Our Meeting with Top Officials of LIC

​          eCircular Dt. 30-12-2015        ​

​Message on the New Year Eve

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As scheduled, a team of our Federation led by our President Shri N.P.Bali and consisting of myself and M/s Nerurkar & D.M.Pathak met the Chairman, M.D., Dir. (Personnel) and Chief (P) at Central Office today. We are thankful to our past President Shri S.K. Kapahi who kindly accepted our invitation and joined the team.

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​             ​The matters taken up and the gist of discussions are briefly furnished below:

(1) Removal of DR Anomaly : From the discussions we had, we could

all the affected pensioners will get relief​see an encouraging attitude. We are hopeful that ere long

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Re : calculation details of the 20% IR paid already, we only have to wait till the case comes up on 20-1-2016.

(2) Upgradation : On this issue, the top management was non-committal and cited Govt's approval will be necessary. On our part, we insisted that pension cannot be allowed to remain static for over 22 years and insisted that the matter should be considered seriously so that all section of pensioners will be benefited. Let us wait on this also till 20-1-2016.

(3) Domiciliary Medical Expenses : We strongly pleased with all the officials, whom we met each of them separately that the benefit is called for an urgent measure. All of them were receptive and we feel that a little more of push we should get this benefit before long.

(4) Deduction of Medical Premium : As already communicated to all units by SMS, deduction in 12 monthly installments has been approved and will be a great relief to all of us in retaining the quantum of take home pension uniform all through the year.

(5) Re : Fixation of Pension for 92-93 retirees we stressed that in the light of the dismissal of LIC's SLP in M.C. Jain's case, there is no justification for delay in resolving this issue. Dir. (P) took a note of our points in writing and M.D. also informed that the matter will be looked into.

(6) Quarterly Review for release of DA increase.  We were assured that the matter will be examined.

On the whole, our meeting proved to be a worthwhile exercise and we hope that the year to follow will bring us the benefits sought as above.

We shall be circulating copy of our memorandum covering all the matters by post shortly.

With GREETINGS to all our members for a Very Happy & Prosperous New year 2016.

Shri G.N.Sridharan

Gen. Secy. Federation of Retired LIC Class I Officers'Associations

Camp  : Mumbai