Occasion for Jubilation
The lowest FAMILY PENSION in history is of LIC Pensioners with a Restrictive & Truncated APPENDIX V of Pension Rules 1995
LIC BOARD has approved same FP Formula as in Govt & RBI already, 30 % of BASIC PAY.Our tentative calculations show an optimistic ,decent rise in FAMILY Pension,who went uncared,unwept & unsung. Every opportunity to CO,ZO,RMOS, we dinned into their ears as we have to feed them !! Govt final Notification is awaited. BOARD MEETING No:590: OCTOBER,2019
xxiv)Those who retire during 10 month period of earlier Wage agreement, with all best efforts,genuine attempts were eluding but ATLAST,LIC BOARD approved & sent to Govt that Last drawn Basic Pay or Average of Last 10 months Basic Pay,whichever is HIGHER or BENEFICIAL will be granted.
YET another FEATHER in AIRIEF CAP .
Anomalies of Seniors getting less than Juniors will disappear. Govt final Notification is awaited. BOARD MEETING No: 589: JULY,2019
I spoke to MD,Sri Mukesh Kumar Gupta,few days back. I said even when July Resolution is now 1 year old & October Resolution 9 months old, it ill behoves of any Govt to delay further,when indeed they & all know LIC is Kamadhenu for Govt. All efforts they are making,he affirmed ,but Govt now has neck full of problems.
R.B.KISHORE,
PATRON ,AIRIEF
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