D A Formula

There is no use of talking about the MOU dt 14/1/1994.
Once the Pension Rules have been notified on 28/6/1995,the MOU has been superseded.
Better we fight on constitutional grounds and invoking discrimination by Rule 55 B and Rule 56 providing for application of CCS Pension Rules 1972.
Even in Bank case the agreement before the settlement was not recognised by the SC.

CHM



Dear  Angurajan   ji                                                                                                      13-9-18

                                  

                                       As far as I know  struggle for pension  wet  on for several years .LIC  

management  and   employees  unions   wanted  some scheme  to come  That was the  time of    4t Central Pay Commission  period .  There was a discussion  on the  DR  formulae.  On The  demand

for   " on par with inservice employees  "   was agreed  on 14-1-1994 with inservice employees associations . Then Sri  SK Mukherjee   was the  ED (P) . After retirement   he  became the President of  

G N S Federation . While implementing  the understanding    APPENDIX IV    was on  the lines of   

 4 th  CPC

From the date  of formation of  AIRIEF  on 5-12-1995  we had been  agitating   Sri Yeswant Sinha 

and Sri P Chidambaram  as FMs   were  dead against  changing the   formulae, improve the formulae 

First writ was filed in Rajasthan HC  in Dec 1998.  Rest of the struggle  u know 

Now   LIC  under pressure  from GOI  or on its own  disowns  their  own   pensioners 

Thanking u

 Y/s

  cs murty       .            

On ‎Wednesday‎, ‎September‎ ‎12‎, ‎2018‎ ‎04‎:‎18‎:‎14‎ ‎PM‎ ‎IST, Angurajan Balasubramanian wrote:

Respected Sir 

At the time of  introductions  of Pension the DA formula was also introduced 

But upto Rs 1250 100% was introduced  

and others tapering DA adopted 

Why LIC introduced such a BAD principal to various cadres 

Let  us know the reason 

is it sabotage of AIIEF? 

Or PANCHAPADI 

Is  only to lower cadres 

Or 

Other Association has magnanimously unnoticed  the future out comes 

Kindly inform me sir 

B Angurajan