Circular: Special
Dear Comrades,
Camp: New Delhi
02.08.2023
A delegation of the AIIPA consisting of Com Satanjib Das, President and Com M.Kunhikrishnan, General Secretary met Smt Nirmala Sitharaman, Hon'ble Minister for Finance today in her Parliament House Chamber. Com John Brittas, MP, CPI(M) accompanied the delegation.
The delegation informed the Finance Minister that some issues relating to Pensioners of LIC and PSGI companies have been pending for approval of the Finance Ministry for a very long time. It was informed that the LIC Board 4 years back and GIPSA nearly two years back had recommended for increase in Family Pension to 30% without ceiling. We were informed by the managements that all clarifications sought by the DFS on this issue have already been sent. Yet approval of these recommendations is pending. We brought to the attention of the Finance Minister the precarious living standards of the Family Pensioners due to paltry Family Pension. We also pointed out that the period since these recommendations significant numbers of family pensioners have passed away.
The delegation said that the benefit of increase in Family Pension has been extended to RBI, Public Sector Banks, NABARD and RRB employees. It is only the employees of LIC and PSGI companies who have not been extended this benefit. We requested the Finance Minister to approve the recommendations early.
The Finance Minister was very receptive. She said if Boards of these institutions have recommended for increase in Family Pension, there is no reason why it should not be implemented. The delegation urged her to convey this to LIC and GIPSA. The Finance Minister agreed to consider this issue early.
The AIIPA delegation also brought to her notice the issue of full dearness allowance neutralization to those pensioners who retired earlier to 1.8.1997. The Finance Minister was informed that the Public Sector Banks have decided to extend this benefit to their pensioners. The delegation handed over a detailed memorandum to the Finance Minister in this regard.
The meeting was cordial and the Finance Minister assured to look into our demands early. The AIIPA will continue its efforts to secure the demand of increase in family pension early. The AIIPA will also pursue these issues vigorously with LIC and GIPSA in the background of the discussions with the Finance Minister.
The AIIPA records its appreciation for the efforts put in by Com John Brittas, MP in arranging the meeting and forcefully projecting the demand of insurance pensioners for positive consideration by the Finance Minister.
With Greetings,
Comradely yours,
General Secretary
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