That was the right thing to do.This was the point that was specifically
raised in the first writ petition no 6676/1978 filed by Mr KML Asthana
& others at the Jaipur Bench.The writ petition was allowed in effect
ordering LIC to rectify the anomaly of the dual DR formulae for
retirees and in-service employees.This was also the intent of LIC Board
Resolution dated 24/11/2001 which was ordered to be implemented by LIC
in the Jaipur judgment which was delivered on 12/1/2010.However LIC
found it convenient to interpret the Resolution in its own way and
calculate benefits(erroneously) from 1/8/1997 instead of from 1/11/1993
or the date of retirement whichever was later.
It
is also significant that in its Interim order dt 17/10/2012 while
clarifying its earlier order, the Supreme Court had ordered LIC to pay
the retiral benefits from the date they were due while depositing the
amounts in the Jaipur HC Registry.This was also in recognition of the
fact that DR anomaly had to be removed first before anything else.
Thus
from any angle the actions of LIC in regard to the Jaipur petitioners
are legally uncompliant.The same faulty approach was repeated by LIC
while depositing amounts relating to petitioners before Chandigarh HC
and also while calculating the interim relief paid to about 1200 retired
class I Officers(cleverly avoiding providing calculation sheets) in
September 2015.
Let us hope all this mischief gets exposed before the Supreme Court on 20/1/2016 or soon thereafter.
Greetings.
C H Mahadevan
On Sunday, January 10, 2016, Sastry Vinjamuri <svinjamuri40@gmail.com> wrote:
On Sunday, January 10, 2016, Sastry Vinjamuri <svinjamuri40@gmail.com> wrote:
Sir,Namaste. Thank you for elucidating on the matter of D.A. anamoly. But what prompted LIC to make the D.A. formula uniform to pensioners and serving employees,from 8/97, without any asking from employees' and officers associations, as far as know. Regards,v.v.l. n.sastry.
