounts of arrears with 12% interest.
Supreme Court dismissed the two special leave petitions of LIC on 8-08-2013 and ruled that there shall be no stay on the operation of the judgement of Sri MN.Bhandari. Three Special Leave petitions on the verdicts of the above High Court Verdicts are pending before Supreme Court converted as civil appeals.
LIC has been indulging in petty fogging and has been prolonging the litigation with the malicious intention of avoiding its liability. The liability on account of honouring the judgements will be nominal as enunciated in memorandums given to you by our All India Retired Insurance Employees Federation as also its units.
During the period of this tortuous litigation 37% of Pensioners passed away. Most of the remaining pensioners are in late 70’s and wrong side of 80’s .Who continues to live defying death, shadowing to devour them any moment. They suffer disabling ailments, unable to mutter their plight not audible to by standers.
I therefore pray you to give proper directions to LIC authorities to implement the verdicts of courts immediately. We hopefully wait for your gracious and compassionate decision.
With Regards,
Yours faithfully,
KKD.Hanumantha Rao,
President,
Retired Life Insurance Employees Association, Machilipatnam Division.
Supreme Court dismissed the two special leave petitions of LIC on 8-08-2013 and ruled that there shall be no stay on the operation of the judgement of Sri MN.Bhandari. Three Special Leave petitions on the verdicts of the above High Court Verdicts are pending before Supreme Court converted as civil appeals.
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During the period of this tortuous litigation 37% of Pensioners passed away. Most of the remaining pensioners are in late 70’s and wrong side of 80’s .Who continues to live defying death, shadowing to devour them any moment. They suffer disabling ailments, unable to mutter their plight not audible to by standers.
I therefore pray you to give proper directions to LIC authorities to implement the verdicts of courts immediately. We hopefully wait for your gracious and compassionate decision.
With Regards,
Yours faithfully,
KKD.Hanumantha Rao,
President,
Retired Life Insurance Employees Association, Machilipatnam Division.