Collateral damage of Covid-19

A positive way of looking at it,is if this principle is adopted in the case of LIC employees/pensioners,the implication is that,considering that the LIC Pension Rules 1995 have been patterned on CCS Pension Rules 1972,there will be a stronger case to apply Rule 56 to provide upgradation of pension also to LIC employees.The Government cannot be selective in taking away benefits on the one hand and not  providing another benefit on Central Government pattern.

This will strengthen our grounds in the SLPs in the Supreme Court when they come up for hearing.

The question also arises as to whether the GOI/LIC can resort to this moratorium in a funded scheme notified for an index-linked Pension Scheme.

We have to wait and watch. 

C H Mahadevan