An informal but useful Meeting in CO
I was at Mumbai last week in response to the invitation extended by our Mumbai Assn for attending their AGM on 17/6. As I had reached a day earlier our President and myself along with Sri Sawant, utilised time by visiting CO and met Senior Officers particularly in the Legal and Personnel (ER) departments. The Chairman and the concerned MD being by on a daylong meeting, we could not meet them.
From the interaction with
the CO Officials, we could get the following impression.
1) LIC is probably
not going to agitate against the DHC judgement .The CO is now engaged in
working
out the cost of implementing the .29 &.23 formula on DR for pre 97 retirees. On their specific query, we could not avoid mentioning that AIIPA and AIRIEF are also contemplating similar action like us by approaching the SC.
out the cost of implementing the .29 &.23 formula on DR for pre 97 retirees. On their specific query, we could not avoid mentioning that AIIPA and AIRIEF are also contemplating similar action like us by approaching the SC.
2) On medical
scheme the suggestions made by us and others including reimbursement of
Domiciliary medical expenses are under consideration. We were told that it
could not be effected immediately as the group policy for the current year has
already been issued, and hence we can expect improvements for policy year
2018-2019.
3) Despite our legal
notice the attitude on 92-93 retirees' issue appears to be negative (as we have
sent notice to Govt also we have to wait for some more time.
As for cost aspect on no.1 above we, with the limited
information with us, believe that LIC's monthly pension bill will go up by 4 Cr
or so only, and the arrears may be around 40 Cr.
The well attended AGM of
Mumbai Assn. Was held on 17/6 and details will follow in our next circular on
organisational matters.
With greetings
GN Sridharan Gen. Secy Fedn
of Retd.LIC Class I Officers' Assn
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