The Executive Director (Per),
LIC of India, Central Office, Yogakshema,
Re: Payment of wage revision arrears to retirees & Amendment to Pension Rules, 1995
This is further to our talk with the Chief (Per) on 04-11-2015 on the captioned matters.
We appreciate that all the offices of LIC in the entire country released the wage arrears to in-service employees within 2 days, which of course may be a record. You deserve our compliments on this feat.
While discussing with the Chief (P) we had insisted to mention a dead line for releasing arrears to retirees who are eligible to get wage arrears. But we note with pain that CO did not issue instructions in this regard till date.
We request you to arrange for issue of instructions immediately, duly mentioning the dead line date within which date payments have to be made. We have brought to the notice of your Dept the cases where payment of arrears was delayed by more than 6 months in some Divisions during the last wage revision. Hence this specific request to your good self.
Secondly, we have been insisting certain important changes in Pension Rules viz, avoiding anomaly in computation of basic pension for those retiring in the intervening period of wage revision, 30% of basic pay as family pension, full pension for those who complete 20 years’ service, increased pension to pensioners of age 80 years & above, 100% DR neutralization to those who retired prior to 8/1997, up gradation of pension with every wage revision, cash medical allowance etc among others. We request you to arrange for necessary amendments as early as possible.
Your immediate action in the above matters is solicited.