I attach the above chart which brings out the anomaly due to non-upgradation very clearly.
An Assistant retiring today gets more gross pension than an Executive Director retired before 1/4/1993.
In fact there is one ex-Chairman of LIC retired in September 1990 and another MD retired in February 1991 who are receiving a gross pension less than that of an Assistant retiring today on account of non-upgradation.
C H Mahadevan
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