The Circular dated 22 March 2015 of the United Forum of RBI Officers' & Employees so kindly posted in the Chronicle by Mr B G Raithatha, is a serious and timely RED FLAG for us the beleaguered LIC Pensioners.
Government earlier gave clear signals that the RBI Governor's recommendation for pension up-gradation for RBI retirees (comprising clauses like, once in ten years and effective from a via media date - was it 1.4.2012?) would be cleared.
Unfortunately news has been in the air for some time that the Government seems to be reneging on its promise for Reserve Bank Pensioners. Reasons could be many. But what we have seen in the Supreme Court in our own case on 25th March - Government taking a tough posture against our Pension up-gradation is certainly indicative of a negative approach on its part. Call it policy shift, call it what ever, we should take the signals with utmost seriousness.
A strong and clear mandate from Supreme Court only should set things right for all. Pensioner community in the entire country is looking to LIC Pensioners in our crucial battle for justice. Recent developments suggest that what is in store for us on and from April 8 before the Supreme Court, should be taken so seriously as 'now or never' 'do or die' and anything similar.
Thanks and regards,
Sreenivasa Murty M