The leaders would solve the problems ; better, if they, sooner rather than later !
As said by Shri K. Vijayaprasad in his "Kudos to Pensioner Leaders" (PC: 30-05-2016), the GOI employees' Basic Pension is fixed at 50% of the average of last ten months pay or last pay drawn whichever is more beneficial to the employees. The old rule of 50% of ten months average pay was changed as per recommendations of 6th CPC and from 01-01-2006. If LIC (other institutions like banks and RBI also may) changes the rule of 50% average of the last ten months pay to 50% of the last pay drawn or ten months average whichever is more beneficial to employees, on the lines of the Central Government pension rules, Shri Vijayaprasad's basic pension would have been at Rs.38203/- half of Rs.76405/- , the last month's Basic Pay, FPA and allowances drawn by him. (Rs.36353/-, the 11th Stage of ADM - as shown in the Chart posted in PC on 29-05-2016, plus FPA plus allowances 'reckoned' by him) The B.P. of Rs.38203/- worked out based on the last month's pay is much more than Rs.32214/-, worked out by him based on the existing rule of last ten months average (Pay + DR). The solution for such a problem of Shri Vijayaprasad and few other problems mentioned below, lies no where else, all lies in amending our pension rules.
The GOI employees get full pension (no prorata) w.e.f. 01-01-2006 after putting in 20 years of qualifying service. Their family pension is at 30% of the last pay drawn (or ten months average pay, whichever is more) of the retired / deceased employee. Pensioners (and family pensioners) who are 80 and above get 20% and more pension.
The leaders of the in- service and retired employees should jointly resolve all the above mentioned four issues with the Chairman. The changes should be made from a retrospective date. There is a provision in the LIC Employees (Pension) Rules, 1995 to make amendments to a rule or rules, retrospectively.
It may be known to many that the GOI pre 2006 pensioners had to fight a sustained legal battle for about six years to get full pension with 20 years qualifying service. The GOI finally implemented the CATs and the S.C. judgement by issue of notification dated 06-04-2016. The Government has instructed to pay arrears from 01-01-2006 to all the 'eligible' (who were paid on prorata) pre 2006 pensioners at an early date. Sorry, I am repeating (recalling) this for the pensioners (public) knowledge for the third time this year !
SN (a 1992 pensioner)