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Wednesday, 10 October 2018

LIC Reports compliance of Supreme Court Order dated 30th July as per mail from our Counsel

Dear LIC Pensioners Friends,
Given below is a copy of mail received from our Supreme Court Advocate Sh Jay Savla just now for kind perusal of All Affected LIC Pensioners  as well as All Case Managers
Regards
B R Mehta
10.10.2018
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Dear Sirs,

We have been served with the Affidavit of Compliance filed on behalf of Life Insurance Corporation, scanned copy of the same is attached herewith.  In para 9 and 11, the Corporation has stated that they have paid the amount of arrears of Dearness Relief to 3630 pensioners amounting to Rs.23,08,22,942/- together with interest as directed by the High Court in paras 107 and 109 of the High Court judgment and minimum pension to 56 pensioners amounting to Rs.7,76,174/-. 

We are given to understand that there is a shortfall in the amount disbursed to retirees in our Petition on account of date of arrears been calculated from 2007 instead 1998 and rate of DR is taken at 0.23% instead of 0.29% of the basic pension in excess of Rs.2130/- utpto 3850/-. 

To substantiate our contention, kindly provide the calculation of payment made by LIC to each of the retirees and the shortfall amount payable to them. 

Regards
Jay Savla
Savla & Associates
Advocates & Solicitors
A-56/A, Lajpat Nagar - II,
New Delhi - 110 024
Tel: 29832584, 41722021
Telfax: 29841946


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