LIC GROUP MEDICLAIM SCHEME GUIDE

LIC GROUP MEDICLAIM SCHEME GUIDE 


CLICK HERE 

DEAR FRIENDS, CONGRATS, YOUR BLOG CROSSED 4708444 HITS ON 26.04.2026THE BLOG WAS LAUNCHED ON 23.11.2014,HAVE A GREAT DAY
VISIT 'PENSIONERS VOICE & SOUND TRACK' WAY TO CATCH UP ON PENSIONER RELATED NEWS!

Thursday, 17 September 2015

Are the intersts of pre-August 1997 Pensioners neutralized?

SHRI Lakshminarayanan Thathachary  writes:

Some pre-August 1997 Pensioners are receiving payments from LIC of the 20% IR ordered to be paid by SC. A few will be wondering why two persons retired in the same cadre -one  before 1-11-903 and another after 1-11-93-have not received  same amount and the difference between them is too wide. This is because of inter-se
disparity in the Basic Pensions prevailing between pre. and post 1-11-93 Pensioners  
about which I had already written in my earlier post. Till the disparity is removed the anomaly will remain.
         The thinking that getting the benefit of updation  will automatically solve the DR
 issue faced by pre-Aug.97 Pensioners is a myth. This can be seen from the way in which  the interim relief just paid is calculated. As I   understand, the DR actually received on 1-8-97 was added to Basic Pension and the total  treated  as revised Basic Pension on 1-8-97 -Dearness Relief on 1-8-97 being ZERO. The IR received by 
some now is only on future accruals of DR. This method of calculation, I think, is a
fraud committed on aged Pensioners.

         DR rectification for pre-Aug.97 Pensioners should  be done independentlly of updation. to bring maximum benefit. Discrimination in DR arose from 1-8-97 with the 
Goverenment Notification dt.22-6-2000 amending the pension rules prospectively
conferring 100% DR benefit to post-1-8-97 Pensioiners and denying same to pre-
1-8-97 ones. This discrimination in DR formula should first be removed from 1-8-97
by again amending Appendix IV of Pension Rules applicable to pre-1-8-97 Pensioners and providing for DR @0.67% on full Basic Pension in respect of 
pre-1-11-93 Pensioners and @ 0.35% on full Pension for post-1-11-93 Pensioners.
When this is done, the DR amount on 1-8-97 which is zero according to LIC method,
will vary from Rs.255/- to Rs2334/- from AAO to ED.  The increase in DR as on 
1-8-2015 will be substantial varying from Rs.1777/- to Rs.10846/-.

         I appeal to all our brother pensioners who are directly involved in dealing with court matters to take what has been stated above into their minds while finalising
their strategies for facing  the SC Cases on 23-9-15.