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Friday, 13 October 2017

Pension payment date for LIC Pensioners

Dear sir

As per LIC Pension Rules,  pension is being paid on the 1st of the following calendar month.  We are getting pension payment every 30 or 31 days of the calendar. As such what difference would it make if the pension payment is given on the last working day itself instead of 1st of the following month.   The 30/31 days distance between 2 months pension will continue to be there even if our request is acceded.

Therefore no perceivable benefit will be come to pensioners after our request is accepted.  I feel this is not all an issue to be taken up with the management.  There are important other issues outside the purview of our Case in SC.  The Unions/Associations of Pensioners could do well by spending their time and efforts for the following issues which will bring REAL BEBEFIT to the Pensioners Fraternity instead of frittering away their valuable time on frivolous issues like pension payment date.

1.  30% of last drawn salary to be taken as Family Pension, instead of the present 15% 
2.   Last drawn salary or last 10 months salary whichever is beneficial to the Pensioner/Family  Pensioner is to be taken for fixing Basic Pension

J.M. AABOOBUCKER

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