LETTERS TO BE ADDRESSED TO LIC CHAIRMAN

Draft of letter to be addressed by pre-August 

1992 retirees (in case of Class I pre-April 1993   PLEASE CLICK HERE 

retirees) to Chairman, LIC

Draft of letter to be addressed by those who 

retired between 1/8/1992 and 31/7/1997 

(in case of Class I officers, those who retired      PLEASE CLICK HERE 

between 1/4/1993 and 31/7/1997) to Chairman, 

LIC

TO ALL PRE-AUGUST 1997 RETIREES

By now, the reports received from various quarters indicate that pre-August 1997 retirees at various centres have received the "40% interim relief" paid by LIC although it was gathered by me from some pensioner friends at Chennai that till yesterday payments had not been made.

From the reports received by me from friends who have received the payments from LIC, it turns out that LIC have adopted the same faulty method applied by them for calculating the 20% IR as per the SC order dated 7/5/2015.

This act is in complete contravention of the SC order dated 31/3/2016 which had directed payment of 40% IR as per para 3A of Appendix IV which can be done only with revision of pension with weightage as per the scales made effective from 1/8/1997.

As a result of the faulty method followed by LIC, the pre-August 1992 retirees (pre-April 1993 Class I retirees) have got only about 12-13% of the amount that they were entitled to get as 40% IR. Those who retired after 1/8/1992(Class I Officers who retired after 1/4/1993) have only got about 30% of their entitlement as per the SC Order dt 31/3/2016.

So I felt that those who want to protest against this short payment may like to send a letter to Chairman,LIC as per the draft attached. Draft as per Annexure A can be used by those who retired before 1/8/1992 ( Class I Officers who retired before 1/4/1993) and Draft as per Annexure B can be used by those who retired between 1/8/1992 and 31/7/1997( Class I Officers retired between 1/4/1993 and 31/7/1997). I leave it to the pensioners to decide whether they want to send a letter as per the drafts attached or not.

Those of the pre-August 1997 retirees who desire to have the comparative calculations of amounts payable by LIC and amount paid by LIC may send a mail to me with their details of Basic Pension, Date of Retirement and cadre in which retired(including placement in higher cadre at the retirement) so that I mail the calculations to them to support their claim. from LIC.

Those who send the mails to me may also kindly send their mobile numbers for seeking any clarification required.

Greetings.
C H Mahadevan

P.S Kindly donate liberally to our Association's legal fund with
reference to the following details: FOR DETAILS, PLEASE CLICK BELOW


Name of Account: 

“RETIRED LIC CLASS I OFFICERS’ ASSOCIATION, HYDERABAD”

SB Account 

No : 053310100000317

Bank : 

 Andhra Bank, Saifabad Branch, HYDERABAD

IFSC 

No : ANDB0000533

Cheques may be drawn in favour of “RETIRED LIC CLASS I OFFICERS’
ASSOCIATION, HYDERABAD”

Address of Treasurer: Shri M Bhaskara Rao, 1-2-382/3, Flat No S-04, Sri Sai Apartments,
Domalguda, Hyderabad -500029