LIC Chairman's role in pension matters in LIC

An independent observer will wonder why we

give so much importance to what LIC Chairman 
thinks about the problems related to pension in LIC.

It is not at the behest of the Chairman the Pension

scheme was introduced in LIC. He had absolutely

no role in the matter. The Pension scheme was

introduced when the government gave a favourable

'nod' in favour of introduction of Pension in Bank

and Insurance sectors. 

This exactly is the reason

why we rush to the government - its Ministers

and others. Never have we gone to the Chairman

with a memorandum in this matter. Then why

we give any importance to the thinking of the

Chairman in this matter now. 

And if and when the pension-related problems
are finally settled, it will be done by the government
or Supreme Court.  Most probably, as things stand,
it will be the Supreme Court order which will be final
and crucial if the order is so worded. If the 
matter is referred to the government for any 
reason, then the government will do the rest of the 
action expected of it.

In any case, LIC Chairman will have nothing to do
in pension related matters. (This is with reference
to Shri SN's comments.)  - Ed.

Many must have read with interest the highlights of discussion of the office bearers of Hyderabad Association with the Chairman and his responses. 

• The Chairman was non-committal on pension related issues. Not unexpected.

  

  "If you want to change the world, do it when 

  you are a bachelor. After marriage, 

  you can't even change a TV channel..." 

  The issues are sub judice. 
• The Chairman was also non committal on other issues listed in the memorandum. He may be approached after one or two months to know the developments.
• What is stated in the conclusion, "Chairman thinks Rajasthan Judgement is wrong because it directed LIC to do what it cannot do under law" is confusing, if not appalling. 
• Other courts and the highest court have upheld that Justice Bhandari judgment be implemented. 
• The 'conclusion' may be based on body language or implicit or explicit comments or remarks by the Chairman. Any clue on this?

SN(a 1992 pensioner)