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Saturday, June 04, 2016

PRE 1997 DR ANOMALY REMOVED, CLAIMS GN SRIDHARAN



Mr GNS has mentioned in his circular,”………..with our having almost succeeded in having the anomaly in DR removed affecting the pre 1997 category of pensioners, our aim is to secure the benefits for all pensioners.”. 

What is the success achieved in this direction? 

There is no word on the effect of the adverse effect of the faulty DR formula persisting from 1/11/1993 when the LIC Pension Rules were notified. This was not at all pressed by the respondents in the Supreme Court even though this was the most fundamental of all anomalies.
The 20% Interim Relief paid in September 2015 to 1200plus pensioners was far short of the due amount also leaving the period before 1/8/1997. 

Even the 40% IR ordered by Supreme Court only relates to the period after 1/8/1997 with almost 30% of the pensioners including family pensioners getting 0 or single digit pension of Re1/- and Rs2/-.This single digit too would not have been available but for rounding off of revised pension to next higher Rupee and ignoring negative differences. This was due to LIC continuing to stick to its faulty method and blatantly not following para 3A of Appendix IV in letter and spirit as per the Supreme Court order dated 31/3/2016.If para 3A had been followed by LIC there would have been no negative differences in any month. 

If the anomaly in DR formula from 1/11/1993 had been removed by amending Appendix IV from the inception of Pension Rules,it could have been claimed as a success. 

Let us hope that at least now a high degree of success will be achieved on the ‘comprehensive’ amendment filed by the Class I Retirees’ Federation in Delhi High Court which will make all pensioners only too happy. 

Greetings.

C H Mahadevan