DR Rates & DR slabs as at 1/2/2020 for various groups of retirees

Referring to the above published by you,we have to keep in mind the following in respect of pensioners retired from 1/1/1986 to 31/7/1992(31/3/1993 in case of Class I & II Officers)

(1) Basic Pension Slab.     

(2) Rates of DR as per Annexure IV.  

(3)  Rates of DR as ordered by the DHC in its judgment dated 27/4/2017

(4) DR rates as implemented by LIC after the judgment                               

                                                             Upto 1250.                            0.67%.                                               0.67 %                                       

 0.67%

1251 to 2000.                        0.55%.                                               0.55%.                                              0.55%

 

2000 to 2130.                         0.33%.                                               0.33%.                                             0.33 %

2131 to 3850.                         0.17%.                                               0.29%.                                             0.23%

3850 & above                         0.17%.                                                0.23%.                                             0.23%

For the retirees  with basic pension between 2131 and 3850,LIC is strictly not implementing the DHC judgment  in letter and spirit  not having challenged the DHC judgment . The Appendix IV of the Pension Rules  has also not been amended by any notification.The action of improper compliance has already been challenged in the SC by some petitioners and the compliance report if LIC is  reportedly yet to be filed by LIC even though promised by LIC Counsel on 4/2/2020 to file the same before 17/2/2020.Subsequently,the case got dragged on before hearing could commence and  Coronavirus pandemic spread and resultant lock down imposed in the country and extended twice.

P.S

The maximum basic pension is Rs 3500 for retired Executive Directors of the group.

For Officers in the cadre of Managing Directors retired from 1/1/1986 to 31/12/1995,the Basic Pension was higher than Rs 3500  and was Rs 3850.

For Officers in the cadre of Chairman retired from 1/1/1986 to 31/12/1995,the maximum Basic Pension was Rs 4000.

C H Mahadevan