DEAR ALL,
I attach a tabulated summary of the various case laws cited in the SC judgment in C A No 5525 of 2012 giving relief to the pre-November 2002 retirees who were denied the retrospective benefits due to them on the bipartite settlement on 2005.
I have also given my comments(in my opinion) in the remarks column.
The essence of the case laws is that Pension is a matter of right and not a bounty, it is akin to property and no vested right can be taken away with retrospective effect.
I would welcome feedback on the points brought out in the Table with special reference to application to our SLPs in SC.
I am also attaching a copy of the February 18 issue of BIMA VIDYA, the house (e-)magazine of MDC in which my article on LIC's financials has been published, for your kind information.
Greetings.
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