PROTEST LETTER ON PLLI

NOINO & NOIW jointly wrote a protest-letter on the issue of PLLI to Shri A K Dasgupta, Managing Director. The letter is reproduced below:

30.11.2011

Shri A K Dasgupta,

Managing Director,

L.I.C. of India.

Dear Sir,

Re: Payment of PLLI for the year 2010-2011

               We are writing this letter to you a bit late as we were busy in our respective meetings (Extended EC meeting of NOINO/Secretariat meeting of NOIW) at Delhi on 21^st & 22^nd November 2011 & thereafter in the morcha of BMS against the economic policies of the Central government.

               The instructions for payment of PLLI for the year 2010-2011 have been issued after a long wait. After receiving reports on the quantum of PLLI from majority of the centres, we are very much disappointed to say the least. The assemblies of the Extended EC meeting of NOINO/Secretariat of NOIW have passed a resolution protesting the meagre amount of PLLI as well as the delay in issuing the instructions.

               We have been continuously raising certain basic issues with regards to PLLI. We again submit our say at the cost of repetition. They are:-

1. The “Statement of Intent” has not been made public. In absence of the knowledge of the parameters, the employees feel directionless.
2. The “Statement of Intent” should be made public before the commencement of the financial year. In this context, we would like to draw your attention to the fact, that we are well past the half-yearly mark of the year 2011-2012, & the parameters have yet not been made public. We fail to understand the logic behind this.
3. We have been reiterating that the PLLI should be based on a single parameter i.e. Total Income. However, too many parameters have complicated the issue.
4. The payment of PLLI is calculated on the pre-revised annual pay of August 2007. We have time & again asked the logic behind the same. However, no convincing answers are forthcoming.
5. The payment of PLLI has been different for each office. This is nothing but dividing the employees & creating unrest. We reiterate our view that the percentage of PLLI should be uniform for all employees. It is difficult to quantify the performance of an individual employee in LIC. The contribution to the overall performance of LIC is from all the employees, wherever they work. Hence this criterion for payment should not be continued.

  

         The objective of any Incentive scheme should be motivating the employees in putting in their best instead of demoralising them. As it is, due to the artificial & low ceilings, an overwhelming majority of the employees have been deprived of the bonus for years together. BMS has putting forth its view that bonus is nothing but deferred wages which is a cushion for inflation not taken care by the skewed DA formula. PLLI could have been our own answer to deferred wages & also an alternative to break away from the “bank pattern”. It still can be, if rational & reasonable suggestions from the employee organizations are heeded.

       We request you to have a re-think of the whole issue of PLLI & consider our demand at the earliest.

Yours faithfully,

sd/-                                          sd/-

Ganesh Kamath                    Atul Deshpande

GS, NOINO                            GS, NOIW