Pending pension related issues of LIC pensioners

Regn No.PN 4769 (Regd under Indian T U Act, 1926)

(Affiliated to Bharateeya Mazdoor Sangh)

BMS Office, Vishwakarma Bhavan, 185, Shaniwar Peth, Pune 411030.

President: T.C. Gunesh Kumar Mob No: 9880683639

General Secretary: Ashok J. Joshi Mob No: 9561084182 & 9945104570

Date: 23-04-2024

The Secretary (DFS), Dept of Finance, GOI, Jeevan Deep Building, Parliament Street, NEW DELHI

Dear Sir,

Sub: Pending pension related issues of LIC pensioners

This is further to our letters dtd 28-01-2024 & 12-02-2024 regarding the captioned matter. The pending issues are reiterated here below in a nutshell.

We appeal to you to bestow your kind attention to resolve the same since they are pending approval for a long time.

• 1)
  Updation of pension with every wage revision- OROP
• 2)
  One more pension option to the left-over ex-servicemen and directly recruited superintending/Executive engineers (whose number is less than 100 in total). When Modiji has done a lot of good things to the Ex-Servicemen including grant of OROP, why a handful of ex-servicemen in LIC are denied the pension option, is not understandable.
• 3)
  Increased pension to 80+ seniors.
• 4)
  Double the family pension up to age 67 in case pensioner dies before age 67.
• 5)
  Computation of pension at 50% of last pay drawn or 50% of last 10 months' average pay, whichever is favourable to the retiree.
• 6)
  Full pension for service of 20 years or more.
• 7)
  One more pension option to those PF optees, who have resigned and had put in more than 20 years of service. (Resigned due to domestic/health issues, mostly ladies)­Recently given to Bank retirees by IBA through bilateral agreement with UFBU.
• 8)
  100% DR neutralization for pre 8/1997 retirees- Recently given to Bank retirees by IBA through bilateral agreement with UFBU for those retirees retired prior to 11/2002.

With thanks and regards,

Yours Sincerely,

General Secretary