Re: Mr GNS ' letter to ED(P)

Subect:Mr GNS ' letter to ED(P) My response to the points made in the letter of Mr G N Sridharan: Mr G N Sridharan states that the Federation would not like to go into how LIC had arrived at the reported amount that was settled. Knowing as we do that LIC can go wrong in their calculations as was experienced in the case of the petitioners in the Jaipur and Chandigarh cases, can we be sure that LIC would have paid the correct amount to Mr M C Jain in the absence of the verification of their calculation sheets? If LIC's calculations prove to be wrong and inadequate, is it the view of the Federation that similarly placed retired Class I Officers should also be content with a paltry amount even if LIC takes a broader view and makes similar settlements to them? Is it not necessary for the Federation to ensure that the concerned retired officers get the arrears of the right amounts legally due to them in terms of the Jaipur judgment? More so when the Federation has collected Rs 1000 each from a number of such members towards the legal fund contributions to take up their cases? Now that the dismissal of SLP in the Supreme Court has brought finality to the issue, I do not think there is any relevance for the pending Kerala HC case except to obtain an 'in rem' decision for settlement. I feel that the Federation should forcefully persuade LIC to make settlement of the right amount due to similarly placed retirees. I have heard a grapevine information that LIC has issued instructions for payment to similarly placed retirees. But I cannot confirm it authentically unless some similarly placed retiree officer actually receives the information of settlement. With greetings, C H Mahadevan Get your own FREE website, FREE domain & FREE mobile app with Company email.   Know More >