It
was only during negotiations & talks with all Unions for completing
wage settlement for 1/8/2012---31/7/2017 LIC gave assurance to
employees that 2nd Option may be offered by Govt .This was reiterated
in Union Circulars subsequently, after wage charters were satisfactorily
settled .Viewed in this context,the reply in Parliament by Union Minister for Finance** is shocking. Govt has the tendency even to abrogate
promises given to the highest Functionary of LIC, Chairman &
ultimately backtrack & give a deathblow to employees ,denying them
the 2nd option
It
is strange & ironical that 2nd Pension Option was given to Bankers
& that was such a large number,as compared to insurance industry.
UOI does not even want to maintain same stance for same problems &
more so ,when it was already given to Banks,ipso facto, Govt should have
maintained parity in decision-making for LIC employees.
RBKISHORE
VP,AIRIEF
**Posted on this blog on 04.03.2017
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