Mr K M L Asthana is absolutely wrong.Because the LIC Pension Rules 1995 have provisions which are in violation of Articles 14 & 21 of the Constitution,they are before the Supreme Court for adjudication on being contested by the pensioners.
Chairman & MDs are not employees of the Central Government, but whole-time Officers of the LIC.Only the appointing authority is the Central Government.If they are Central Government employees,what was the need for Rule 55 B? Our Pension Rules cover only LIC employees and pensioners are also employees who have retired.
Let us not distort facts.
C H Mahadevan
3 comments:
one of the CMD OF New india assurance have opted for pension now only when the third option given,if he is a central govt employee why to opt for pension now.Rule 56 of LIC is Rule 55 in GIC.MrKMLA is on wrong foot & likely to seal the fate of other
As per the definition of employee, CMD & MD is an employee of the corporation,now KMLA says as per para 55B they are employees of central government.How they can be employees of LIC & GOVT at the same period.Either I am wrong or he is wrong.
The Chairman was made an Employee of the corporation by inserting a proviso to clause j of the pension scheme
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