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Saturday, August 02, 2014

Worthy of compliments

The Pension Anomaly Statements by Shri. C.H.Mahadevan posted by the Editor on 
31-07-2014 are very much revealing. The anomalies, the disparities in the pension drawn by the pensioners retired on different pay scales are so much glaring that it is incredible that the GOI and LIC are not ready to accept, to acknowledge the reality. The chart/statements could be submitted as exhibits in the Courts. The exhibits, the statements may serve
as eye opener.
An exhaustive exercise, enormous job by Shri. Mahadevan is worthy of compliments. He has not given pension anomaly details regarding the Development Officer's category.
As per pay scales effective from 01-08-2007, the pension of a Development Officer at the maximum of pay scale is Rs.14433/- ( as per records available with me ). It was Rs.1940/- pension at the maximum for those retired prior to August 1992. S. Ananthamurthy's
pension, by coincidence, has been fixed at Rs.1764/- ( 3880 - maximum pay x 30 years service /33 years= 3528/2=1764 ). As per 2007 pay scale, the pension of a Development Officer at the maximum from August 2014 works out to Rs.28636/- [Rs.14433/- + Rs.14203/-(DR @ 98.40%)].
Had there been updation of pension and 100% DA/DR neutralisation,Shri Ananthamurthy's pension for August 2014, approximately, be Rs.26032/- [Rs.14433 x30 / 33 = Rs.13121+ Rs.12911/- ( DR @ 98.40%].


SN ( a 1992 pensioner )