pensioners and one of the postings in the LIC
Pensioners' Chronicle, it has been stated
that there was a MOU between LIC & all
UNIONS dt 14/1/1994 wherein unequivocally
UNIONS dt 14/1/1994 wherein unequivocally
'SAME DR for PENSIONERS as SAME DA for
EMPLOYEES'.
But this understanding was not adhered to while framing the LIC Pension Rules 1995 notified on 28/6/1995, with the result that for those retired from 1/1/1986 to 31/7/1997, the rate of DR followed for retirees was much less than the rate of DR for employees.
The MOU was only honoured w.e.f from 1/8/1997, that too in respect of the employees retired from that date.
I would welcome any of the readers to send a copy of the memorandum, if available to my email ID or post the same in the two blogs, as it will be a very useful document in our legal fight especially of great value to pre-August 1997 retirees.
With greetings,
C H Mahadevan
EMPLOYEES'.
But this understanding was not adhered to while framing the LIC Pension Rules 1995 notified on 28/6/1995, with the result that for those retired from 1/1/1986 to 31/7/1997, the rate of DR followed for retirees was much less than the rate of DR for employees.
The MOU was only honoured w.e.f from 1/8/1997, that too in respect of the employees retired from that date.
I would welcome any of the readers to send a copy of the memorandum, if available to my email ID or post the same in the two blogs, as it will be a very useful document in our legal fight especially of great value to pre-August 1997 retirees.
With greetings,
C H Mahadevan