Referring to my earlier post today, I
would like to correct myself in regard to the percentage of retired RCs &
Class IV employees at 18% which I
discovered was overestimated by me. This was noticed by me
when I went through the August 2003 illustrative chart prepared by LIC CO sent to the
Joint Secretary(Insurance & Banking) on 11/8/2003.
In the said chart, the number of retired
employees cadre-wise has been given in one column. I am attaching a word
document prepared by me based on the two charts prepared by LIC-one for pre-Aug
1992 retirees and another for Aug 1992---July 1997 retirees.
The indications arising out of the illustrative
charts are as follows:
·
As per
the Letter ref Per/ER dt 20/2/2009 addressed to Sanjeev Sinha ,Under Secretary
to GOI,DFS,MoF, there were 16498
pre-August 1997 retirees who were
drawing pension, whereas when the
calculations were made in the illustrative chart by LIC in August 2003 which
was sent to the MoF, the total no was 21762.This would
mean that during the period of about 5 1 /2 years as many as 5264 pre-August 1997 retirees have left this world
without getting justice. Their
family pensioners may not also get justice if LIC continues to follow its
anomalous approach.
·
Class III employees who
have retired prior to 1/8/1992, who
constitute more than 47% of the retirees in the category, and
Development Officers who constitute more
than 15% of the retirees are in the negative territory in the matter of pension revision. This is an alarming situation.
Interestingly retired Record Clerks in this category are in marginal positive
territory compared to their higher cadre Class III colleagues
.
·
Among
post August 1992 retirees; retired Record Clerks who constitute 2.7% and Class
IV employees who constitute 5.9% are in negative territory.
These
data must be sufficient to
drive home the point in the Apex Court that the faulty approach of
LIC is detrimental to the interest of more than 28% of the pre August
1997 retirees
who will have their monthly pension reduced
besides 100% of the family pensioners of deceased pre-August 1997
retirees.
Greetings.
C H Mahadevan
CADRE-WISE CALCULATION
S OF REVISED PENSION MADE BY LIC AS AT 1/8/2003
PRE-AUGUST 1992 RETIREES
AS AT 1/8/2003
|
||||||
CADRE
|
No of Pensioners
|
Maximum Basic Pension
(Rs)
|
Existing Pension as at
1/8/2003
(Rs)
|
Revised Pension as at
1/8/2003 as per LIC Calculations
(Rs)
|
Difference
(Rs)
|
|
ED
|
23
|
3500
|
10503.42
|
10805.76
|
302.34
|
|
ZM
|
24
|
3275
|
10102.85
|
10365.61
|
262.75
|
|
SDM
|
73
|
2975
|
9568.765
|
9778.73
|
209.97
|
|
DM
|
128
|
2675
|
9034.675
|
9191.86
|
157.18
|
|
ADM
|
579
|
2525
|
8767.63
|
8898.42
|
130.79
|
|
AO
|
625
|
2260
|
8295.85
|
8373.64
|
77.79
|
|
AAO
|
485
|
2130
|
8064.411
|
8092.75
|
28.34
|
|
HGA
|
1016
|
1850
|
7208.825
|
7201.38
|
-7.44
|
|
ASST
|
2744
|
1610
|
6362.945
|
6359.21
|
-3.73
|
|
DO
|
1211
|
1940
|
7526.03
|
7517.2
|
-8.83
|
|
RC
|
335
|
1000
|
4075.3
|
4076.5
|
1.20
|
|
DRIVER
|
42
|
905
|
3688.147
|
3689.24
|
1.09
|
|
PEON
|
601
|
755
|
3076.852
|
3077.76
|
0.91
|
|
SWEEPER
|
59
|
725
|
2954.593
|
2955.46
|
0.87
|
|
TOTAL
|
7945
|
|||||
Note: For Class I Officers, the retirement period is 1/8/1987 to 31/3/1993
|
||||||
RETIREES OF THE PERIOD 1/8/1992 TO 31/7/1997
|
||||||
CADRE
|
No of Pensioners
|
Maximum Basic Pension
(Rs)
|
Existing Pension as at
1/8/2003
(Rs)
|
Revised Pension as at
1/8/2003 as per LIC Calculations
(Rs)
|
Difference
(Rs)
|
|
ED
|
53
|
7000
|
12036.08
|
13042.47
|
1006.39
|
|
ZM
|
36
|
6325
|
11165.47
|
11971.44
|
805.98
|
|
SDM
|
147
|
5725
|
10391.59
|
11019.42
|
627.83
|
|
DM
|
478
|
5225
|
9746.685
|
10226.07
|
479.39
|
|
ADM
|
1534
|
4975
|
9424.235
|
9829.39
|
405.15
|
|
AO
|
1614
|
4485
|
8792.233
|
9051.9
|
259.67
|
|
AAO
|
1070
|
4255
|
8495.579
|
8686.96
|
191.38
|
|
HGA
|
3295
|
3695
|
7609.071
|
7692.72
|
83.65
|
|
ASST
|
3202
|
3210
|
6671.178
|
6722.15
|
50.97
|
|
DO
|
1192
|
3760
|
7734.768
|
7822.79
|
88.03
|
|
RC
|
379
|
2235
|
4753.845
|
4750.5
|
-3.34
|
|
DRIVER
|
59
|
1995
|
4243.365
|
4240.38
|
-2.99
|
|
PEON
|
670
|
1710
|
3637.17
|
3634.61
|
-2.56
|
|
SWEEPER
|
88
|
1610
|
3424.47
|
3422.06
|
-2.41
|
|
TOTAL
|
13817
|
|||||
Note: For Class I Officers , the retirement period is 1/4/1993 to 31/7/1997
|
||||||
CLASS WISE BREAK-UP OF PRE- AUGUST 1997 RETIREES
|
||||||
Class I
|
Class II
|
Class III
|
Class IV
|
Total
|
||
Retired before 1/8/1992
|
1937
|
1211
|
4095
|
702
|
7945
|
|
Retired from 1/8/1992 to
31/7/1997
|
4932
|
1192
|
6876
|
817
|
13817
|
|
Total
|
6869
|
2403
|
10971
|
1519
|
21762
|
|
CLASS WISE PERCENTAGE
BREAK-UP OF PRE- AUGUST 1997 RETIREES
|
||||||
Class I
|
Class II
|
Class III
|
Class IV
|
Total
|
||
Retired before 1/8/1992
|
24.4
|
15.2
|
51.5
|
8.8
|
100
|
|
Retired from 1/8/1992 to
31/7/1997
|
35.7
|
8.6
|
49.8
|
5.9
|
100.0
|
|
Total
|
31.6
|
11.0
|
50.4
|
7.0
|
100.0
|
|
Percentage of Pre-August 1992 retirees in negative
territory
|
62.6
|
|||||
Percentage of Pre-August 1992 Class II retirees to total
in negative territory
|
15.2
|
|||||
Percentage of Pre-August 1992 Class III retirees to total
in negative territory
|
47.3
|
|||||
Percentage of Class III
Retirees from 1/8/1992 to 31/7/1997 in negative territory (RCs)
|
2.7
|
|||||
Percentage of Class IV Retirees from 1/8/1992 to 31/7/1997 in
negative territory
|
5.9
|
|||||
.