Dear Mr Sahni,
I refer to
your effort to prepare the chart of arrears for the benefit of the
eligible pensioners to receive benefits available as per the
judgment.
I would like to share with you two points of concern:
1.The
DHC Bench has enunciated a principle that the percentage of DR at any
pension slab in the tapering DR formula should not not be less than a
higher percentage fixed in the subsequent wage revision.
But
there is no mention in the judgment of increase of percentage to 0.35
for the slab 2001 to 2130 instead of 0.33 for pre-April 1993 retiree
Class I Officers
2.Even
though LIC has been given a long period of 9 months to pay arrears,
there is no express direction to LIC to revise the monthly pensions
immediately in the absence of which LIC may take its own sweet time-may
be nine months, if not more-before giving effect to the judgment
considering that the financial outgo is much more than the 40% IR paid
earlier.
I guess
that LIC,although engaging in internal processes to address the issues
arising from the judgment, may prefer to delay both providing increase
in monthly pension and also payment of arrears for which it has got
full nine months at its disposal.
It
will be interesting to know how the various petitioners are going to
handle this situation besides filing a possible appeal in SC.
Kind regards.
CHM
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