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

Saturday, September 19, 2015

100% DR NEUTRALISATION AND NOT UPGRADATION WAS PRIORITY


Referring to the post of Mr S Ramakrishna,it was a known fact  as far as Class I Retirees’ Federation was  concerned that only 100%  DR neutralization  on 1/8/1997 for pre-August 1997  retirees  was its priority  and not upgradation  of pension  right from the day  the writ petition was filed in  the Delhi High Court in 2007.

Even the process  of merger of DR(without weightage) that is  being adopted for  revision of pension is done as an one time  exercise by LIC  and similar revisions have not been effected on 1/8/2002 and 1/8/2007,not to speak of the  upgradation in the true sense of the term.

In the absence of  upgradation of pension, the pre-August 1997 retirees are not on par with post-July  1997 retirees as Mr Ramakrishna thinks, as post-July - 1997 retirees had at least got one revision of salary on 1/8/1997 with weightage after merger of DA with Basic Pay while pre-August 1997 retirees have been  suffering  from a prolonged DR anomaly with  relatively reduced  amount of pension even forgetting upgradation.

Even this pittance amount that LIC is reported to have paid by way of interim relief has not been paid to all eligible pensioners. Let us not forget that  at least about 12000 pre-August 1997 retirees are  not going to get even this pittance when the Delhi HC has ordered the benefits in rem.

It looks as though membership of a Federation or being a petitioner  in a case is the criterion for receiving even a small interim benefit ordered by the Apex Court  from a reputed financial institution like LIC.Are we retired employees first or members of any Association or Federation first ? It is for the Supreme Court to take a call on 23rd inst.

Also as far as I have heard, the lowest amount of IR received was Rs 750/- while the highest amount so  far was Rs 63000 plus(for a retd ZM).In most cases the IR may not even come  to two month’s  gross pension.

If Mr Ramakrishna is aggrieved that upgradation of pension has not been effected while paying interim relief, then he has  only to ask the question  why it is not coming forth to the  Retiree Class I Federation  leaders.

The developments  that have taken place since 7/5/2015 have already vertically split the retiree group in the collective  sense, but we must all admit  that the post-August 1997 retirees  are happy that  pre-August  1997 pensioners  are getting  some relief-however negligible it may be-as the former  are aware of the huge loss they have incurred  since their retirement on account  of chronic DR anomaly and  lack of equitable neutralization.  

The worst hit in the present dispensation is the group of family pensioners of pre-August 1997 retirees who will get reduced family pension if LIC’s method of calculation for pre-August 1997 arrears is followed for them. In all cases without exception, there will be recovery of pension. Does a family pensioner have to be orphaned when an eligible Federation member has unfortunately passed away?

Are not we surviving pensioners more fortunate?

Greetings.
C H Mahadevan