Dear Mr Gopalan Subramanian,
I give the following example for calculation of DR slabs
Average CPI for Oct 2013 to Dec 2013=(241+243+239)/3=241-->241x4.63x4.93=5501.042( for 1/2/2014)
Average CPI for April 2014 to June 2014 =(242+244+246)/3=244--->244x4.63x4.93 =5569.52( for 1/8/2014)
We have to take the first figure as a multiple of four viz 5500 and the second figure as 5568.
The half yearly difference is 5568-5500=68
Dividing 68 by 4 we get 17 which were the no of slabs released from 1/8/2014.
LIC's action on MC Jain's case is not known,but they will have to comply with the Jaipur judgment sooner or later.Once they do it similarly placed pensioners can also claim the benefits as per the judgment.
Mr Krishnan and all those who retired after 1/4/1993 are entitled to the difference in salary from August 1992 to March 1993 including PF benefits as these retirees were similarly placed as Mr M C Jain while in service on 1/8/1992.But all such pensioners will have to demand the benefits from LIC and obtain them if necessary through legal action.In fact both in-service Class I Federation and retirees' Class I Federations will have to take it up with the management.
All 31 petitioners in Chandigarh case are pre-Aug 1997 retirees.
LIC
has not given 11.25% weightage;nor have they removed the DR anomaly
prior to Aug 1997 arising out of differential DR formula for in-service
and retired employees prior to 1/8/1997.
I agree with you on what you have stated in the last para. of your mail. All the Retired Employees' Federation/Associations have got a legitimate and legal right to demand being called for negotiations before wage revisions are finalised considering that three HC judgments are binding on them to pay upgraded pensions as Supreme Court has refused to stay the HC Orders. In my view all the retirees Federations/Associations can even apply to the courts to stay the finalisation of the wage revisions until the Civil Appeals in the Supreme Court are disposed of unless they adopt the same process for pension revision for retirees as well.
Kind regards.
C H Mahadevan