AIIPA SAYS, LIC MANAGEMENT SHOULD FIND SOLUTION AS PER BOARD RESOLUTION OF NOV. 2001...

In the latest Circular issued by AIIPA on 30th May 2013, it is stated that the Association has been continuously pursuing the issues with the authorities for breakthrough.  "Our organisation has been constantly representing to the Management and the Government of India."

The circular continues..."the crux of our representation has been not to delay decision on increased ex-gratia for pre-1986 retirees in view of the ongoing litigation as this issue is not under the purview of legal proceedings.  Further, the merit of the demand for full neutralisation on Dearness Relief to pre-August 1997 retirees has not been called in question and hence the Management of LIC should find solution as enunciated in the LIC Board Resolution of November 2001 even before the culmination of the judicial process and in accordance with the stand taken now regarding the date of eligibility.

"Pensioners are aware that the SLP by LIC is before the Apex Court and the proceedings under the Contempt Petition continue to remain stayed till disposal of SLP.  As earlier pointed out, the SLP deals with only legal aspects and not the merits of the issue.

IT IS TIME TO PUT PRESSURE ON LIC MANAGEMENT.

• "Taking into consideration the present scenario, the Organisation felt it was opportune time again to put pressure on the Management of LIC to come out with positive decisions and towards this end, have addressed a letter to LIC....

"AIIPA would like to assure that it will be its earnest endeavour to make the Management of LIC appreciate the need to revisit the issue as it stood in 2008 and initiate measures in whatever form required to bring to fruition the much desired and long awaited solution...."

To read the letter addressed to Chairman, LIC of India, please click below.