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

Thursday, March 03, 2016

Discrimination in Pension of the Chairmen and MDs


GOI makes the appointment of the Governor 
of RBI and the Chairpersons of some public 
sector undertakings like LIC, SBI etc. in the 
(GOI) Cabinet Secretary's scale : S-34 : 
(Rs.90,000/- fixed). The Deputy Governors 
of RBI and Chairpersons / MDs of some 
public sector undertakings are also appointed 
in the Apex scale: S-33: (Rs.80,000/- fixed) 
or in the Secretary's scale: S- 32: 
(Rs.75,500-80,000).

All know that the 7th CPC has recommended OROP to all GOI employees - Civilians. But, all may not know that the secretaries retired in S-33 and S-34 have all along been getting OROP. For example, a Secretary (the secretaries are attached to various ministries) retired with fixed basic pay of Rs. 8,000/- (1986 revision), or with Rs.26,000/- (1996 revision) or with Rs.80,000/- (2006 revision) got / gets basic pension of Rs.40,000/- ( 50% of Rs.80,000/-) plus DR. All the pensioners retired in scale S-1 to S-32 are eagerly awaiting implementation of 7th CPC recommendations to get OROP from 01-01-2016.

Some of the veteran pensioners, who retired in the topmost post of LIC as Chairman and as MD, LIC or their family pensioners may like to share their experience / views, in LIC PC, on pension loss meted out to them and on any matter relevant to updation of pension. It may not be necessary to disclose their "identity". Some of them (the ex C & MDs) may also like to open up / join the fruitful discussions. No man is an island.

Today is Thursday, the 3rd March, 2016. A week more for next Thursday, the 10th March, 2016. Let us have faith in God and in ourselves and pray for good of pensioners.

SN (a 1992 pensioner)