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

Tuesday, May 03, 2016

Comments


3 May 16, 12:15 PM

SN: What Shri S r Nagarajan says (Chat n Chat) may be fine with other 'similarly placed'. But, they should not be left high and dry. Their case must be pursued with the administration independently and seriously till resolved. 

Shri Karunakaran, a bank retiree, says that the bank employees expect to get 100% DR but may be prospectively. It is kind of Hon. Justice Shri Dipak Misra, who has ordered payment of 40% IR retrospectively from 01-08-1997, from the date of DR anomaly. All the pre August, 1997 pensioners (Shri Kittur may be one among others) to get arrears by 16th to 23rd May, 2016. Our most sincere and heartfelt thanks to Hon. Justice Shri Misra.

  • Editor adds: It was reported on 31st March 2016 during the course of Supreme Court proceedings, LIC had been asked to release payment of 40% IR within a period of 4 weeks. Since however the Court Judgment was delayed and it was only released on 7th April 2016, it should be presumed that the Court had taken the delay into consideration and the Corporation was allowed a period of 6 weeks to release the payment. It is therefore quite clear that the Corporation shall be called upon to release payment within the stipulated time of 6 weeks which can be safely assumed as 15th of May 2016 and the allowance given by SN will not be taken recourse to by the Corporation unless the Corporation was in a position to show compelling circumstances which necessitated a week's further time for disbursement of Interim Relief. Had the Court given only 4 weeks time, the Corporation would have by now released payment to all the eligible pensioners. We know "work expands so as to fill the time available for its completion".