Your circular ref AI/2426/comm/06 dt 10th December 2024- Need for amendment of LIC Pension Rules 1995 for timely payment of pension

Dear Mr Rajkumar,

I refer to your letter ref AI/2426/comm/06 dt 10 th December 2024 addressed to Executive Director(Personnel).

You have rightly stressed on the timely payment of pension to pensioners .

Rule 54 of LIC Pension Rules 1995 reads as follows:

"Manner of payment of pension- A pension admissible under these rules shall be paid on or after the first day  of the following month."

There is no reason for  the words 'or after' to have been added.These words need to be deleted by an amendment of the Pension Rules  by a Government Notification. This  also should be taken up with ED(P).

Kind regards. 

C H Mahadevan

Executive Director(LIC)(Retd)

Vice President ,Retired LIC Class I Officers' Association,  Hyderabad

To 

Mr S Rajkumar,

General Secretary, 

Federation of LIC Class I Officers Associations.,

Mumbai