NOIP writes to Current-in-Charge

NATIONAL ORGANISATION OF INSURANCE PENSIONERS

(Affiliated to Bharateeya Mazdoor Sangh)

3AB, Hashim Bldg., 40, Veer Nariman Marg, Hutatma Chowk, Mumbai 400 001. Tel. : 022-22040958

President : Shri S. L. Burman Working President : Shri Ashok J. Joshi General Secretary : Shri C.Y. Kalele

Date : 26th August 2011

The Current-In-Charge,
Life Insurance Corporation of India,
Yogakshema, J. B. Marg,
Mumbai - 400 021.

Dear Sir,

Re. : Important Issues of LIC Pensioners.

We wish to place before you important issues of LIC pensioners and look upon you to initiate steps for reddressal of the long pending issues confronting LIC Pensioners.

We would invite your kind and immediate attention to the following major pending issues:

1) Recently on 19th Aug. 2011, Rajasthan High Court, Division Bench Jaipur has dismissed the Review Petition of LIC on pensioners’ issues. We request you to ensure, in response to the High Court verdict, immediate implementation of the High Court verdicts of 12-01-2010 and 21-01-2011 without taking recourse to avenging the affected pensioners.

2) We request you to initiate steps to amend LIC Pension Rules, 1995 providing for upgradation of Basic Pension of all pensioners irrespective of the dates of their retirement, at the time of every wage revision of existing employees in consonance with the Central Govt. employees’ pension rules.

3) Loss in gross pension is inflicted upon pensioners who retired within less than ten months from the effective date of new wage revision period e.g. who retired during the period from 01-08-2007 to 31-05-2008 when new wage revision came into effect from 01-08-2007. We have detailed some representative cases in our letter of 21-04-2011.

We request you to initiate steps to amend LIC (employees) Pension Rules, 1995 regarding computation of Basic Pension taking 50% of the average emoluments of last ten months or 50% of last pay drawn, whichever is beneficial to the retiring employees AND arrange to issue instructions to review all such cases of anomaly right from the wage revision effective from 01-08-1987 upto the present one effective from 01-08-2007 and refix the basic pension of all those who have suffered the reduction in gross pension.

4) The quantum of ex-gratia payment to pre-1986 retirees is too meagre. The number of pre-1986 retirees is dwindling fast. We request you to raise the ex-gratia amount being paid to pre-1986 retirees without any further loss of time.

Over and above the aforesaid major demands, we also urge upon you to look into the other demands contained in our Charter of Demands submitted on 23-07-2007 and subsequent representations.

We are eager to meet you in person to discuss these pending issues of LIC pensioners in detail.

Thanking you,

Yours faithfully,

C. Y. Kalele
General Secretary
NOIP-BMS