Further to my post in response to Mr VVLN Sastry's post, I attach a table of calculations to prove how the method adopted by LIC ostensibly for implementation of LIC Board Resolution dt 24/11/2001 is badly flawed.
For one thing, LIC has not recognised the fact that DR anomaly has to be removed right from 1/11/1993 or the date of retirement whichever is later.
Secondly LIC has adopted the method of one- time merger of a faulty DR with basic pension on 1/8/1997 without repeating the process on 1/8/2002 and 1/8/2007.
It is another matter that LIC has conveniently omitted providing 11.25% (average) weightage after merger of DR.
The table of calculations clearly demonstrate that the pre-August 1997 retirees -especially Assistants and above- would have been better off even if LIC had not adopted the method of merger of DR with Basic Pension if only the DR formula was followed for retirees on par with in-service employees as directed by the Single Judge Bench at Jaipur while allowing WP No 6676/1998.
In the light of the calculations, it is also clear that the 1200 retired Class I officers who have been paid some interim relief have perhaps been taken for a ride by LIC cleverly withholding the supporting calculations from them. May be they are satisfied with whatever they have got instead of not getting anything as happened in the case of more than 20000 other pre-August 1997 retirees/family pensioners.
Will these flaws be brought up before the Supreme Court on 20/1/2016 by the counsel of the petitioners?
When such mischief is taking place in respect of removal of DR anomaly, what can be expected from LIC on the issue of upgradation?
Only judiciary can save LIC pensioners.
Greetings.
C H Mahadevan
Click below for the Tables.
EFFECT OF NON-REMOVAL OF DR ANOMALY ON LIC'S CALCULATIONS IN
RESPECT OF PRE-AUGUST 1997 RETIREES
|
||||||
PRE-AUGUST 1992 RETIREES
|
||||||
| CADRE | Maximum Basic Pension | Total Existing Gross Pension as at 1/8/2015 | Total Gross Pension as per LIC's method of merger of DR & Basic Pension as on 1/8/1997 | Total DR anomaly- free pension as at1/8/2015 (without upgradation) |
Present Mly Loss to the retiree |
Mly Loss if Pension is revised based on LIC Calculations
|
ED
|
3500
|
23702
|
26159
|
32959
|
9257
|
6800
|
ZM
|
3275
|
22970
|
25094
|
31096
|
8126
|
6002
|
SDM
|
2975
|
21995
|
23673
|
28611
|
6616
|
4938
|
DM
|
2675
|
21020
|
22252
|
26126
|
5106
|
3874
|
ADM
|
2525
|
20532
|
21542
|
24884
|
4352
|
3342
|
AO
|
2260
|
19671
|
20271
|
22308
|
2637
|
2037
|
AAO
|
2130
|
19248
|
19591
|
21025
|
1777
|
1434
|
HGA
|
1850
|
17308
|
17434
|
18261
|
953
|
827
|
ASST
|
1610
|
15320
|
15395
|
15892
|
572
|
497
|
DO
|
1940
|
18053
|
18198
|
19149
|
1096
|
951
|
RC
|
1000
|
9871
|
9869
|
9871
|
0
|
2
|
DRIVER
|
905
|
8933
|
8931
|
8933
|
0
|
2
|
PEON
|
755
|
7452
|
7451
|
7452
|
0
|
1
|
SWEEPER
|
725
|
7156
|
7155
|
7156
|
0
|
1
|
RETIREES OF THE PERIOD 1/8/1992 TO 31/7/1997
|
||||||
CADRE
|
Maximum Basic Pension | Total Existing Gross Pension as at 1/8/2015 | Total Gross Pension as per LIC's method of merger of DR & Basic Pension as on 1/8/1997 | Total DR anomaly- free pension as at 1/8/2015 (without upgradation) |
Present Mly Loss to the retiree | Mly Loss if Pension is revised based on LIC Calculations |
ED
|
7000
|
25565
|
31574
|
34515
|
8950
|
2941
|
ZM
|
6325
|
24169
|
28981
|
31516
|
7347
|
2535
|
SDM
|
5725
|
22928
|
26677
|
28851
|
5923
|
2174
|
DM
|
5225
|
21893
|
24756
|
26630
|
4737
|
1874
|
ADM
|
4975
|
21376
|
23796
|
25519
|
4143
|
1723
|
AO
|
4485
|
20363
|
21913
|
23118
|
2755
|
1205
|
AAO
|
4255
|
19887
|
21030
|
21932
|
2045
|
902
|
HGA
|
3695
|
18124
|
18623
|
19046
|
922
|
423
|
ASST
|
3210
|
15969
|
16273
|
16546
|
577
|
273
|
DO
|
3760
|
18412
|
18938
|
19381
|
969
|
443
|
RC
|
2235
|
11520
|
11500
|
11520
|
0
|
20
|
DRIVER
|
1995
|
10283
|
10265
|
10283
|
0
|
18
|
PEON
|
1710
|
8814
|
8799
|
8814
|
0
|
15
|
SWEEPER
|
1610
|
8299
|
8284
|
8299
|
0
|
15
|