Regarding Rule 2(j)

Let us consider the Clause 2(j) in a composite manner:

"any person employed in the service of the Corporation on full- time work ..... and who opts to  and is governed  by these rules......"

'Employed in the service of the Corporation on full time  work'  also includes those  who were employed any time after 1/1/1986 & who opted  & who are governed by these rules.It is important that the employee must have been engaged in full time work before the time of exercise of the option irrespective  of when  he /she was due to retire or retired.All the employees who retired  so far after 1//1/1986 having been recruited before 28/6/1995  were employees of the Corporation on full time work as per the definition in this clause.It has to be noted that this sub-clause does not exclude retirees from the definition of employees.

So,I am very clear in my mind that all retirees governed by the LIC Pension Rules 1995 fall under the definition of 'employees',although all serving employees may not come under LIC Pension Rules 1995 as the Rules exclude those who were recruited  after 31/3/2010 are excluded.

It should also be noted that family pensioners draw family pension as spouses of retired employees  and not as spouses of pensioners. Of course we call retirees drawing Pension as 'regular pensioners' while loosely which word is not used in the LIC Pension Rules 1995.Spouses get family pension based on the status of the retiree as employee and not as spouse of Pensioner.

I hope I have made myself clear.

Kind regards.

C H Mahadevan

On Fri, Feb 25, 2022 at 7:18 AM S.R.SRINIVASAN Srinivasan <srsrinivasan1935@gmail.com> wrote:

Sometime back I had said in a post that according to rule 2(j) all pensioners also are employees of the Corporation. You had also concurred with my statement.

After reading the rule again now a doubt has arisen in my mind. Please see the words used in the rule: " any person EMPLOYED in the SERVICE of the corporation on full time work.

Pensioners are no longer employed

in the service of the corporation. We have already retired frm the service of LIC. So can't it be argued that the rule refers to the in -service

employees only and not to the pensioners?

Kindly examine again and enlighten

me.

Thank you.

SR Srinivasan RIEA Thanjavur

9791754282