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Friday, April 08, 2016

DR ANOMALY NOT RESOLVED


8 Apr 16, 06:15 AM

G. Narayanaswamy: The glaring anomaly in the the DA formula has been set aside and payment ordered within six weeks to ALL pre 1997 reitirees. Updating the pension with each pay-revision of in-service employees. This could also could have been conceded, with a recommendatory note. But then the Judge also with sympathy for the weak, has put the finer points of Law to be decided within the time-limit 31/8/16. We live in times where sympathy for the weak is to be extracted by the force of law. Where has gone that Angel called Grace, in employer-employee relations? Even in Corporation fully run by the Govt. Not by profit-driven Big Privare Corporates

8 Apr 16, 07:48 AM

C H Mahadevan: Mr Narayanaswamy, the DR anomaly prevailing from 1/11/1993 has not been resolved. Applying para3A without removing the anomaly before 1/8/1997 does not do justice.If only the DR formula for pre August 1 Retirees is provided on par with in service DR formula prior to 1/8/1997, the gross pension on 1/8/1997 will be more than if para 3A is applied as LIC is known for not providing weightage. Even after SC order family pensioners will only get recoveries in payment of 40% IR. Now the only hope is Delhi HC to remove all anomalies and provide upgradation.