In its judgement the court had categorically stated that pre 1-8-97 retirees are entitled to DR based on 100 pc neutralisation similar to post 1-8-97 retirees.
LIC/GOI have not appealed against the judgement. Hence the issue of DR has reached its finality.LIC is duty bound to implement the verdict.
LIC has infact implement the judgement based of course on the faulty new tapering DR formula given by the DHC.
The court's new formula does not give full DR to retirees belonging to group I of Appendix IV of Pension Rules having BP above 1250/- and to retirees of group II having BP above 2400/-. The court could have simply stated that group I and II are entitled to .67 pc and .35 pc per slab for the full BP. It is a blunder committed by the DHC.
I request our leaders through this post to bring this folly to the notice of SC on 7-11-23 on top priority basis. I am 100 pc sure that SC will accept our stand unhesitatingly and suitable orders immediately which will give some benefit to all pre
1-8-97 retirees. It is pertinent to note that the court has directed LIC to pay the diff in DR as per the new tapering formula effective from
1-8-97.
We can take up the issue of updation next after getting favourable order in the DR issue.
Will the leaders give serious thought to my suggestion?
Let us hope so.
SR Srinivasan
From Coimbatore
9791754282
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