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Saturday, January 30, 2016

Interim Relief received vs Monthly loss as at 1ST FEB


WHAT WORTH IS THE INTERIM RELIEF PAID BY LIC?

We are all grateful to LIC that at least about 1190 pre- August 1997 retiree Class I Officers were paid interim relief 'as per the SC Order dated 7/5/2015'.

But a peep into the last column of the Pension Anomaly chart circulated by me as at 1/2/2016 by those who have received the interim relief will convince them that what they have received does not equal the total loss for even two months on account non-upgradation of pension as per the Jaipur judgment.In fact,the pre-April 1993 retiree Class I Officers will notice that their IR received is less than the current loss for even a single month.

To add insult to injury, the M C Jain category retiree officers numbering about 90 have also been denied the revision of pension from 1/11/1993 although SC had dismissed the SLP of LIC against the Jaipur Bench judgment in favour of Mr M C Jain.

Greetings.

C H Mahadevan