Revision of pension to post 01/8/2012 retirees.

Respected sir ,

This is in response to Sri RB KISHORE discussion with MD on above subject .It is very kind of him having taken up the matter at highest level .But the argument put by MD seems to be dodging . The employees who retired after 1/2016 are getting pension and commutation as per revised scales . If for them amendment to pension rules is not required, why for others who retired between 8/2012 and 1/2016 is required?

I do not remember earlier occasion in wage revision in 2010 w.e.f 1.8.2007 such delay has occurred and waited for  amendment to PR rules .

This requires urgent attention and organisation intervention.
With regards.

Yours faithfully

K.PANDURANGARAO

 NOTE: 1. The wage revision wef 01.08.2007 was notified on 08.10.2010.

             2. The instructions for implementation of Amended  Rules,2010 were issued on 18.10.2010

             3. The instructions for implementation of LIC(employees) Pension Rules, 1995 w.e.f. 01.08.2007    

                 were issued on .09.12.2010

1.  LIFE INSURANCE CORPORATION OF INDIA
CENTRAL OFFICE, MUMBAI
Department : Personnel/ER ‘Yogakshema’
Jeevan Bima Marg
Circular No. : ZD/1159 /ASP/2010 Mumbai-400 021.
11th October, 2010
TO ALL OFFICES OF THE CORPORATION :
Re: Instructions for implementation of the Life Insurance Corporation of India Class-I Officers (Revision of Terms and Conditions of service) Amendment Rules, 2010.

2.