Changes required in NGI and other benefits to the employees.

President B.P. Singh Chauhan Chairperson Sujeet Kumar, MP Gen. Secretary S. Rajkumar

AI/2426/comm/02

Dated 6th July 2024

To, The Executive Director (personnel) LIC of India, Central Office Mumbai.

Sir,

Sub: Changes required in NGI and other benefits to the employees.

We are writing to you with a specific request to reconsider the policy on increments for long-serving employees, and we hope for your immediate attention and favourable action on this matter.

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Currently, increments are only awarded if the employee is in service, even after completing 365 days of service. The Honourable Supreme Court has addressed this in Civil Appeal No. 2471 of 2023 (@ SLP (C) No. 6185/2020. The apex court has clearly stated that denying a government servant the annual increment he has earned for the services he has rendered over a year, subject to his good behaviour, is unjust. Therefore, the entitlement to receive an increment crystallises when the government servant completes the requisite length of service with good conduct and becomes payable on a succeeding day, regardless of his employment status. This judgement of the Supreme Court applies to all. Hence, we request the management to make the necessary amendment in staff rule to incorporate these fair and just changes. The entitlement to the benefit of annual increments, Stagnation increments, periodic employee benefits, or revision in salary is due to the service already rendered. Merely because an employee has retired on the preceding day of due benifits, he cannot be denied the annual increment, Stagnation increment, periodic employee benefits, or revision in salary to which he has earned after rendering the required service with good conduct and efficiency in the preceding year/ specified period.

Central Committee Office: 5th floor, Industrial Assurance Building, Vir Nariman Road, Near Eros Theatre, Churchgate, Mumbai- 400020. Reg. Office: RG210B, Kochulloor, Medical college P.O., Thiruvanthapuram-695011 e-mail :aicl1fed@gmail.comWebsite: www.licclass1federation.in

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  We have proposed that the pension be calculated on basics of the last drawn salary or the average of ten months' salary, whichever is higher, as is prevalent in the Central Government. To our knowledge, this has been approved by the Board of LIC and is awaiting approval by the Department of Financial Services. We urge you to expedite the process for immediate implementation, as this will significantly benefit our employees and their families and is urgently needed.
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  At present, the enhanced family pension for the spouse of the deceased employee is given only up a deceased employee would have attained the age of 65 years. This is given up to the age of 67 in all the other institutions, including Banks and the Central Government. We demand that this should be implemented in LIC also.

All three demands mentioned above are vital to the interests of in-service and retired employees. Considering that many employees will retire in the next two years, these changes will improve their living standards. They are already prevailing in most institutions and have been approved by the country's apex court, indicating the need for us to align with industry standards.

Hence, a team should be delegated to liaise with the Department of Financial Services to bring necessary amendments as soon as possible.

Thanking you.

S. Rajkumar All India General Secretary

e-mail :aicl1fed@gmail.com

Website: www.licclass1federation.in