Have policyholders & Central Government gained at the expense of LIC pensioners

Sri CHM, your points are well made out. But the crux of the matter lies in our Counsel understanding it and projecting it cogently, and more importantly, the Judge following the arguments with clarity. Your point regarding, higher Bonus to PHs and higher returns to Govt., in the years gone by, at the expense of Pensioners is as valid a point as it is a bit involved. Don't know if it will be granted as made out. But it is true. Another point we need to develop a little further is the one you have indicated correctly -- that the 5 yearly Revisions cost more and pension improvement principle is part of the 5 yearly Revisions to employees. It cannot be separately pointed out as some out of the way expense being suggested. This principle has been repeatedly developed from the IV the Pay Commission Report onwards. So the principle of parallel improvement for Pensioners, if not in quantum terms, but at least in a substantial way carrying the idea of parity, because there is no separate market for pensioners with lower rates of anything, and the effective movement to go with the market conditions is a must, in the interest of Natural justice. We will need to keep this in our armoury as and when the Court Hearings start on our matter.

Regards

D.Krishnan.