DO YOU KNOW?
If LIC revises the pension on 1/8/1997 for pre-August 1997
pensioners as they have done while depositing the amounts in Jaipur
High Court Registry and Punjab & Haryana HC Registry for the
respective petitioners, and even if they follow the same pattern for
post -July, 1997 retirees, the Family Pension payable on such
revision will get reduced and not increased as per the present Family
Pension formula!
This,in my opinion, is due to the twin anomaly arising out of the LIC
having distorted the interpretation of the LIC Board Resolution dt
24/11/2001 and also the dismally anomalous formula for family
pension.
Unfortunately there is no one to fight for the helpless LIC family
pensioners numbering more than 12000 as on 3 1/3/2013 barring by the
pensioners' representative bodies through an incidental demand while
forcefully demanding upgradation of pension.
With greetings,
C H Mahadevan
an independent initiative...