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Sunday, 9 June 2024

Difference of pension to 1992-1993 retirees

I refer to the letter written by our Joint Front to LIC Chairperson requesting for payment of difference in pension only from 1/11/1993 till date by refixing pension based on the judgment delivered by Kerala HC ignoring difference in commuted pension .

I would suggest to the concerned eligible retired officers and the nominees/legal heirs of deceased eligible retired officers to request LIC to pay the difference in salary without  difference commutation value, as if commutation difference is paid, then the arrears will be substantially reduced, because the amounts recovered for commutation will far exceed the difference in commuted pension.
In cases where the retired officer died within  15  years of the commutation becoming absolute , i.e well before 2010, the nominee/ legal heirs may decide whether it is more beneficial to receive commutation difference  and make a request suitably . 

But we are still not sure how LIC will act in the matter , as,  in the  case of Mr M C Jain, reportedly he got a meagre amount due to commutation difference recoveries.
The Pensioners' Associations need to suitably guide the beneficiaries in the matter.
C H Mahadevan

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