Memorandum to The Chairman, LIC of India submitted through Senior/ Divisional Manager byAll Divisional Units ofAIRIEF 5th DEcember 2015

ALL INDIA RETIRED INSURANCE EMPLOYEES’ FEDERATION          (Registration No. 500)                                                                     # 212, Jeevan Kendra Layout, Cambridge Road, Halasuru, Bengaluru 560 008
PRESIDENT: S S Saxena A 303, Shalimar Regency, G-2, Gulmohar colony, Bhopal 462 039 0 982 605 9506 / 0755-272 5469 anandprs@yahoo.co.in	GENERAL SECRETARY: G. Krishna Swamy # 212, ‘Rohini’, Jeevan Kendra Lyt,  Cambridge Road, Halasuru, Bengaluru 560 008 0-98867 97756 / 080-2530 1437 embargk@gmail.com		ORGANISING SECRETARY B. Angurajan 1/16, Income Tax Colony, 4th Street, Vilangudi, Madurai 625 018 0 944 338 1571 ambigaangurajan@yahoo.co.in	ORGANISING SECRETARY Arun Kant Shukla 5, Pipe Factory Road, Post Shanthi Nagar, Raipur 495 001 0-942 520 8198 shukla.arunkant@gmail.com	TREASURER: Jayaprakash V                          No. 130, 3rd ‘B’ Cross,   7th Block, 2nd Stage, Nagarabhavi,  Bengaluru- 560 072 080-2358 5321, 0-98869 53421   jp17121952@gmail.com
VICE PRESIDENTS:   R.B. Kishore, Chennai            044 2815 5810 / 0 98403 40591 rbkseetha@gmail.com   Pulkit Dube, Jabalpur          0761-262 3284 / 0 94247 55422 pulkitdube1940@gmail.com    G.T. Parikh , Ahmedabad          079-2660 7612 / 0 94296 04829 gtparikh1938@gmail.com     K M L Asthana, Jaipur          0141-2299 575 / 0 98285 38725 asthanajaipur40@gmail.com     S S  Verma, Aligarh           0-962 784 9321     A. Balasubramanya,   Bengaluru          080-2322 0515 / 0 98860 27581 absmanya@hotmail.com     Anil Deb,   Asansol          0341-225 1204 / 0 78726 91455 scghoshrieaa@gmail.com     Chayan Singh ,  Jamshedpur          0657-234 8270 / 0 97091 05245 csgslic236@gmail.com EDITOR – VARISHTA VAANI: SS          Smt. G.Subbalakshmi                      040-2374 0250 / 0 94910 67228   subbalakshmi18@yahoo.com  DY GEN SECRETARIES:       DD Gupta - New Delhi            011-2786 5332 / 0 98998 15234 anshulgupta89@ymail.com       Ivan Rodrigues - Mumbai              0 975 708 5303         JOINT SECRETARIES:       Ram Krishna De – Kolkota             0 84209 64778 / 033 2497 2356            ramakrishnas.postbox@rediffmail.com            R C Bhatt - Udaipur                       0 941 454 6798  / 0294 248 6798         rc.bhatt56@gmail.com      Pramod Bhatnagar, Bhopal                      0 942 560 7286 /0755- 277 1076         pb_1176@yahoo.co.in       B P Buch , Rajkot                     0 281-247 2631 / 0 98240 64779         buchbp@gmail.com               N Rajagopal, Hyderabad                     0 994 853 9567 / 040 2353 4249         noriraj@yahoo.com               B S Verma, Meerut                     0 935 990 5405         bsverma.lic@gmail.com               KKC Panickar, Tiruvananthapuram                     0 944 779 1874 / 04712541074         panickerkkc@gmail.com               P K Sharma,   Muzaffarpur                   0 993 444 8963 / 0621 2278703          pravinprachi321@yahoo.co.in      HQ JOINT SECRETARY    T V David John             0-9980862668   davidjohnathan@gmail.com		MEMORANDUM           To the Chairman, LIC Of India, through  Senior / Divisional Manager,                                                           Zonal Manager, LIC.                          It is a matter of great pain and stress that pensioners of Life Insurance Corporation of India who are in the evening of their life are compelled to submit this Memorandum for the kind consideration of the management.                During their active service they had given their best and made the institution second to none in the financial sector; they continue to hold its banner high. True to its motto, ’YOGAKSHEMAM VAHAMYAMAM’ i.e. ‘Thy welfare is our responsibility’, LIC has been taking care of the policyholders. Besides, it provides funds to Governments, both at the centre and States, and various industries, and plays a vital role in development of the country. This is the institution that respects and honours its commitments made to the people. But LIC has been insensitive towards its former employees who were instrumental in laying its solid foundations.   It is, therefore, with a sense of agony & despair ,we bring to your kind notice that LIC management is not honouring the orders of various Courts, which provide relief to all the retired employees of  LIC  on two long pending demands viz: 1)    Updation of pension consequent upon revision of pay scales of in-service employees from time to time ie. 1997, 2002, 2007 and now 2012 and subsequent revisions as and when it takes place to remove the monstrous anomalies. It is a tragedy that Basic pension remains unchanged without any rise whatsoever, ever since inception 1/11/1993 & we pensioners are in IV Pay Commission mode !! 2)    To remove glaring anomaly as also discrimination  with regard to payment of DR to pensioners who retired before 1.8.1997 as they are getting 50% neutralization whereas who retired after this date get 100%. It is unfortunate that instead of implementing its own Board Resolution, LIC is inordinately delaying the matter.  As you are aware, after exhausting all our channels for implementation of Board Resolution,  Writs were filed in Jaipur High Court and the learned Judge upheld the same vide historic Judgment dated 12.1.2010. LIC’s Appeal in Division Bench and subsequent Review Petition were dismissed.

