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

               
                                   

Friday, May 17, 2013



                R.B. KISHORE                
Executive Director (Retd)
VICE PRESIDENT, ALL INDIA RETIRED INSURANCE EMPLOYEES FEDERATION 


THOUGH  I HESITATED SO FAR NOT TO ENTER ANY AREA OF CONTROVERSY 
OR ARENA FOR PENSIONERS RIDDLED WITH INTERPRETATIONS 
AND  MISINTERPRETATIONS GALORE, THANX TO LACK
OF KNOWLEDGE OF DEVELOPMENTS, ’PICK AND CHOOSE’ TO COMMENT, 
IGNORANCE OF MANY PROVISIONS IN PENSION RULES OF LIC AND OTHERS, 
PLUS COMMUNICATION GAP AND ABOVE ALL THE LETHARGY OF PENSIONERS 
CONTENT WITH WHAT THEY HAVE AND RESIGNING TO FATE.   

IN THIS SENSE THE LAST 3 YEARS AND MORE ACTED AS A CATALYST WITH 
PLENTIFUL DEVELOPMENTS ON LEGAL FRONT AND A MORALE BOOSTER TO ENTIRE PENSIONER 
FRATERNITY.  NONE CAN DENY THIS RAY OF HOPE AND A NEW SENSE OF DÉJÀ VU AND ALIVENESS AND 
AWARENESS COUPLED WITH CURIOSITY.


 BACKGROUND AND COMPELLING REASONS.

(i)  Basic  pension for the  wage revisions 8/92-7/97  &   8/97-7/02  stand  at   Rs. 3210 ----Rs.7000  &  Rs. 4498 ---- Rs. 11,800/-  respectively &  for the  wage agreement 8/2002 –7/2007, Rs. 8845--18050 & wage agreement 8/2007—7/2012,  Rs. 10525—29925/-.      

(ii)  Pensioners are always granted the Same DR as the DA for the Same Basic Pay/Pension of Employees/Retirees.  However, Pension Rules, 1995 in Appendix IV, provided for reduction of slabs of DR to Half.  Look at DR per slab difference Rs. 0.93 to 11.50 for pre-8/97, after 8/2007 wage revision rising to a whopping Rs. 6.37 to Rs. 29.25 per slab from Asst to ED cadre, resulting in such a serious loss year after year.  MOU dated 14/1/1994  between LIC & Employees unions was explicitly clear to grant ‘Same DR for pensioners as Same DA for Employees’.  So, it was a gross violation and  transgression of announced equality of DR/DA.

(iii) (a) The V Pay Commission (1/1996) noted that there was growing disparity in pensions  in   varying degrees drawn by persons retiring from comparable posts over the years.

      (b) Even Commuted Pension (CP) after 8/2002 is higher than Basic Pension of pre 8/97        pensioners.  After 8/2007 wage revision,  CP is even equal to ADM’s Total Pension app.

      (c) Even a Sub-staff or a Driver gets more pension than pre-8/1997 ED.

(iv) This  shows such a shabby, miserly pension to the pensioners  and it is ridiculous that Basic Pension continues UNCHANGED for 19 long years, when revision of pension takes place automatically to Govt pensioners, CG, SG & RAILWAYS  as  ordained  in  IV, V, VI PC pronounciations.

Denial of relief  to insurance pensioners  is clearly arbitrary and discriminatory  violative of Article 14 & 16 of the Constitution.

(v)  Supreme Court 5-Judge Constitution Bench presided by Hon’ble Justice Y.V.Chandrachud,  in D.S. Nakara vs Union of India  case (AIR1983 SC130), regarded as the Magna Carta for pensioners, thundered  that (a) by introducing an arbitrary eligibility criteria, for being eligible for the liberalised pension scheme and thereby dividing a homogeneous class -- violates Article 14 and  is unconstitutional.  "Pension is neither a bounty nor a matter of grace depending on the sweet will of the employer.  It is not an ex-gratia payment, but it is a deferred wage for the past services rendered by him…..  Pension is their statutory, inalienable and legally enforceable right.  It has been earned by the sweat of their brow. As such it should be fixed, revised, modified and changed in ways, not entirely dissimilar to the salaries granted to serving employees. 


(To be continued)