"A journey of a thousand miles must begin with a single step" Chinese Proverb: Leo Tzu.
"By asking for the impossible, we obtain the best possible"-Italian proverb.
The above mentioned proverbs have been quoted at the outset in the Central Pay Commissions (CPC ) reports.These proverbs speak volumes of the mood and mind of the Chairman and members of the CPCs and are very much reflected in their recommendations, immensely benefiting the employees, pensioners and family pensioners of central government. All the state governments , some municipal corporations, some local bodies etc have also ensured better life to million old and new pensioners and family pensioners by revision of pension periodically.
LIC pensioners are not asking for the moon. Their demands are justifiably reasonable. Their demands are not that 'impossible' as LIC has the capacity to pay on its own , no need of any ones, GOI's or budgetary help, all they can't ask nor do they need ask in futurity. The banks and the financial institutions are also in similar position and reportedly have enough provision/fund for 100%- dearness relief , updation of pension outlay/expenditure.
It is imperative to meet the minimum needs of the pensioners on ongoing basis.
Let us hope for the best. May the wiser counsel help adjudge on 16th January, 2014 in favour of the demands of the pensioners remaining unrealised for the last fifteen years.
SN (A 1992 PENSIONER)