A Letter dated 31.01.2025 sent by our Association to ZM Incharge NZO

A Letter dated 31.01.2025 sent by our Association to ZM Incharge NZO regarding Pension Credit on 1st Saturday being A Non Working Day 

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LIC Class One Retired Officers Association Panchkula ( Regd)

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Pkla / 12/ 24-25 31.01.2025

Sh J P S Bajaj 

Zonal Manager 

Northern Zone 

New Delhi

Dear Sir , 

Re Payment of January 2025 month Pension on 1st February Saturday being  a Non Working Day for LIC Staff 

We wish you & your Team a Very Happy Happy 2025

Our Association  membership base of 270 Members is spread over multiple Divisions in NZ like Srinagar  , Amritsar,  Jalandhar,  Ludhiana,  Chandigarh,  Shimla, Karnal, Rohtak, NZO Delhi besides three Divisions at Delhi 

Due to five days working week in LIC , our Pension Credit gets delayed whenever 1st& or 2nd happen to be Non Working days despite CO clear instructions to ensure Pension Credit on 1st of each month irrespective of 1st being a Holiday 

OS Deptt performs their job quite sincerely by generating Pension Payment Voucher on last working day of each  month

However,  due to lack of coordination  between F& A Team sitting at their homes ( being  their non working day ) & Concerned Banks Staff   Teams (1st Saturday in Banks is generally their working day except few exceptions in case of 1st Saturday falling on Holidays )

When questioned for delayed Pension Credit   , they try to pass on the entire blame on RBI NEFT System  which is totally wrong since a few DOs are in a position to credit Pension on 1st despite all constraints

As such, we request your goodself to please  issue clear instructions to your  OS Team to revisit this whole issue of delayed Pension Credit & take immediate steps  to ensure  Pension  Credit  on 1st  Saturday without fail (despite being their  non working day )

Alternatively  , kindly arrange to send your recommendation to CO to please revise Pension Credit System with clear instructions to all Pension Disbursing Offices for crediting Monthly Pension on last working day like Nationalised Banks 

With our Thanks & Regards 

( B.R Mehta)

General Secretary