Hon’ble High Courts of Punjab & Haryana, Chandigarh and HC of Delhi have also allowed similar writs on the lines of Jaipur Judgment, with further orders by Punjab & Haryana allowing 12% interest for late payment, and Delhi HC allowing implementation ‘in rem’.   LIC filed SLPs in the Supreme Court which too were dismissed. Though the revised SLPs filed by LIC were converted into Civil Appeals, the Hon’ble Supreme Court passed the following orders on 19.8.13, 30.9.13 & 8.10.2013 while disposing off SLPs filed by LIC against the orders of three High Courts:

“There shall be no stay of the directions given by the learned single Judge vide order dated 12.01.2010 passed in S.B.CWP No.6676 of 1998 and connected matter.” connected matter meaning CWP No.654 of 2007 regarding upgradation of pension).

It would be pertinent to mention that Central and State Govts revise the  pension as and when pay scales of their employees is revised on the recommendations of successive Pay Commission Reports. LIC Board passed a Resolution in 2001 and we expect the Management respect its own Board Resolution and above all honour the Supreme Court’s / High Courts’ clear cut orders, and desist from dragging the super seniors to unnecessary further litigation.

Out of about 48,000 pensioners more than 14,000 are Family pensioners indicating how LIC is imposing the injustice on such large number of families. Who will wipe the tears of the widows and her children? Family Pensioners ratio to Regular pensioners have jumped from 17% to 36%.This is a sad commentary on present state of affairs. Those who are surviving are in the age group of 70-80 and above. With high cost of living and ever increasing medical bills, they are being deprived of equity & justice for over 15 years. All of us are proud of our contribution of laying very sound foundation of this mighty Institution, but we are dismayed by the indifferent  and unhelpful attitude of the management in paying the overdue retiral  benefits of updation of pension & removal of DR anomaly to the retired employees.

Through this Memorandum, on AIRIEF FOUNDERS DAY,19 year young, we earnestly appeal to you to honour so many successive Court orders from eminent Hon Judges and uphold the sanctity of LIC’s own Board Resolution , accept & immediately implement the judgements with twin benefits of successive pension upgradation & Full DR to pre-8/1997 pensioners, which the Hon SC Bench in its Order dt 17 October, 2012 laid down  “pay retiral benefits from the date of eligibility”, meaning date of retirement.

WE wish and hope our appeal will be respected and implemented without any FURTHER DELAY.

PRESIDENT                                                                          GENERAL SECRETARY