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Tuesday, 12 January 2016

Fallacy of LIC's Calculations for pre-August 1997 retirees

 Dear All LIC Pensioners,       
Mr SN has indeed done a commendable job by giving a clear  narration of the background  in which the anomalous method followed by LIC comes in full glare  especially in the context of the Single Judge Bench order dt 12/1/2010 at Jaipur which gives a clear direction for removal of the DR anomaly.
As suggested by Mr SN,I am attaching two illustrations ,one relating to a retired ADM of pre-August 1992 retiree category and another relating to a retired  ADM  of the  post-August 1992-pre Aug1997 retiree.category.
Greetings.
C H Mahadevan

Illustrations-Click Here