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Saturday, April 02, 2016

CREDIT OF MARCH 16 PENSION


I have seen the mail from Sri CH Mahadevan in the last evening and the various posts in LIC PENSIONERS CHRONICLE today on the issue. We are used to credit of March pension on 2nd April every year. The March pension has been credited today, by afternoon of today, the 2nd April'16 in Kolkata (Four Divisions and EZO).    Next year, it will be credited not earlier than 3rd April as 2nd April'17 will be Sunday.

April'16 pension will be credited not earlier than 2nd May'16 and April'17 pension will be credited not earlier than 3rd May'17.The problem will be more acute for the pensioners in Eastern Zone in general and West-Bengal & Tripura in particular for September'17 pension payment because first few days of October will be holidays under NI Act. 

The same problem occurred in 2014 but could be avoided after LIC RETIRED CLASS-I OFFICERS ASSOCIATION, Kolkata met the Zonal Manager and he issued instructions to the pension paying offices for payment of September'14 pension before commencement of Durga Puja festival.
Now that the Pension module having been made operational, such adjustments of advancing the pension payment date may not be possible unless intervened at CO.

The leaders of different associations or forums are earnestly requested to intervene and demand for necessary amendments in the pension rules for making provision of pension payments on the last working day of the month of pension if the first day of the payment month is a holiday or bank closing day.
         
The CO may be pursued for changes in the EXISTENCE CERTIFICATE rules allowing self-certification.  
 
Subir Kumar Mazumder