NOINO today wrote to the Chairman, LIC of
India for wage-revision and one more pension-option. The letter is reproduced
below:
23.07.2014
The Chairman,
L.I.C. of India
Respected
Sir,
Re: Wage revision & pension option
The wage-revision of LIC
employees is due since 1st August 2012. National Organization of
Insurance Officers (NOINO) submitted its Charter of demands on 23rd
July 2012. However, till now the talks
on wage-revision have not commenced. The employees are restless due to this.
The 22nd All India
Executive Committee Meeting of NOINO was held on 9th and 10th
June 2014, wherein EC members across the country were present. The assembly expressed
its concern over the delay in the talks.
The employees were expecting that some offer would be
coming on wage-revision in the Information Sharing Meeting on 13th
& 14th February 2014. We were disappointed to find that there was no offer
forthwith. However, in that meeting, an assurance was given by the management
that the unions would be invited again very shortly with some concrete offer on
wage-revision. We are again disappointed to find that till date that has not
happened. There is also no information forthcoming from the management
as to what steps are being taken for an early & satisfactory settlement.
We were given to understand that the LIC
management is making efforts for one more (final) option for pension before
& outside the wage-revision. Nothing has materialized even in this regard.
These two issues are of utmost importance.
However, the delay in settling both these issues has given rise to resentment.
We, therefore, demand that the
management should immediately invite the unions for talks on wage-revision as
well as other pending issues.
Yours faithfully,
Sd/-
Anagha Sant
GS, NOINO
Please enlighten me whether pension option would be with effective from 1.8.2012 or from the date of notification of wage revision settlement.
ReplyDeleteUsually from the date(old) of introduction of Pension Scheme in Corporation, as offered to Bank employees. However, the quantum pension depends on last 10 months average salary. Don't have much hopes on 2nd pension option as unions are not acting tactfully by placing pre.conditions such as wage.rev is separate and pension option is separate. Mang'ment may consider wage revision and say no to pension. Banks have almost compromised for pension but in LIC same approach is not there.
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