DEAR ALL LIC PENSIONERS,
I RELEASE HERE UNDER THE CORRESPONDENCE EXCHANGED BETWEEN ME & SHRI
C H MAHADEVAN ON THE ABOVE SUBJECT FOR YOUR INFORMATION AND FOR THE
FEDERATIONS / ASSOCIATIONS OF LIC PENSIONERS TO TAKE IMMEDIATE PRO-ACTIVE ACTION BY WRITING TO LIC AS SUGGESTED BY SHRI MAHADEVAN.
WITH GREETINGS,
R K SAHNI
"1.
Dear Shri Mahadevan,
I attach an excel file containing
two calculations
1.Pre-8/92[4/93] retiree
&
2. post 7/92[3/93] retiree.
First calculation was already
checked by you.
Kindly check the second one.
With regards,
R K Sahni
2.
Your calculation is correct as per
the method followed by LIC, but it will not be as per SC judgment directing
application of para 3A, which will be three times the figure..
C H Mahadevan
3.
DO YOU MEAN RE-FIXING OF BASIC
PENSION ON 01.08.1997, 01.08.2002, 01.08.2007 & LASTLY ON .01.08.2012?
HAVE YOU DONE ANY SUCH EXERCISE AND
DO WE INSURE THAT LIC FOLLOWS THIS PROCEDURE RATHER THAN
AS THEY HAVE DONE WHILE MAKING
DEPOSIT IN JAIPUR & P & H HC?
with regards,
R K SAHNI
4.
What I mean to say is that for the
limited purpose of paying interim relief at 40%,LIC will have to revise the
basic pension on 1/8/1997 for pre-August 1997 retirees so as to make para 3A of
Appendix IV applicable to them. To do so LIC will have to bring them on par
with pensioners who retired or died after 1/8/1997 but before 1/8/2002.This
requires that pre-August 1997 retirees should be provided a notional revision
of salary as per wage revision on 1/8/1997 and their pension should be
revised accordingly. This is what I make out from para 27 of the SC
judgment. In other words, for the limited purpose of payment of IR,LIC should
effect one time upgradation of pension with weightage on 1/8/1997.
Revisions on 1/8/2002
onwards do not arise as para 3A applies only for retirees of the
period from 1/8/1997 to 31/7/2002.
We need to legally ensure that LIC
follows the directions of SC as above. We may expect them to adopt
the same practice followed by them for depositing in courts unless legally
questioned by the Supreme Court or the Delhi HC when they file the affidavit.
Kind regards.
C H Mahadevan
5.
Thus LIC
has six weeks time till 19.05.2016 to pay 40% IR. LIC will credit the amount on
the last day and inform the Delhi High Court. They may not spell out the method
adopted in calculating the 40% IR as ordered by the SC.
The Delhi High Court may not
question LIC on this as there are no specific instructions from the SC in their
Order.
As usual LIC will not give any
detailed calculation.
We may have to be extra careful in this regard.
With kind regards,
Rksahni
6.
That is why Associations/Federations
have to be pro-active and write to LIC demanding that,
1) the correct calculations be
made as per para 27 of the Supreme Court judgment;
2) calculation sheets are provided to
every pensioner who is paid IR,
as early as possible, so that LIC
will be aware that it is on notice. Associations/Federations may have to
take legal help if necessary.
Kind regards.
C H Mahadevan"
