Feb 27 2017, 6:03 AM
cnamdev: in the written submission, we should
point out the attitude of then lic chairman that he will not preside over the
liquidation of lic, if pension is introduced, in spite of late pm pvn rao
compelled banking and insurance sectors to introduce pension and for small
pension even to millions of members of epf. Except board resolution, lic
continued that attitude for two decades, while being generous to wage revision.
further it was complicated by aiiea by asking pension in addition to pf, when
the pension itself was
Feb 27 2017, 6:12 AM
cnamdev: objected by the then chairman, while
even iba was supporting in banking industry .nothing adverse had happened
during the last two decades and will not happen in future also, as pension fund
had become closed fund, as no more members are added for the last six years, as
nps had been introduced.
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