FEDERATION OF RETIRED LIC CLASS I OFFICERS' ASSOCIATIONS
PATRON:
G.N. SRIDHARAN,
Ph:9841072951
Email:
PRESIDENT :
E. I. THOMAS
Ph: 9847420023
E mail:
S. K. AWASTHI
Ph: 9451663802, 7007886404
Email:
SECRETARY (COORDINATION.): O. P. VASHISHTHA Ph: 9412992518 E mail: opv_ram@yahoo.com.
Ref. SKA/36
Dt. 20-10-2024
Friends,
Our advance Deepavali wishes to all our members. As you are aware, we have been harping on the issue of payment of pension on the last working day of the month. In this regard, we would like to leave no stone unturned and take it up at every conceivable opportunity to any authority. We have taken up the matter with the Secretary DFS in the Finance Ministry, copy of which is appended below.
With Greetings
S. K. Awasthi
Ref. SKA/ DFS
Dt. 20-10-2024
Sri Nagaraju Maddirala ji, Secretary D. F. S,Ministry of Finance
Jeevan Deep bldg.
NEW DELHI.
Respected Sir,
Reg : Payment of Pension on last working day(before Deepawli) to LIC pensioners.
We welcome you on assuming the charge of the coveted and important Assignment of the Finance Ministry. We hope under your dynamic leadership, the many pending problems of the LIC pensioners would be resolved at the earliest.
At the moment we wish to draw your attention to the issue of PARITY IN DATE OF PAYMENT OF PENSION BETWEEN BANKING SECTOR AND INSURANCE SECTOR. The Pension Rules of the Scheduled Banks and the LIC are identical, yet in Banks the pension is being released on the LAST WORKING DAY OF THE MONTH. SBI PAYS IT ON 27th OF THE MONTH, BUT LIC PAYS IT ON THE 1ST DAY OF THE NEXT MONTH OR LATER. Our organisation, a representative body of Retired LIC Officers, have been demanding from LIC, for a long time, to pay the pension on the Last Working Day of the month, as is being done in RBI and Banks. The letter annexed herein below is self explanatory and would testify our Statement.
The most celebrated Festival of India, the Deepawali is falling on 31.10.24. The Banks and LIC offices will be closed from 1.11.24 to 3.11.24 for Deepawali holidays and Sunday. If the LIC pensioners/Family pensioners do not get the October 24 pension on the Last working day of the month, they would be deprived of celebrating the grand Festival in a desired manner, for want of pension money. This will not happen with the Bank pensioners, as they will get the pension on the last working day of the month as per practice there.
Hence I made a request to the CEO & MD of LIC to PAY THE PENSION OF OCTOBER MONTH ON THE LAST WORKING DAY OF THE MONTH, AS A VERY SPECIAL CASE, WHICH LIC CAN DO, BUT WE ARE SKEPTICAL IF THEY WOULD DO SO, WITHOUT THE CONCURRENCE OF YOUR GOODSELF, MEANS DFS AUTHORITIES. AS SUCH I VERY HUMBLY REQUEST YOU TO KINDLY INTERVENE IN THE MATTER AND PASS ON DESIRED MESSAGE TO LIC AUTHORITIES, SO THAT LIC PENSIONERS COULD CELEBRATE DEEPAVALI IN JOYOUS MANNER. WE HOPE THAT YOU WOULD DO THE NEEDFUL IN THE MATTER.
With Deepawali Greetings and regards
S. K. Awasthi General Secretary, Fedn. of Retd. LIC Class I Officers' Associations
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