FEDERATION OF RETIRED LIC CLASS I OFFICERS' ASSOCIATIONS
This is the Second letter to Sri Guptaji, the MD, but this time, on the Rule of
minimum qualifying service, for Full Pension eligibility. As you might
know, it is still, a minimum of 33 years of Service, for eligibility
for full Pension in LIC, whereas it is 20 years in Central Govt., RBI
and other Organizations. As a result of this old Rule holding good even
now in LIC, there are many employees, and more particularly the
Ex-service men who joined the LIC at later age, with less scope for full
term of 33 years of Service being put in, for full Pension eligibility.
And these therefore draw Pensions at less than the full levels, and
only on pro-rata basis. Our plea is not something of a new principle
being expounded by us, first time, but to make the change over to the 20
year minimum Service for full Pension, on par with the Govt. and other
institutions which have switched over to this liberalized Rule. The
letter is appended below.
FEDERATION OF RETIRED LIC CLASS I
OFFICERS' ASSOCIATIONS
OFFICERS' ASSOCIATIONS
Dear Sri Guptaji,
I
am sorry if you feel, I am inundating you with letters. I really can't help it,
because it involves important matters of Pensioners. One major issue, about
which I have even written to the Chairman, is that we in the LIC leadership do
not think, it is basically our responsibility to apply mind on improvements in
matters of Pensioners, especially where such changes have already been made, in
similar establishments.
Yes,
in two aspects, LIC did take initiative – Family Pension increase and Periodic
raise for the 80 plus, where Results are yet to come in. But other than these
two matters, you have not thought it fit to take up other important areas for
improvement. And every time we bring up some matter before you, it is always,
after it has been made applicable to employees of other similar
institutions like Central Govt. or RBI or Banks.
I
am now bringing up the matter regarding eligibility for Full Pension, on the
basis of 20 years of Service put in by the employee. As of now we have the 33
year Rule for full pension eligibility. This Rule has been changed for others
quite some time ago (in 2007 for BSNL and 2013 for RBI). I am attaching copies
of instructions, on this behalf, in BSNL and the RBI. We would request that in
LIC too this change is brought about by taking up with the Central Govt.
Kindly
do not set it aside, thinking that such requests from the Federation are
routine stuff. Unless LIC Management recommends the change, whose principle
need not now be newly expounded to the Govt., how will it ever happen? It is
our belief, that if you recommend it, quoting the adoption of this rule in
other Govt. Organizations, the change over to the 20 year eligibility Rule for
Full Pension, should follow without fundamental questions being raised. I would
most earnestly request that this be done without further ado.
Thanking
you and with Regards
D.
Krishnan
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