Difference between PSB Pension Rules 1995 & LIC Pension Rules 1995

I tried to compare the Regulations of Public Sector Banks with the Pension Rules of LIC and document some differences  between the two.  More significantly, the 'settlements' bind the  PSB Regulations while the Staff Regulations are the reference documents for LIC Pension Rules.Interestingly,under LIC Act 1956, LIC has been vested with some powers to make Rules of Recruitment while in case of PSBs the approval of the Government needs to be secured.  In case of PSBs,the Chairmen and Managing Directors are deemed to have retired while in case of LIC,after 1/1/1996, the Chairman & MDs are given a special status under Rule 55 B providing them the benefits of Central Government employees.  Rule 56 of the LIC Pension Rules does not require Central Government approval for its application while the same Regulation in PSB Regulations  requires Central Government approval for its application.  Now I leave it to the pensioners to draw their own conclusions on whether the implications of the judgments in either the Banks' Pensioners' cases or those of LIC pensioners' cases.In my view the only parallel that can arise  between the two will be on constitutional points and not on similarity in structure or practices between the two sets of schemes.The so called  'ripple effect' appears to me to be a myth.   Greetings.  C H Mahadevan