Thursday, April 16, 2015

Circular on NOINO's meeting with FM on 13th April 2015



NOINO delegation led by its President & Union minister Shri Prakash Javadekarji met Union Finance minister Shri Arun Jaitley on 13.4.2015. He was accompanied by All India GS Shri Dattaraj Prabhukhanolkar & senior NOINO leader Dr. S.B. Sharan.

The delegation pointed out the inordinate delay in settlement of wage revision & also insisted that the wage revision should be according to the paying capacity of LIC. Jaitleyji discussed the issue in detail with our delegation. He inquired about the minimum percentage rise that we expect.

We apprised him about our legitimate demand of 40% rise to LIC Class I Officers. We also briefed him in nutshell the capacity of LIC management to pay the desired wage rise.  While discussing Shri Jaitley mentioned that Banks had been given 15% rise, so, 40% or like that would not be possible. He enquired the percentage of increase in last wage revision and showed indications of thinking somewhat nearer to that. We clarified that the wage-revision in the Banks has been finalized at 15% which is on salary slip components only. This does not take into consideration the retirement & other benefits which were being considered while giving any offer till the previous wage-revision. If these are added, the total goes up to 21 to 22%.  LIC has performed far better than others in the teeth of stiff competition and hence we deserve much more than the banking industry.

The Finance minister listened to all our arguments positively. We expect favourable results soon.

We also strongly insisted on the demand for one more (final) option for pension & also that it should be settled outside wage revision. This demand was also viewed seriously by Finance minister and Javadekarji emphasized that a small few percentage of employees & officers have remained to opt for pension option. LIC management has shown their interest in settling this demand.

Shri Arun Jaitleyji has assured to look into these issues positively and also insist management to start the discussions for wage settlement immediately.

NOINO will continue its efforts till the legitimate demands of employees are met.

 Dattaraj Prabhukhanolkar

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