100% DR neutralisation for pre-August 1997 retirees of LIC

Arising out of the MOU signed between IBA and the United Forum of Bank Employees, the various pensioners' Associations need to immediately address a letter to LIC Chairperson to place the proposal for 100% DR neutralisation for pre-August 1997 retirees with effect from 1/8/1997 before the LIC Board for recommending to the DFS.  Even though the DR has been increased as per the DHC judgment dated 27/4/2017, the same is far less than what would be available under 100% DR neutralisation as has been agreed to for the pre-1/10/2002 retirees of Public Sector Banks & State Bank of India.  This demand is independent of the demand for upgradation of pension which is pending before the Supreme Court under six SLPs.  The 100% DR neutralisation should be demanded for family pensioners also.    C H Mahadevan