Mr G N Sridharan states that the Federation would not like to go into how
LIC had arrived at the reported amount that was settled. Knowing as we do
that LIC can go wrong in their calculations as was experienced in the case
of the petitioners in the Jaipur and Chandigarh cases, can we be sure that
LIC would have paid the correct amount to Mr M C Jain in the absence of
the verification of their calculation sheets? If LIC’s calculations prove
to be wrong and inadequate, is it the view of the Federation that similarly
placed retired Class I Officers should also be content with a paltry amount
even if LIC takes a broader view and makes similar settlements to them? Is
it not necessary for the Federation to ensure that the concerned retired
officers get the arrears of the right amounts legally due to them in terms
of the Jaipur judgment? More so when the Federation has collected Rs 1000
each from a number of such members towards the legal fund contributions to
take up their cases?
LIC had arrived at the reported amount that was settled. Knowing as we do
that LIC can go wrong in their calculations as was experienced in the case
of the petitioners in the Jaipur and Chandigarh cases, can we be sure that
LIC would have paid the correct amount to Mr M C Jain in the absence of
the verification of their calculation sheets? If LIC’s calculations prove
to be wrong and inadequate, is it the view of the Federation that similarly
placed retired Class I Officers should also be content with a paltry amount
even if LIC takes a broader view and makes similar settlements to them? Is
it not necessary for the Federation to ensure that the concerned retired
officers get the arrears of the right amounts legally due to them in terms
of the Jaipur judgment? More so when the Federation has collected Rs 1000
each from a number of such members towards the legal fund contributions to
take up their cases?
Now that the dismissal of SLP in the Supreme Court has brought finality to
the issue, I do not think there is any relevance for the pending Kerala HC
case except to obtain an ‘in rem’ decision for settlement.
the issue, I do not think there is any relevance for the pending Kerala HC
case except to obtain an ‘in rem’ decision for settlement.
I feel that the Federation should forcefully persuade LIC to make settlement
of the right amount due to similarly placed retirees.
I have heard a grapevine information that LIC has issued instructions for
payment to similarly placed retirees. But I cannot confirm it authentically
unless some similarly placed retiree officer actually receives the information
payment to similarly placed retirees. But I cannot confirm it authentically
unless some similarly placed retiree officer actually receives the information
of settlement.
With greetings,
C H Mahadevan
C H Mahadevan