40% IR

Dear Mr Lakshminarayana, I checked the calculations of Mr Hanumantha Rao. He gets a difference of Rs 0.34  for the first 6 months from August 1997.The difference is negative for all the remaining 218 months. But for the instruction of ED(P) to ED(IT) to treat negative differences as zero, Mr Hanumantha Rao would have had to pay Rs 629/- to LIC as interim relief in reverse! By paying Re1/- to Mr Hanumantha Rao, LIC  can claim to have been magnanimous! Coming to the matter in all seriousness, please  ask Mr  Hanumantha Rao to send a xerox copy of the calculation sheet to me so that we can place it before the Supreme Court /Delhi High Court  at the appropriate time  to expose the faulty method followed by LIC in contravention of the Supreme Court Order dated 31/3/2016. Mr Hanumantha Rao may not be alone in this predicament. Such a situation may be obtaining in all cases of Class I Officers who retired within nine months after 1/4/1993.. But for a few family pensioners receiving Re1/- or Re2/- on account of rounding off of  the revised basic family pension to the next higher Rupee,99% of the family pensioners may also be receiving  only zeroIR. What a way to treat the aged pensioners/family pensioners of the glorious Life Insurance Corporation of India! Kind regards. C H Mahadevan