RB KISHORE
Executive Director (Retd.)
Vice President, All India Retired Insurance Employees Federation
PROGRESSION STEP BY STEP
LIC Board
Resolution - aftermath of series of letters from CO to MOF/UOI - planned efforts
& litigation by Sri Asthana.
(i) It will be gratifying to note that hectic efforts and strategies were employed to meet all top executives of LIC, Ministry of Finance (MOF) officials right upto Secretary for many years, submit various Notes and Charts for all cadres clearly pointing out such gross differences. Finally all independent Board Directors we met, submitted memorandum and clarified the issues. The 110 minute closed door meeting with Sri GN Bajpai with the AIRIEF team led by Sri Sunil Shastri, S/Sri HC Mehta, CS Murty, RB Kishore, JK Karulkar with in-depth analysis led after few months to the birth of the now eternally famous Board Resolution dated 24/11/2001 to allow Full DR to pre-8/97 pensioners & same weightage in pension as will be granted in wage agreements.
(ii) Board Resolution cannot be treated as a scrap of paper, it is a sacred Document containing solutions and seed for solution of pensioners problems and the demands are real and modest, genuine and legitimate.
Here is the important and CRUCIAL line in the
Note prepared by EDP paving the way for the Board
Resolution:
“It may be mentioned that such a provision to
upgrade the pension due to periodic revision in case of Central Govt.
employees is incorporated in the Central Civil Services (Pension) Rules, on the
basis of which LIC of India (Employees ) Pension Rules 1995 have been drafted."
Further, it is to be borne in mind that LIC
itself, in its SECRET letter dt. 31/12/2001 secured under
RTI & 11/8/2003, to MOF/UOI state clearly
“there is an
urgent need to rationalize the DR structure available to different groups
of pensioners in order to reduce the administrative inconvenience and also
to see that different generations of pensioners are
protected by merging the pension to a suitable index.” This clinches the issue of successive pension revisions with every wage revision. It has a vital bearing on continued pension upgradation. It stretches and goes beyond Board Resolution to capture full and continuous pension revision at CPI 600, 1148, 1740, 2328, 2994.
It is also added “Central Civil Services (Pension) Rules, on which LIC (Employees) Pension rules has been broadly designed, contains such an upgradation formula corresponding to revisions effected for Central Govt. Employees.”
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