One of the CMD of New India Assurance co who have not opted for our pension scheme 1995 has now opted for pension when OMOP notified recently,I am having his name & employee number.if he was governed by CCS pension rule, he should have bee granted pension under CCS pension rules & no need of any option.This point may be included in you ongoing case in HSC.
Para 55B of LIC Pension rules 1995 is ditto of para 54B of GIC Pension rule 1995.CMD post is contractual appointment & persons other than from our industry also can be appointed as CMD or MD.If such person is an employee of our company before being appointed as CMD/MD he ceases to be an employee of the company on his above appointment.Inorder to count his service during his above tenure,he has again brought to the status of an employee through this 55B.Any amendment to CCS Pension rules which is made applicable to our scheme as provided in para 56 of LIC pension rule 1995(para55of GIC) is also made applicable to him.It is to be noted that para 55B was not there in original scheme, it is added later by a notification.
This Mith stands Challenged this in the High court of Kerala in WP(C) 4357/2019 & case admitted,waiting for UOI to file the counter.
Para 55B of LIC Pension rules 1995 is ditto of para 54B of GIC Pension rule 1995.CMD post is contractual appointment & persons other than from our industry also can be appointed as CMD or MD.If such person is an employee of our company before being appointed as CMD/MD he ceases to be an employee of the company on his above appointment.Inorder to count his service during his above tenure,he has again brought to the status of an employee through this 55B.Any amendment to CCS Pension rules which is made applicable to our scheme as provided in para 56 of LIC pension rule 1995(para55of GIC) is also made applicable to him.It is to be noted that para 55B was not there in original scheme, it is added later by a notification.
This Mith stands Challenged this in the High court of Kerala in WP(C) 4357/2019 & case admitted,waiting for UOI to file the counter.
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