* CHRONICLE - PENSIONERS CONVERGE HERE, DISCUSS ISSUES OF THEIR CHOICE * CHRONICLE - WHERE EVEN THE CHAT COLUMN PRODUCES GREAT DISCUSSIONS * CHRONICLE - WHERE THE MUSIC IS RISING IN CRESCENDO !

               
                                   

Saturday, August 30, 2014

LIC stoops too low to conquer‏

Dear Editor,

This is in continuation of Shri C H Mahadevan's latest Post in the Chronicle, on the absurdity of the up-gradation formula resulting in reduction in the family pension.

We discovered that in the deposit (proposed to be) made in the Chandigarh HC Registry, something unbelievable has happened if one goes by the total figures shown in the Statement filed along with the Affidavit (detailed calculations were not offered/provided). 

In a few cases, the spouses of the expired Pensioners unfortunately predeceased them and so there is no question of paying any family pension in such cases. Still LIC showed FP as paid/payable up to July 2014, the revision/up-gradation resulted in a negative variation as pointed out by Shri Mahadevan and the so called excess payment deemed paid/payable to the Family Pensioner was 'recovered' from the 'arrears' paid/payable up to the date of death of the Pensioner concerned. Is it double jeopardy or triple jeopardy?

I am sure the absurdity and the un-tenability of the formula will be adequately exposed in the contempt proceedings in Chandigarh, for what it may be worth.

Yet another striking reason to prove that those in LIC today dealing with the pensioners' issues including the cases in courts, need some counselling and help. The minimum they should realize is that they are not fighting their worst enemies - Pensioners are part of LIC in the past and in the present. Notwithstanding the clear indication that in our esteemed Chairman's horizon, Pensioners do not even 'exist' in LIC.  

Thanks and regards,

M. Sreenivasa Murty