(CONCLUDING PART)
BASIC, FUNDAMENTAL PRINCIPLES AND POSTULATES - A RUNNING COMMENTARY OF SALIENT & SAGACIOUS ARGUMENTS FOR REBUTTAL OF UOI AFFIDAVIT, DISMISSAL OF SLP 29956 & 29957 OF 2011 AND TO CLINCH VICTORY IN SC AND JAIPUR HC.
11) A) i) Outlay needed is not even the tail
of the Wage agreement PLLI or the tail of the Meal Coupon
gift on September Anniversary 2010. There should not be a
miserly, lackadaisical treatment meted out to diminishing tribe of pensioners, who
brought name, fame & reputation to the Institution. Board consent was
secured tho PLLI norms were not met & employees got benefit, even if
not qualified. Why not this magnanimity be exhibited towards lesser mortals
like pensioners, who richly deserve more. Similar such outlay can well go
to grant pension upgradation & to augment pensioners welfare.
ii) It must be noted that outlay question was
never raised by LIC. No new point can be raised now in SC . Yet, it is sad some
elements want to put spokes, saying LIC will not be able to pay, & even going
to the extent of saying LIC will be in deep trouble. Charter of Demands for ensuing wage talks
portray demand of 3/4th of last drawn pay as Basic Pension! So too CV of pension as 50%.
iii) Surplus 5% to Govt Rs 830cr,929cr,
1031cr for 2007/08, 2008/09 & 2009/10, Rs1138cr in 2010/11 & Rs.1282cr in
2011/12. Taxes paid to Govt stood at Rs3625cr,3973cr & 4425cr
for 2009/11,2010/11 & 2011/12. What more testimony is required.
iv) OER was 12.10,13.10,14.89 &14.27 %
for2008-09,2009-10,2010-11,& 2011-12 respectively.
v)LIC is set to settle a whopping Rs90,000cr as
Maturity claims & Survival benefits during current year 2013-14,which
eclipses the premium of all private life insce companies put together !!
11)B) i) The number of pensioners
stood at 38,200 in 2006-07.38434 in 2007-08 & 43,043 IN 2010-11. It is just 1907 pensioners only per Year
added All India, app 238 per Zone.
ii) We took correct figures of Pensioners RP as
well as FP bifurcated ,not all in jumbo together. While CO actuals were taken
as app 14,460 Pre-8/97, now 14,444 almost same till 31/7/2007, We took 25,764
in all 40224 comprising 27,952 RP & 12,272 FP. BUT, as actual pensioners
figures till 2009-10 itself, TP is 41,676 only.
So, Outlay figures come down much lower. Outlay will be only Rs1192 Cr. for
all these years put together. In
essence, therefore, Rs 79.5cr/pa which is indeed a paltry amount for such a
gigantic financial institution. It may
be recalled that LIC Counsel orally said Rs1200 capp as outlay in Jaipur HC.
iii) Total pension payments right from 1995-96 to
31/3/2011 comes to Rs3707.84cr only. We can also be happy that pension payments
for all 45,476 pensioners for 1 year period ending 31/3/2012 is only
Rs585.41Cr, Rs10,738PM on an average, very small amount.
iv) Correct yardstick can also be pension payments in
relation to:
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