DIFFERENT PROBLEMS FACED BY DIFFERENT GROUPS OF PENSIONERS IN LIC
GNS: As already stated, these are (1) discriminatory treatment owing to differential DR formula affecting old (pre-1997} retirees, constituting 45 to 50% of pensioners (2) disparity of colossal order in pension following the regular salary revisions which affect all pensioners who have retired in different span of time. The third one of course relates to the pittance in ex-gratia received by pre1986 retirees, although not pensioners, who receive Rs.300 which remained static ever since it was introduced in 1995. This demand like a few others that can be decided by management itself without concurrence of the government is also eluding solution. Some pensioners are in distress as they are unable to cope up with the increasing expenses, and some take such a low amount as insult to them. The unfortunate situation is that relief to the third category of people which does not require an amendment to pension rules is also hanging for reasons best known to LIC. All benefits to pensioners are shelved on the pretext of court cases by LIC, RBI and NABARD have long back granted certain benefits like revision in ex-gratia arid uniformity in DR.
(To be continued)