Is the 10.5% wage rise proposed by Chairman includes
corresponding revision of pension(after upgradation) or
excludes it?
A clarification needs to be sought from LIC Chairman by
all retired employees' Associations/Federations in the
context that three High Court judgments are binding on
LIC to provide for upgradation of pension for pre-Aug 2007
pensioners pensioners.
It is high time that LIC Management invited Pensioner Bodies'
representatives for talks before arriving at any wage revision
decision in the present context.
Kind regards.
C H Mahadevan
an independent initiative...