40% IR Brisk work goes on,individual calcualation sheets will be given,some hints go thro

 Dear All LIC Pensioners Friends,

1)CO Circular dt 5/5/2016  & Annexure,Letter from CO Per to CO ITDept, we circulated.We immediately  inserted in our Website airiefvision.wordpress.com for all to see & understand.

2)It looks again LIC is playing hide & seek, confining to its own restrictive interpretation & paying 40 % IR in same manner & methodology as they adopted for paying 20 % IR earlier.So, amount will be far less than what it would have been, had LIC  honoured SC Order dt 31/3 2016 released on 7th April 2016.We repeat Para 27 of SC Order re 40 % IR.."Keeping in view the totality of circumstances of the case,it is hereby directed that the Corporation shall pay 40% as per PARA 3A of the Appendix to each of the employees within 6 weeks & shall file an Affidavit before the HC of Delhi to the said effect.--------Needless to emphasise,the aforesaid payment shall be subject to final results in the writ petitions" 

3)As per CO Circular, this time, in view of protests earlier while LIC paid 20%,no Calculation Sheet was provided to Individual pensioners.This time ,CO has provided, in the programme itself release of Calculation Sheets to every pre-8/1997 pensioner securing 40 %IR.We all must insist on that,no sooner we get credit of 40% IR to our Pension SB Ac

3)I learn from SZO that 1 or 2 Zones got programme a day or 2 earlier.PLUS SZO programme could not be opened & after hectic contacts with CO,got the patch needed for such cases , so download was made possible

4)I have reminded authorities at SZO OS today again.They are briskly at at making payment without delay.

It seems for SZO it will be 300 app & total for entire SZ ,the numbers may be 3000 plus as pre-8/1997 pensioners

5) Sri RKSahni is a veteran in speedy EXCEL calculations & preparing Charts & Tables for many purposes.He is noted for accuracy,.Pensioners should understand the complexity of calculations made reasonably simple.They should not find fault & aur grievances in a cavalier fashion without basic etiquette

I have pleasure to attach his Calculations for ALL Cadres on LIC method only

FORMAT FOR 40% IR CALCULATION LIC METHOD

DEAR ALL LIC PENSIONERS,
THE ATTACHED FORMAT CAN BE DOWNLOADED ON YOUR DESK TOP. AFTER OPENING THE SAME AND CLICKING ON ↓(DOWN ARROW)


 FORMAT FOR 40% IR.xls

FORMAT FOR 40% IR.xls

This can be safely used by ALL PRE-8/1997 pensioners to whom now 40 % IR is being credited to their Pension SB Ac

Fill up the few columns,it leads you to complete the calculations in quick time

6)We may also mention that Charts prepared always take into account MaximumPay  of the Cadre/s ,without stagnation Increments etc

Some calls received by me or emails received by Mr RKsahni,for that cadre revealed app correct amount,as not all will be in Maximum & that pensioner would have been in 1 or few Steps below & so we could ensure accuracy of these calculations.

This time,as LIC will be giving to EACH Pensioner the Calculation Sheet, much better clarity will arise

7)Please be on the lookout for CREDIT of 40%IR to your Bank account

8)We have in our earlier emails delineated the URGENCY of Substantial & Gracious Donation, from ALL pensioners ,amounts fixed by AIRIEF Slabwise, to garner Adequate Legal Fund for the battle at Delhi HC & later at SC

GREETINGS,

RBKISHORE

 VP, AIRIEF