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Saturday, September 05, 2015

RE 20% PAYMENT


Ironically it has emerged that 
LIC has been more gracious 
than it has so far intended to be 
while remitting amount in 
Jaipur High Court Registry.

In respect of Mr A P Tiwary who is one of the petitioners in Jaipur,LIC had totally paid Rs 14984/-as arrears upto 31st Oct 2013.

On a query by Mr R K Sahni who had calculated that only Rs 504/- was payable to Mr Tiwary as per the (faulty) method adopted by LIC,I happened to work out independently and the arrears as per my calculation worked out to Rs 505/-, almost the same as worked out by Mr Sahni.

This is a singular instance of LIC's graciousness-not conscious though.So if Mr Tiwary has got Rs 2997/- plus another amount to the extent of 20% of revised Basic Pension & DR for 18 months from November 2013 to April 2015,then there will be an excess payment made to Mr Tiwary.I am sure LIC Auditors will raise a query with a special report!

Of course, I am happy about the excess payment

if it has been made to Mr. Tiwary by way of interim relief!


Whether we had success so far or not, we can definitely celebrate the excess!

Greetings.
C H Mahadevan