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Wednesday, May 18, 2016

UPGRADATION FOR PENSIONERS


We all have been fighting a long drawn legal battle for upgradation
of pension with a favourable outcome possibly still a few months
away!

But let us not get disheartened.There is one area where pensioners
have been getting indirect upgradation of pension notionally after
every wage revision.

LIC had clarified vide their circular CO/Per/ER-A/CL22 dt 28/3/2014
that the retired employees applicable to pensioners will be the same
as was applicable on their date of retirement for the purpose of
Mediclaim coverage.

Now that the Group Mediclaim Policy has been renewed for the year
2016-17,we can expect the same principle of categorisation
consequent on the wage revisions w.e.f 1/8/2012.

But the interesting aspect of this 'upgradation' of category involves
only possible higher outgoes for increased premium for enhanced
cover and not for getting arrears of monetary inflow from LIC!
Nevertheless we have reason to feel happy that we are
psychologically upgraded!

My good friend however cautions me that we should not press this
point legally in our fight for upgradation,lest older pensioners
should run the risk of getting downgraded in the categorisation
after every wage revision losing the benefit of whatever cover and
subsidy that are being extended to them presently!
Let us just let the sleeping dogs lie!

Greetings.
C H Mahadevan